111 Capital Buys 25,458 Shares of Brookfield Asset Management Ltd. $BAM

Key Points

• 111 Capital increased its stake in Brookfield Asset Management by 387.8%, acquiring an additional 25,458 shares during the second quarter, bringing its total holdings to 32,022 shares valued at $1.77 million.
• Analysts have raised price targets for Brookfield Asset Management, with TD Securities increasing its target from $66.00 to $75.00 and assigning a "buy" rating.
• Brookfield Asset Management recently reported an EPS of $0.38 for the last quarter, missing expectations, while also announcing a quarterly dividend of $0.4375, resulting in an annualized yield of 3.0%.

111 Capital lifted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 387.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,022 shares of the financial services provider's stock after purchasing an additional 25,458 shares during the quarter. 111 Capital's holdings in Brookfield Asset Management were worth $1,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAM. Wealth Enhancement Advisory Services LLC raised its stake in shares of Brookfield Asset Management by 7.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,148 shares of the financial services provider's stock valued at $2,284,000 after purchasing an additional 2,914 shares during the period. GAMMA Investing LLC raised its stake in shares of Brookfield Asset Management by 4,745.0% during the 1st quarter. GAMMA Investing LLC now owns 18,750 shares of the financial services provider's stock valued at $908,000 after purchasing an additional 18,363 shares during the period. Parallel Advisors LLC grew its position in Brookfield Asset Management by 85.7% during the first quarter. Parallel Advisors LLC now owns 1,558 shares of the financial services provider's stock worth $75,000 after buying an additional 719 shares in the last quarter. NBC Securities Inc. grew its position in Brookfield Asset Management by 104,200.0% during the first quarter. NBC Securities Inc. now owns 6,258 shares of the financial services provider's stock worth $303,000 after buying an additional 6,252 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in Brookfield Asset Management during the first quarter worth about $26,000. 68.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BAM. TD Securities boosted their target price on Brookfield Asset Management from $66.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. BMO Capital Markets boosted their target price on Brookfield Asset Management from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. Piper Sandler dropped their price target on Brookfield Asset Management from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, September 11th. National Bank Financial assumed coverage on Brookfield Asset Management in a research note on Tuesday, July 29th. They set an "outperform" rating and a $71.00 price target for the company. Finally, Wells Fargo & Company upped their target price on Brookfield Asset Management from $55.00 to $57.00 and gave the stock an "underweight" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Brookfield Asset Management currently has an average rating of "Moderate Buy" and an average target price of $63.52.

Brookfield Asset Management Stock Up 1.8%

BAM opened at $57.83 on Friday. The company has a market cap of $94.70 billion, a P/E ratio of 38.81, a P/E/G ratio of 2.07 and a beta of 1.39. The business's 50-day moving average price is $59.72 and its 200-day moving average price is $56.03. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.14. Brookfield Asset Management Ltd. has a 12 month low of $41.78 and a 12 month high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.29 billion. Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%. On average, equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were issued a $0.4375 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.75 annualized dividend and a dividend yield of 3.0%. Brookfield Asset Management's payout ratio is currently 117.45%.

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.

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