DekaBank Deutsche Girozentrale Has $3.19 Million Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

DekaBank Deutsche Girozentrale lowered its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 15.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,665 shares of the financial services provider's stock after selling 12,571 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Brookfield Asset Management were worth $3,187,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. FMR LLC grew its position in Brookfield Asset Management by 2.3% during 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. boosted its position in shares of Brookfield Asset Management by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after buying an additional 263,660 shares during the period. TD Asset Management Inc. grew its holdings in shares of 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 in the last quarter. Capital International Investors grew its holdings in shares of Brookfield Asset Management by 0.7% during the fourth quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock valued at $873,354,000 after buying an additional 116,008 shares in the last quarter. Finally, FIL Ltd raised its position in Brookfield Asset Management by 3.9% during the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider's stock valued at $833,581,000 after buying an additional 574,978 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Scotiabank raised their price objective on Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Morgan Stanley boosted their price objective on shares of Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a research report on Friday, May 16th. Wells Fargo & Company increased their target price on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the stock an "underweight" rating in a research report on Friday, July 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Brookfield Asset Management from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $59.64.

Brookfield Asset Management Stock Up 4.6%

NYSE BAM traded up $2.59 during trading on Wednesday, hitting $59.34. 1,919,342 shares of the company traded hands, compared to its average volume of 2,133,460. Brookfield Asset Management Ltd. has a 12 month low of $38.18 and a 12 month high of $62.61. The business has a fifty day simple moving average of $56.31 and a 200 day simple moving average of $54.18. The company has a market capitalization of $97.17 billion, a P/E ratio of 42.09, a PEG ratio of 2.21 and a beta of 1.43. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.07.

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 analysts' consensus estimates of $0.40. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.29 billion. Brookfield Asset Management had a net margin of 55.26% and a return on equity of 52.70%. As a group, sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were given a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.75 annualized dividend and a dividend yield of 2.95%. Brookfield Asset Management's dividend 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.