Nebula Research & Development LLC Raises Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Nebula Research & Development LLC lifted its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 20.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,758 shares of the financial services provider's stock after buying an additional 7,517 shares during the period. Nebula Research & Development LLC's holdings in Brookfield Asset Management were worth $2,371,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Brookfield Asset Management by 3.7% during the 4th quarter. Bank of Montreal Can now owns 9,575,446 shares of the financial services provider's stock worth $518,655,000 after purchasing an additional 339,072 shares during the period. TD Asset Management Inc. boosted its stake in Brookfield Asset Management by 8.9% during the 4th quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock worth $903,323,000 after purchasing an additional 1,359,126 shares during the period. American Century Companies Inc. boosted its stake in Brookfield Asset Management by 30.5% during the 4th quarter. American Century Companies Inc. now owns 74,389 shares of the financial services provider's stock worth $4,033,000 after purchasing an additional 17,369 shares during the period. Laffer Tengler Investments Inc. boosted its stake in Brookfield Asset Management by 24.2% during the 4th quarter. Laffer Tengler Investments Inc. now owns 147,773 shares of the financial services provider's stock worth $8,008,000 after purchasing an additional 28,768 shares during the period. Finally, Plato Investment Management Ltd boosted its stake in Brookfield Asset Management by 173.7% during the 4th quarter. Plato Investment Management Ltd now owns 10,369 shares of the financial services provider's stock worth $564,000 after purchasing an additional 6,580 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BAM. StockNews.com upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley reduced their target price on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. CIBC raised their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Scotiabank reduced their target price on shares of Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating for the company in a research note on Monday, April 7th. Finally, BMO Capital Markets raised their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.15.

Brookfield Asset Management Stock Performance

NYSE:BAM traded down $0.84 during mid-day trading on Wednesday, hitting $52.98. 346,910 shares of the company's stock traded hands, compared to its average volume of 1,862,722. The firm's 50 day simple moving average is $49.91 and its 200 day simple moving average is $53.80. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company has a market cap of $86.74 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a $0.4375 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a yield of 3.30%. Brookfield Asset Management's payout ratio is 132.58%.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.