ASR Vermogensbeheer N.V. Takes $319,000 Position in Brookfield Asset Management Ltd. (NYSE:BAM)

ASR Vermogensbeheer N.V. purchased a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,595 shares of the financial services provider's stock, valued at approximately $319,000.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Brookfield Asset Management by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,204,794 shares of the financial services provider's stock valued at $832,833,000 after purchasing an additional 302,852 shares in the last quarter. Blue Sky Capital Consultants Group Inc. boosted its stake in shares of Brookfield Asset Management by 4.4% during the first quarter. Blue Sky Capital Consultants Group Inc. now owns 45,510 shares of the financial services provider's stock valued at $2,205,000 after purchasing an additional 1,910 shares in the last quarter. Scotia Capital Inc. boosted its stake in shares of Brookfield Asset Management by 0.6% during the first quarter. Scotia Capital Inc. now owns 1,074,952 shares of the financial services provider's stock valued at $51,314,000 after purchasing an additional 5,998 shares in the last quarter. LGT Capital Partners LTD. boosted its stake in shares of Brookfield Asset Management by 7.6% during the first quarter. LGT Capital Partners LTD. now owns 497,000 shares of the financial services provider's stock valued at $24,057,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of Brookfield Asset Management by 1.2% during the first quarter. Bank of Nova Scotia now owns 2,269,833 shares of the financial services provider's stock valued at $109,913,000 after purchasing an additional 27,913 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Up 0.7%

Shares of NYSE:BAM opened at $61.36 on Monday. The stock has a market cap of $100.49 billion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.21 and a beta of 1.44. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.07. Brookfield Asset Management Ltd. has a 12-month low of $38.95 and a 12-month high of $64.10. The business's 50 day moving average is $57.79 and its 200 day moving average is $55.03.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be given a $0.4375 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.75 annualized dividend and a yield of 2.9%. Brookfield Asset Management's payout ratio is currently 117.45%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BAM shares. JPMorgan Chase & Co. lifted their price target on Brookfield Asset Management from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised their price objective on Brookfield Asset Management from $55.00 to $57.00 and gave the stock an "underweight" rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $58.00 price objective on shares of Brookfield Asset Management in a research report on Thursday. National Bankshares set a $71.00 price objective on Brookfield Asset Management and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Finally, Piper Sandler began coverage on Brookfield Asset Management in a research report on Monday, June 30th. They set a "neutral" rating and a $60.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Brookfield Asset Management currently has an average rating of "Moderate Buy" and a consensus price target of $62.33.

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.

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