Brookfield Asset Management Ltd. (NYSE:BAM) Holdings Decreased by Cooke & Bieler LP

Cooke & Bieler LP lessened its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,879,902 shares of the financial services provider's stock after selling 92,309 shares during the period. Cooke & Bieler LP owned about 0.11% of Brookfield Asset Management worth $91,081,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in shares of Brookfield Asset Management by 1,079.6% in the 1st quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider's stock worth $53,000 after purchasing an additional 1,004 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Brookfield Asset Management by 42.1% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 9,423 shares of the financial services provider's stock worth $457,000 after purchasing an additional 2,794 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Brookfield Asset Management by 4.5% in the 1st quarter. Whittier Trust Co. now owns 37,791 shares of the financial services provider's stock worth $1,831,000 after purchasing an additional 1,638 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Brookfield Asset Management by 5.9% in the 1st quarter. Apollon Wealth Management LLC now owns 18,238 shares of the financial services provider's stock worth $884,000 after purchasing an additional 1,016 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Brookfield Asset Management by 83.3% in the 1st quarter. Signaturefd LLC now owns 4,209 shares of the financial services provider's stock worth $204,000 after purchasing an additional 1,913 shares during the last quarter. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Price Performance

Shares of NYSE BAM traded down $0.73 during mid-day trading on Friday, reaching $60.76. The company had a trading volume of 1,549,618 shares, compared to its average volume of 1,623,105. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.07. The stock has a market cap of $99.49 billion, a PE ratio of 43.09, a P/E/G ratio of 2.30 and a beta of 1.43. The company has a 50-day moving average price of $56.47 and a two-hundred day moving average price of $54.26. Brookfield Asset Management Ltd. has a 1-year low of $38.18 and a 1-year high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.29 billion. Brookfield Asset Management had a return on equity of 52.70% and a net margin of 55.26%. On average, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, May 30th. Brookfield Asset Management's payout ratio is 124.11%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BAM. Piper Sandler began coverage on Brookfield Asset Management in a report on Monday, June 30th. They issued a "neutral" rating and a $60.00 price target on the stock. Royal Bank Of Canada began coverage on Brookfield Asset Management in a report on Wednesday, June 18th. They issued an "outperform" rating and a $72.00 price target on the stock. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a report on Thursday, April 10th. TD Securities raised their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Scotiabank raised their target price on Brookfield Asset Management from $58.00 to $59.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $59.64.

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.