Blue Sky Capital Consultants Group Inc. Invests $2.36 Million in Brookfield Asset Management Ltd. (NYSE:BAM)

Blue Sky Capital Consultants Group Inc. purchased a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,600 shares of the financial services provider's stock, valued at approximately $2,363,000. Brookfield Asset Management makes up approximately 1.4% of Blue Sky Capital Consultants Group Inc.'s portfolio, making the stock its 21st largest holding.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in Brookfield Asset Management by 26.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 43,634 shares of the financial services provider's stock worth $2,366,000 after buying an additional 9,113 shares in the last quarter. USS Investment Management Ltd grew 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 buying an additional 23,161 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in Brookfield Asset Management in the fourth quarter valued at about $589,000. State of Wyoming boosted its stake in 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 position in 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 acquiring an additional 3,590 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Trading Down 2.3%

BAM stock traded down $1.31 during trading on Wednesday, hitting $56.25. The company had a trading volume of 1,917,609 shares, compared to its average volume of 1,401,203. The business has a 50-day moving average of $51.98 and a 200-day moving average of $54.37. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $62.61. The stock has a market cap of $90.71 billion, a PE ratio of 42.61, a PEG ratio of 1.92 and a beta of 1.56.

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

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Asset Management's dividend payout ratio (DPR) is presently 124.11%.

Analysts Set New Price Targets

A number of research analysts have issued reports on BAM shares. Wall Street Zen upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Wells Fargo & Company lifted their target price on Brookfield Asset Management from $54.00 to $55.00 and gave the company an "underweight" rating in a research report on Friday, May 23rd. CIBC lifted their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. BMO Capital Markets lifted their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a research report on Thursday, February 13th. Finally, HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $59.15.

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.