Aviso Financial Inc. Sells 4,671 Shares of Brookfield Asset Management Ltd. $BAM

Key Points

• Aviso Financial Inc. reduced its stake in Brookfield Asset Management by 18.1%, owning 21,177 shares valued at approximately $1,026,000 after selling 4,671 shares in the 1st quarter.
• Several institutional investors increased their positions, with AGF Management Ltd. boosting holdings by 60.5% during the same period, indicating heightened interest from major players.
• Brookfield Asset Management's recent earnings report showed it missed EPS expectations by $0.01, reporting $0.38 EPS, while the firm also announced a quarterly dividend of $0.4375 to be paid on September 29th.

Aviso Financial Inc. reduced its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 18.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,177 shares of the financial services provider's stock after selling 4,671 shares during the period. Aviso Financial Inc.'s holdings in Brookfield Asset Management were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC bought a new stake in shares of Brookfield Asset Management during the first quarter worth about $28,000. ST Germain D J Co. Inc. bought a new stake in shares of Brookfield Asset Management during the first quarter worth about $26,000. NewEdge Advisors LLC grew its holdings 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 worth $47,000 after purchasing an additional 325 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Brookfield Asset Management during the fourth quarter worth about $54,000. Finally, Larson Financial Group LLC grew its holdings in shares of 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 worth $53,000 after purchasing an additional 1,004 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $58.00 price target on shares of Brookfield Asset Management in a report on Thursday, August 7th. BMO Capital Markets lifted their price objective on Brookfield Asset Management from $53.00 to $56.00 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. CIBC lifted their price objective on Brookfield Asset Management from $70.00 to $71.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Jefferies Financial Group lifted their price objective on Brookfield Asset Management from $55.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Finally, Scotiabank lifted their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $63.33.

Brookfield Asset Management Trading Up 3.4%

BAM traded up $1.9940 during trading on Friday, hitting $61.0040. The company's stock had a trading volume of 1,014,968 shares, compared to its average volume of 1,626,176. Brookfield Asset Management Ltd. has a twelve month low of $39.19 and a twelve month high of $64.10. 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 stock's fifty day moving average price is $58.78 and its 200-day moving average price is $55.15. The firm has a market capitalization of $99.91 billion, a P/E ratio of 40.94, a PEG ratio of 2.23 and a beta of 1.44.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.01). Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The business had revenue of $1,107,960 billion during the quarter, compared to analyst estimates of $1.29 billion. Analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

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