Brookfield Asset Management Ltd. $BAM Shares Sold by Capula Management Ltd

Key Points

• Capula Management Ltd. cut its stake in Brookfield Asset Management by 20.5% in Q3, selling 32,740 shares and ending the quarter with 126,868 shares valued at about $7.85 million.
• Brookfield raised its quarterly dividend to $0.5025 (annualized $2.01), a yield of roughly 4.7%, up from $0.44 and with a payout ratio of 132.24%.
• Analysts have an average rating of "Moderate Buy" with a consensus price target of $63.65, while the stock trades around $42.90 and the company has a market cap of about $70.26 billion and a P/E of 28.22.

Capula Management Ltd decreased its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 20.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,868 shares of the financial services provider's stock after selling 32,740 shares during the period. Capula Management Ltd's holdings in Brookfield Asset Management were worth $7,845,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Azimuth Capital Investment Management LLC grew its position in shares of Brookfield Asset Management by 1.2% during the 3rd quarter. Azimuth Capital Investment Management LLC now owns 92,133 shares of the financial services provider's stock valued at $5,246,000 after acquiring an additional 1,115 shares during the period. Bank of America Corp DE increased its stake in shares of Brookfield Asset Management by 6.9% in the 3rd quarter. Bank of America Corp DE now owns 3,173,231 shares of the financial services provider's stock valued at $180,684,000 after purchasing an additional 204,575 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Brookfield Asset Management by 8.8% in the 3rd quarter. Alliancebernstein L.P. now owns 146,653 shares of the financial services provider's stock worth $8,350,000 after purchasing an additional 11,811 shares during the period. Ameriprise Financial Inc. raised its holdings in Brookfield Asset Management by 23.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 353,604 shares of the financial services provider's stock worth $20,328,000 after purchasing an additional 67,438 shares during the period. Finally, Creative Planning boosted its position in Brookfield Asset Management by 17.8% during the third quarter. Creative Planning now owns 147,144 shares of the financial services provider's stock worth $8,378,000 after purchasing an additional 22,220 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $42.90 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. The stock's fifty day moving average is $50.17 and its two-hundred day moving average is $53.33. The firm has a market capitalization of $70.26 billion, a P/E ratio of 28.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. Brookfield Asset Management Ltd. has a fifty-two week low of $41.78 and a fifty-two week high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. On average, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.5025 per share. The ex-dividend date is Friday, February 27th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.44. This represents a $2.01 annualized dividend and a yield of 4.7%. Brookfield Asset Management's dividend payout ratio (DPR) is 132.24%.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group dropped their price objective on Brookfield Asset Management from $67.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, January 6th. BMO Capital Markets raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 5th. Wall Street Zen upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Saturday, January 10th. Royal Bank Of Canada set a $74.00 price target on shares of Brookfield Asset Management and gave the company an "outperform" rating in a research note on Monday, December 15th. Finally, Scotiabank set a $64.00 price target on shares of Brookfield Asset Management and gave the stock an "outperform" rating in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.65.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company's products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.

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