Capital International Sarl Increases Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Capital International Sarl boosted its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,964 shares of the financial services provider's stock after acquiring an additional 15,661 shares during the quarter. Capital International Sarl owned 0.05% of Brookfield Asset Management worth $12,787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC raised its position 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 valued at $27,000 after purchasing an additional 419 shares during the period. Mountain Hill Investment Partners Corp. bought a new position in Brookfield Asset Management during the 4th quarter worth $32,000. Versant Capital Management Inc raised its position in 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 valued at $44,000 after purchasing an additional 771 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock worth $47,000 after purchasing an additional 325 shares during the last quarter. Finally, Redwood Park Advisors LLC bought a new position in shares of Brookfield Asset Management in the 4th quarter valued at $64,000. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

NYSE BAM traded up $1.35 on Wednesday, hitting $50.82. The stock had a trading volume of 845,737 shares, compared to its average volume of 1,428,982. The firm has a 50-day moving average of $50.68 and a 200-day moving average of $53.63. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61. The company has a market capitalization of $83.21 billion, a price-to-earnings ratio of 38.50, 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 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 3.44%. Brookfield Asset Management's dividend payout ratio (DPR) is presently 132.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Scotiabank dropped 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 report on Monday, April 7th. BMO Capital Markets boosted their price objective on 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. Morgan Stanley reduced their target price on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $57.15.

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.