Choreo LLC Sells 4,349 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Choreo LLC decreased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 43.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,738 shares of the financial services provider's stock after selling 4,349 shares during the period. Choreo LLC's holdings in Brookfield Asset Management were worth $278,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BAM. Kirr Marbach & Co. LLC IN increased its holdings in Brookfield Asset Management by 0.6% during the first quarter. Kirr Marbach & Co. LLC IN now owns 35,400 shares of the financial services provider's stock worth $1,715,000 after buying an additional 203 shares during the last quarter. RE Dickinson Investment Advisors LLC increased its holdings in Brookfield Asset Management by 3.2% during the fourth 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 last quarter. Focus Financial Network Inc. increased its holdings in 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. NewEdge Advisors LLC increased its holdings in Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock worth $47,000 after buying an additional 325 shares during the last quarter. Finally, Capital International Ltd. CA increased its holdings in Brookfield Asset Management by 0.3% during the fourth quarter. Capital International Ltd. CA now owns 161,077 shares of the financial services provider's stock worth $8,729,000 after buying an additional 477 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock traded down $1.86 during mid-day trading on Friday, hitting $59.81. 2,106,115 shares of the company traded hands, compared to its average volume of 2,110,548. Brookfield Asset Management Ltd. has a one year low of $38.18 and a one year high of $63.53. The stock has a market cap of $97.94 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.43. 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 stock has a fifty day moving average price of $57.20 and a 200-day moving average price of $54.80.

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 55.26% and a return on equity of 52.70%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.29 billion. On average, equities analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Asset Management's payout ratio is presently 124.11%.

Analyst Ratings Changes

A number of analysts recently issued reports on BAM shares. Royal Bank Of Canada started coverage on shares of Brookfield Asset Management in a report on Wednesday, June 18th. They set an "outperform" rating and a $72.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on shares of Brookfield Asset Management from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. TD Securities lifted their target price on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday. National Bankshares set a $71.00 target price on shares of Brookfield Asset Management and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Morgan Stanley lifted their target price on shares of Brookfield Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Brookfield Asset Management presently has an average rating of "Moderate Buy" and a consensus target price of $62.06.

About Brookfield Asset Management

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.