Corient Private Wealth LP Sells 569,939 Shares of Brookfield Asset Management Ltd. $BAM

Corient Private Wealth LP lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 63.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,366 shares of the financial services provider's stock after selling 569,939 shares during the period. Corient Private Wealth LP's holdings in Brookfield Asset Management were worth $14,880,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Crescent Grove Advisors LLC grew its position in Brookfield Asset Management by 4.3% in the fourth quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 200 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Brookfield Asset Management by 1.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 17,165 shares of the financial services provider's stock valued at $899,000 after purchasing an additional 226 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Brookfield Asset Management by 29.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,096 shares of the financial services provider's stock worth $57,000 after purchasing an additional 250 shares in the last quarter. Hanson & Doremus Investment Management increased its position in shares of Brookfield Asset Management by 19.3% during the 1st quarter. Hanson & Doremus Investment Management now owns 1,548 shares of the financial services provider's stock worth $69,000 after purchasing an additional 250 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Brookfield Asset Management by 0.6% during the 4th quarter. Clearstead Advisors LLC now owns 43,847 shares of the financial services provider's stock valued at $2,297,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 68.41% of the company's stock.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of recent analyst reports. Scotia boosted their price target on shares of Brookfield Asset Management from $57.00 to $59.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 6th. UBS Group boosted their target price on Brookfield Asset Management from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Brookfield Asset Management in a research report on Wednesday, August 12th. Wall Street Zen raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Morgan Stanley set a $56.00 target price on Brookfield Asset Management and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Brookfield Asset Management currently has a consensus rating of "Hold" and an average target price of $58.65.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $45.85 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market cap of $75.12 billion, a P/E ratio of 26.66, a P/E/G ratio of 1.91 and a beta of 1.27. The firm has a 50 day simple moving average of $49.86 and a 200 day simple moving average of $47.67. Brookfield Asset Management Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $62.57.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. Sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.77 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Asset Management's payout ratio is currently 116.86%.

Brookfield Asset Management News Summary

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: Expansion through Reliance Worldwide acquisition: Brookfield agreed to acquire Reliance Worldwide Corporation, a global plumbing-products and solutions provider. The transaction would add a new operating platform and support Reliance’s next phase of international growth, potentially creating additional investment and value-creation opportunities for BAM. Brookfield Agrees to Acquire Reliance Worldwide Corporation
• Positive Sentiment: New C$50 billion Maple Fund: BAM and CPP Investments launched a major Canadian equity fund to pursue large-scale investments across Canada. The partnership could expand Brookfield’s investment pipeline, strengthen its domestic presence and generate future management fees and performance income as capital is deployed. CPP Investments and Brookfield launch $50 billion Maple Fund
• Positive Sentiment: Data-center infrastructure exposure: Brookfield will acquire a minority interest in American Real Estate Partners, a data-center developer. The investment gives BAM additional exposure to rapidly growing demand for data centers and AI-related infrastructure, though the financial contribution will depend on development and leasing success. Brookfield to Acquire a Minority Interest in American Real Estate Partners

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a global alternative asset manager that provides investment management services to institutional investors, governments, financial institutions and private-wealth clients. The company manages and invests capital on behalf of clients through a range of private and public investment strategies.

Its principal investment businesses include real estate, infrastructure, renewable power and transition, private equity, and credit. Brookfield seeks to invest in high-quality assets and businesses, often taking an active ownership and operating role.

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