Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 71.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,400 shares of the financial services provider's stock after selling 21,212 shares during the quarter. ExodusPoint Capital Management LP's holdings in Brookfield Asset Management were worth $455,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC boosted its holdings in shares of Brookfield Asset Management by 487.2% in the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after buying an additional 419 shares during the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in Brookfield Asset Management during the fourth quarter valued at approximately $32,000. Versant Capital Management Inc increased its stake in shares of Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after purchasing an additional 771 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 319 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of Brookfield Asset Management by 170.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider's stock valued at $76,000 after acquiring an additional 887 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Price Performance

Shares of NYSE BAM traded up $0.57 during mid-day trading on Friday, hitting $48.56. The company had a trading volume of 1,224,243 shares, compared to its average volume of 1,435,407. The company has a market capitalization of $79.51 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The business's 50-day simple moving average is $51.14 and its 200 day simple moving average is $53.57. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping 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, analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.60%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is 132.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BAM. Scotiabank cut their price objective on Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. Keefe, Bruyette & Woods lowered their price target on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research report on Monday, January 13th. Jefferies Financial Group lowered their target price on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a report on Tuesday, April 8th. CIBC upped their price objective 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. Finally, Bank of America upgraded shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $57.15.

About Brookfield Asset Management

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.