Sequoia Financial Advisors LLC Has $14.02 Million Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Sequoia Financial Advisors LLC lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 14.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,382 shares of the financial services provider's stock after selling 50,566 shares during the period. Sequoia Financial Advisors LLC's holdings in Brookfield Asset Management were worth $14,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BAM. Kirr Marbach & Co. LLC IN raised its holdings in Brookfield Asset Management by 0.6% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 35,400 shares of the financial services provider's stock worth $1,715,000 after purchasing an additional 203 shares during the last quarter. RE Dickinson Investment Advisors LLC grew its position in shares of Brookfield Asset Management by 3.2% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 6,962 shares of the financial services provider's stock worth $377,000 after buying an additional 215 shares during the period. Focus Financial Network Inc. raised its stake in shares of Brookfield Asset Management by 5.2% during the first quarter. Focus Financial Network Inc. now owns 4,442 shares of the financial services provider's stock worth $215,000 after buying an additional 218 shares during the last quarter. Gold Investment Management Ltd. lifted its holdings in Brookfield Asset Management by 0.5% in the fourth quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider's stock valued at $2,271,000 after buying an additional 219 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after buying an additional 325 shares during the period. Institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Piper Sandler assumed coverage on Brookfield Asset Management in a research note on Monday. They set a "neutral" rating and a $60.00 price objective for the company. Royal Bank Of Canada assumed coverage on Brookfield Asset Management in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $72.00 target price on the stock. Morgan Stanley raised 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. Finally, TD Securities boosted their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Brookfield Asset Management Stock Up 0.3%

NYSE BAM traded up $0.19 during trading hours on Monday, reaching $55.31. 1,782,856 shares of the company's stock were exchanged, compared to its average volume of 1,571,365. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $90.57 billion, a price-to-earnings ratio of 39.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.51. The company's 50-day moving average is $55.61 and its two-hundred day moving average is $54.12. Brookfield Asset Management Ltd. has a one year low of $37.40 and a one year 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 earnings per share for the quarter, meeting the consensus estimate of $0.40. Brookfield Asset Management had a net margin of 55.26% and a return on equity of 52.70%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.29 billion. On average, analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, May 30th. 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.