Deutsche Bank AG Increases Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

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

Several other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC grew its holdings in Brookfield Asset Management by 36.6% in the 1st quarter. Cerity Partners LLC now owns 29,482 shares of the financial services provider's stock worth $1,428,000 after acquiring an additional 7,901 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Brookfield Asset Management by 9.9% in the 1st quarter. Teacher Retirement System of Texas now owns 68,700 shares of the financial services provider's stock worth $3,329,000 after acquiring an additional 6,200 shares during the last quarter. Capital A Wealth Management LLC bought a new stake in Brookfield Asset Management in the 4th quarter worth $412,000. BNP Paribas Financial Markets bought a new stake in Brookfield Asset Management in the 4th quarter worth $183,000. Finally, Intact Investment Management Inc. bought a new stake in Brookfield Asset Management in the 1st quarter worth $6,434,000. Hedge funds and other institutional investors own 68.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. National Bankshares set a $71.00 price objective on Brookfield Asset Management and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Royal Bank Of Canada started coverage on shares of Brookfield Asset Management in a report on Wednesday, June 18th. They issued an "outperform" rating and a $72.00 price target on the stock. CIBC boosted their price objective on shares of Brookfield Asset Management from $70.00 to $71.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Piper Sandler assumed coverage on shares of Brookfield Asset Management in a report on Monday, June 30th. They issued a "neutral" rating and a $60.00 price objective for the company. Finally, Jefferies Financial Group lifted their target price on shares of Brookfield Asset Management from $55.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday. 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 stock. Based on data from MarketBeat, Brookfield Asset Management presently has an average rating of "Moderate Buy" and an average price target of $63.33.

Brookfield Asset Management Stock Down 0.5%

Shares of NYSE BAM traded down $0.33 during midday trading on Thursday, hitting $62.18. The stock had a trading volume of 1,540,947 shares, compared to its average volume of 1,928,698. The business's 50 day moving average is $58.13 and its 200-day moving average is $55.14. Brookfield Asset Management Ltd. has a 52 week low of $39.19 and a 52 week high of $64.10. The company has a quick ratio of 1.31, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. The company has a market cap of $100.30 billion, a P/E ratio of 41.73, a PEG ratio of 2.26 and a beta of 1.44.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, August 29th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 117.45%.

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.