Blue Zone Wealth Advisors LLC Boosts Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Blue Zone Wealth Advisors LLC boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 13.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,939 shares of the financial services provider's stock after purchasing an additional 19,832 shares during the quarter. Brookfield Asset Management comprises 2.3% of Blue Zone Wealth Advisors LLC's investment portfolio, making the stock its 7th biggest position. Blue Zone Wealth Advisors LLC's holdings in Brookfield Asset Management were worth $8,330,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Choreo LLC raised its position in shares of Brookfield Asset Management by 96.9% in the fourth quarter. Choreo LLC now owns 10,087 shares of the financial services provider's stock worth $551,000 after buying an additional 4,964 shares in the last quarter. Wilmington Savings Fund Society FSB raised its holdings in shares of Brookfield Asset Management by 38.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 6,094 shares of the financial services provider's stock valued at $330,000 after acquiring an additional 1,680 shares in the last quarter. Focus Financial Network Inc. bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $229,000. Louisbourg Investments Inc. grew its holdings in shares of Brookfield Asset Management by 3,312.7% during the fourth quarter. Louisbourg Investments Inc. now owns 49,552 shares of the financial services provider's stock worth $2,686,000 after purchasing an additional 48,100 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its position in shares of Brookfield Asset Management by 3.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 479,850 shares of the financial services provider's stock worth $26,003,000 after purchasing an additional 14,500 shares during the last quarter. 68.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

BAM has been the subject of a number of research reports. Scotiabank boosted their price target on shares of Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Jefferies Financial Group dropped their price target on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Finally, JPMorgan Chase & Co. increased their price objective on Brookfield Asset Management from $51.00 to $55.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.15.

Brookfield Asset Management Price Performance

NYSE BAM traded up $0.65 during mid-day trading on Tuesday, reaching $55.70. The stock had a trading volume of 2,763,465 shares, compared to its average volume of 1,460,208. The stock has a market cap of $89.82 billion, a PE ratio of 42.20, a price-to-earnings-growth ratio of 1.92 and a beta of 1.51. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company has a fifty day moving average price of $53.27 and a 200 day moving average price of $54.39.

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

Brookfield Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Asset Management's dividend payout ratio (DPR) is presently 124.11%.

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.