PEAK6 LLC Has $2.33 Million Holdings in Brookfield Asset Management Ltd. $BAM

Key Points

• PEAK6 LLC significantly increased its holdings in Brookfield Asset Management by 344.3% in Q1, acquiring a total of 47,989 shares valued at $2,325,000.
• Institutional investors now own 68.41% of Brookfield Asset Management's stock, with Vanguard Group being one of the notable investors increasing their holdings by 1.8%.
• Brookfield Asset Management reported a quarterly EPS of $0.38, slightly missing analyst expectations, and announced a dividend of $0.4375 per share, yielding 2.9% annually.

PEAK6 LLC lifted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 344.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,989 shares of the financial services provider's stock after buying an additional 37,189 shares during the period. PEAK6 LLC's holdings in Brookfield Asset Management were worth $2,325,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BAM. ST Germain D J Co. Inc. bought a new position in Brookfield Asset Management in the 1st quarter worth approximately $26,000. Rossby Financial LCC purchased a new stake in Brookfield Asset Management in the first quarter worth $28,000. NewEdge Advisors LLC increased its stake in shares of Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after buying an additional 325 shares during the period. Larson Financial Group LLC boosted its position in Brookfield Asset Management by 1,079.6% during the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 1,004 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in Brookfield Asset Management during the fourth quarter valued at about $54,000. 68.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAM. Scotiabank increased their target price on Brookfield Asset Management from $66.00 to $67.25 and gave the stock a "sector outperform" rating in a research note on Thursday, August 7th. Jefferies Financial Group lifted their target price on Brookfield Asset Management from $55.00 to $62.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. National Bankshares set a $71.00 target price on Brookfield Asset Management and gave the company an "outperform" rating in a research note on Tuesday, July 29th. BMO Capital Markets increased their price objective on Brookfield Asset Management from $53.00 to $56.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Finally, CIBC increased their price objective on Brookfield Asset Management from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Brookfield Asset Management has a consensus rating of "Moderate Buy" and a consensus target price of $63.33.

Brookfield Asset Management Stock Down 0.8%

Shares of BAM traded down $0.50 during mid-day trading on Friday, hitting $60.25. 1,746,360 shares of the company traded hands, compared to its average volume of 1,711,807. Brookfield Asset Management Ltd. has a 1-year low of $39.19 and a 1-year high of $64.10. The business has a 50 day moving average of $59.37 and a 200 day moving average of $55.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $98.67 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 2.20 and a beta of 1.44.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.01). The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.29 billion. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. Equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

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

Brookfield Asset Management Company 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.