43,600 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Bought by Blue Sky Capital Consultants Group Inc.

Blue Sky Capital Consultants Group Inc. acquired a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 43,600 shares of the financial services provider's stock, valued at approximately $2,363,000. Brookfield Asset Management comprises approximately 1.4% of Blue Sky Capital Consultants Group Inc.'s investment portfolio, making the stock its 21st biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its position in shares of Brookfield Asset Management by 26.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 43,634 shares of the financial services provider's stock worth $2,366,000 after purchasing an additional 9,113 shares during the period. USS Investment Management Ltd lifted its stake in Brookfield Asset Management by 60.3% during the fourth quarter. USS Investment Management Ltd now owns 61,561 shares of the financial services provider's stock worth $3,337,000 after purchasing an additional 23,161 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Brookfield Asset Management during the fourth quarter worth $589,000. State of Wyoming grew its stake in shares of Brookfield Asset Management by 77.9% in the fourth quarter. State of Wyoming now owns 6,536 shares of the financial services provider's stock valued at $354,000 after buying an additional 2,861 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of Brookfield Asset Management by 6.1% in the fourth quarter. Quantinno Capital Management LP now owns 62,450 shares of the financial services provider's stock valued at $3,385,000 after buying an additional 3,590 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BAM. Morgan Stanley increased their target price on Brookfield Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Wells Fargo & Company lifted their price objective on shares of Brookfield Asset Management from $54.00 to $55.00 and gave the company an "underweight" rating in a report on Friday, May 23rd. CIBC upped their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, January 30th. Finally, Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Brookfield Asset Management presently has an average rating of "Moderate Buy" and a consensus price target of $59.15.

Brookfield Asset Management Price Performance

Shares of BAM traded down $0.23 during midday trading on Thursday, reaching $55.98. The stock had a trading volume of 745,346 shares, compared to its average volume of 1,936,361. The company has a market cap of $90.28 billion, a price-to-earnings ratio of 42.38, a PEG ratio of 1.92 and a beta of 1.56. The company's fifty day simple moving average is $52.11 and its two-hundred day simple moving average is $54.39. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share for the quarter, meeting analysts' consensus estimates of $0.40. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.29 billion. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. On average, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Asset Management's payout ratio is 124.11%.

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.