Natixis Has $1.60 Million Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Natixis cut its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 26.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,584 shares of the financial services provider's stock after selling 10,608 shares during the quarter. Natixis' holdings in Brookfield Asset Management were worth $1,603,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC lifted its position in shares of Brookfield Asset Management by 487.2% during the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. bought a new position in Brookfield Asset Management in the 4th quarter valued at $32,000. Versant Capital Management Inc raised its position in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after acquiring an additional 771 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 325 shares during the period. Finally, Redwood Park Advisors LLC acquired a new stake in Brookfield Asset Management in the fourth quarter worth about $64,000. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock traded up $0.03 on Monday, hitting $52.98. The company had a trading volume of 500,439 shares, compared to its average volume of 1,435,351. The stock has a 50-day moving average of $50.19 and a 200-day moving average of $53.77. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61. The firm has a market capitalization of $86.75 billion, a P/E ratio of 40.16, a P/E/G ratio of 1.92 and a beta of 1.63.

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

Brookfield Asset Management Increases Dividend

The company 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 yield of 3.30%. The ex-dividend date was Friday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.58%.

Wall Street Analyst Weigh In

BAM has been the subject of several analyst reports. BMO Capital Markets lifted their price target on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. CIBC lifted their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. TD Securities increased their price target on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Monday, February 10th. StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.15.

Brookfield Asset Management 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.