7,599 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Bought by Capital A Wealth Management LLC

Capital A Wealth Management LLC bought a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,599 shares of the financial services provider's stock, valued at approximately $412,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Brookfield Asset Management by 3.7% in the 4th quarter. Bank of Montreal Can now owns 9,575,446 shares of the financial services provider's stock valued at $518,655,000 after buying an additional 339,072 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Brookfield Asset Management by 8.9% in the 4th 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. American Century Companies Inc. raised its position in shares of Brookfield Asset Management by 30.5% in the 4th quarter. American Century Companies Inc. now owns 74,389 shares of the financial services provider's stock valued at $4,033,000 after buying an additional 17,369 shares in the last quarter. Laffer Tengler Investments Inc. raised its position in shares of Brookfield Asset Management by 24.2% in the 4th quarter. Laffer Tengler Investments Inc. now owns 147,773 shares of the financial services provider's stock valued at $8,008,000 after buying an additional 28,768 shares in the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of Brookfield Asset Management by 173.7% in the 4th quarter. Plato Investment Management Ltd now owns 10,369 shares of the financial services provider's stock valued at $564,000 after buying an additional 6,580 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BAM shares. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. TD Securities upped their price objective on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on shares of Brookfield Asset Management from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Bank of America upgraded shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price objective for the company in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Brookfield Asset Management has a consensus rating of "Moderate Buy" and an average price target of $59.15.

Brookfield Asset Management Trading Up 0.8%

Shares of BAM stock traded up $0.46 during trading hours on Friday, reaching $56.22. The stock had a trading volume of 5,940,310 shares, compared to its average volume of 1,427,675. The stock's fifty day simple moving average is $52.29 and its 200 day simple moving average is $54.37. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The firm has a market capitalization of $90.66 billion, a PE ratio of 42.59, a PEG ratio of 1.92 and a beta of 1.56.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.29 billion. As a group, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a $0.4375 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.11%. Brookfield Asset Management's payout ratio is 124.11%.

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.