Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Davidson Kahn Capital Management LLC

Davidson Kahn Capital Management LLC increased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 10.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,486 shares of the financial services provider's stock after purchasing an additional 4,995 shares during the quarter. Brookfield Asset Management makes up approximately 2.0% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 17th largest position. Davidson Kahn Capital Management LLC's holdings in Brookfield Asset Management were worth $2,543,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in Brookfield Asset Management by 2.3% in the 4th quarter. FMR LLC now owns 19,646,285 shares of the financial services provider's stock valued at $1,064,983,000 after acquiring an additional 447,642 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Brookfield Asset Management by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after purchasing an additional 263,660 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Brookfield Asset Management by 8.9% in the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after purchasing an additional 1,359,126 shares in the last quarter. Capital International Investors increased its holdings in shares of Brookfield Asset Management by 0.7% in the fourth quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock valued at $873,354,000 after purchasing an additional 116,008 shares during the last quarter. Finally, FIL Ltd lifted its position in Brookfield Asset Management by 3.9% during the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider's stock worth $833,581,000 after buying an additional 574,978 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Trading Down 2.3%

Shares of NYSE:BAM traded down $1.28 during mid-day trading on Wednesday, reaching $54.40. 2,341,521 shares of the company were exchanged, compared to its average volume of 1,468,406. Brookfield Asset Management Ltd. has a 1 year low of $37.40 and a 1 year high of $62.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.31 and a quick ratio of 1.31. The firm's 50-day simple moving average is $55.06 and its 200 day simple moving average is $54.22. The firm has a market cap of $87.72 billion, a price-to-earnings ratio of 38.58, a P/E/G ratio of 1.96 and a beta of 1.51.

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 EPS for the quarter, hitting the consensus estimate of $0.40. Brookfield Asset Management had a return on equity of 52.70% and a net margin of 55.26%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.29 billion. Equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, May 30th. Brookfield Asset Management's dividend payout ratio (DPR) is 124.11%.

Analysts Set New Price Targets

BAM has been the subject of several analyst reports. Scotiabank upped their target price on Brookfield Asset Management from $58.00 to $59.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Bank of America raised shares of Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a research report on Thursday, April 10th. Wells Fargo & Company raised their price objective on shares of Brookfield Asset Management from $54.00 to $55.00 and gave the stock an "underweight" rating in a research report on Friday, May 23rd. 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. Finally, Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $59.46.

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.