Public Employees Retirement System of Ohio Grows Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Public Employees Retirement System of Ohio increased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 26.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,634 shares of the financial services provider's stock after acquiring an additional 9,113 shares during the period. Public Employees Retirement System of Ohio's holdings in Brookfield Asset Management were worth $2,366,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Brookfield Asset Management by 2.3% in the 4th quarter. FMR LLC now owns 19,646,285 shares of the financial services provider's stock worth $1,064,983,000 after purchasing an additional 447,642 shares in the last quarter. Vanguard Group Inc. raised its stake in Brookfield Asset Management by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock valued at $916,676,000 after buying an additional 263,660 shares during the last quarter. TD Asset Management Inc. raised its stake in Brookfield Asset Management by 8.9% during the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after buying an additional 1,359,126 shares during the last quarter. Capital International Investors boosted its holdings in Brookfield Asset Management by 0.7% in the fourth quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock worth $873,354,000 after acquiring an additional 116,008 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Brookfield Asset Management by 3.9% in the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider's stock worth $833,581,000 after acquiring an additional 574,978 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BAM shares. Scotiabank upped their price target on shares of Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley increased their price target on shares of Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price objective on Brookfield Asset Management from $54.00 to $55.00 and gave the company an "underweight" rating in a research report on Friday, May 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.15.

Brookfield Asset Management Trading Down 0.0%

BAM stock traded down $0.02 during trading on Monday, reaching $56.08. The stock had a trading volume of 2,931,105 shares, compared to its average volume of 1,433,434. The firm has a market cap of $90.43 billion, a PE ratio of 42.49, a PEG ratio of 1.92 and a beta of 1.56. The stock's 50 day moving average is $52.29 and its two-hundred day moving average is $54.34. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.29 billion. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. On average, 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, June 30th. Shareholders of record on Friday, May 30th will be given a $0.4375 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.75 annualized dividend and a yield of 3.12%. Brookfield Asset Management's payout ratio is presently 124.11%.

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.