Deutsche Bank AG Raises Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Deutsche Bank AG increased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 11.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 573,939 shares of the financial services provider's stock after acquiring an additional 58,332 shares during the quarter. Deutsche Bank AG's holdings in Brookfield Asset Management were worth $27,807,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BAM. Barclays PLC grew its position in Brookfield Asset Management by 274.0% in the fourth quarter. Barclays PLC now owns 7,492 shares of the financial services provider's stock valued at $406,000 after acquiring an additional 5,489 shares in the last quarter. NewEdge Advisors LLC raised 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 purchasing an additional 325 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Brookfield Asset Management during the fourth quarter valued at about $43,321,000. Capital International Sarl raised its position in Brookfield Asset Management by 7.1% in the fourth quarter. Capital International Sarl now owns 235,964 shares of the financial services provider's stock worth $12,787,000 after acquiring an additional 15,661 shares in the last quarter. Finally, Capital International Investors increased its stake in Brookfield Asset Management by 0.7% in the 4th quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock worth $873,354,000 after purchasing an additional 116,008 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Price Performance

NYSE:BAM traded down $0.71 during trading hours on Friday, hitting $61.40. 920,365 shares of the company's stock traded hands, compared to its average volume of 1,839,362. The firm has a market cap of $100.55 billion, a P/E ratio of 41.21, a P/E/G ratio of 2.24 and a beta of 1.44. Brookfield Asset Management Ltd. has a 52 week low of $39.19 and a 52 week high of $64.10. The business's fifty day simple moving average is $58.32 and its two-hundred day simple moving average is $55.12. The company has a quick ratio of 1.31, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its earnings results 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). Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The company had revenue of $1,107,960 billion during the quarter, compared to the consensus estimate of $1.29 billion. On average, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

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 is Friday, August 29th. Brookfield Asset Management's dividend payout ratio is presently 117.45%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Scotiabank lifted their price target on Brookfield Asset Management from $66.00 to $67.25 and gave the company an "outperform" rating in a report on Thursday, August 7th. Morgan Stanley increased their target price on Brookfield Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a report on Friday, May 16th. Wells Fargo & Company increased their target price on Brookfield Asset Management from $55.00 to $57.00 and gave the company an "underweight" rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $58.00 price objective on shares of Brookfield Asset Management in a report on Thursday, August 7th. Finally, CIBC raised their price target on Brookfield Asset Management from $70.00 to $71.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $63.33.

Brookfield Asset Management 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.