59,963 Shares in Brookfield Asset Management Ltd. $BAM Bought by Nykredit A S

Key Points

• Nykredit A S bought 59,963 Brookfield Asset Management shares worth approximately $2.69 million during the second quarter. Institutional investors and hedge funds collectively own 68.41% of BAM.
• Analysts maintain a generally neutral outlook, with a consensus “Hold” rating and an average price target of $58.65; targets from Scotia/Scotiabank reached $59.
• Brookfield exceeded quarterly expectations, reporting $0.44 EPS and $1.49 billion in revenue. The company also announced a $0.5025 quarterly dividend, equivalent to a 4.4% annualized yield.

Nykredit A S bought a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 59,963 shares of the financial services provider's stock, valued at approximately $2,689,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Trust Co. of Vermont purchased a new stake in shares of Brookfield Asset Management in the 2nd quarter valued at $25,000. Compass Financial Management LLC acquired a new stake in shares of Brookfield Asset Management in the second quarter worth approximately $27,000. Allied Private Wealth LLC acquired a new position in Brookfield Asset Management during the second quarter worth about $40,000. Allworth Financial LP boosted its stake in Brookfield Asset Management by 47.8% during the fourth quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider's stock worth $54,000 after buying an additional 333 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Brookfield Asset Management by 184.5% in the 1st quarter. Root Financial Partners LLC now owns 1,283 shares of the financial services provider's stock valued at $57,000 after buying an additional 832 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BAM shares. Scotia increased their price objective on shares of Brookfield Asset Management from $57.00 to $59.00 and gave the stock a "sector outperform" rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Morgan Stanley set a $56.00 target price on shares of Brookfield Asset Management and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Scotiabank restated an "outperform" rating and set a $59.00 price objective on shares of Brookfield Asset Management in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Brookfield Asset Management in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brookfield Asset Management has a consensus rating of "Hold" and an average target price of $58.65.

Brookfield Asset Management Stock Performance

Shares of BAM stock opened at $46.04 on Wednesday. The company's fifty day simple moving average is $49.79 and its 200-day simple moving average is $47.62. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Brookfield Asset Management Ltd. has a 52 week low of $42.20 and a 52 week high of $62.57. The company has a market cap of $75.43 billion, a PE ratio of 26.77, a P/E/G ratio of 1.89 and a beta of 1.27.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.50%. The business had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.78 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a $0.5025 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.01 dividend on an annualized basis and a yield of 4.4%. Brookfield Asset Management's dividend payout ratio (DPR) is currently 116.86%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a global alternative asset manager that provides investment management services to institutional investors, governments, financial institutions and private-wealth clients. The company manages and invests capital on behalf of clients through a range of private and public investment strategies.

Its principal investment businesses include real estate, infrastructure, renewable power and transition, private equity, and credit. Brookfield seeks to invest in high-quality assets and businesses, often taking an active ownership and operating role.

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