Fiduciary Alliance LLC Sells 49,792 Shares of Brookfield Asset Management Ltd. $BAM

Key Points

• Fiduciary Alliance LLC cut its Brookfield Asset Management stake by 55.9%, selling 49,792 shares and leaving 39,286 shares valued at about $2.06 million at the end of the quarter.
• Brookfield raised its quarterly dividend to $0.5025 (annualized $2.01), implying a ~4.5% yield, though the dividend payout ratio is a high 132.24%.
• Brookfield reported Q4 EPS of $0.47 beating estimates while revenue was roughly flat at $1.39B, and analysts hold a consensus "Hold" rating with an average target of $61.82.

Fiduciary Alliance LLC decreased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 55.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,286 shares of the financial services provider's stock after selling 49,792 shares during the quarter. Fiduciary Alliance LLC's holdings in Brookfield Asset Management were worth $2,058,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. eCIO Inc. bought a new position in shares of Brookfield Asset Management during the fourth quarter valued at approximately $42,000. Assetmark Inc. grew its stake in shares of Brookfield Asset Management by 95.9% during the third quarter. Assetmark Inc. now owns 807 shares of the financial services provider's stock valued at $46,000 after buying an additional 395 shares during the last quarter. Cary Street Partners Financial LLC grew its stake in shares of Brookfield Asset Management by 227.5% during the third quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider's stock valued at $46,000 after buying an additional 562 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Brookfield Asset Management by 93.3% during the third quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider's stock valued at $47,000 after buying an additional 401 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Brookfield Asset Management by 1,123.5% during the third quarter. TD Private Client Wealth LLC now owns 832 shares of the financial services provider's stock valued at $47,000 after buying an additional 764 shares during the last quarter. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Down 0.3%

Shares of NYSE BAM opened at $44.96 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $73.65 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.76 and a beta of 1.38. The stock has a 50 day moving average price of $46.84 and a 200 day moving average price of $51.33. Brookfield Asset Management Ltd. has a 52-week low of $42.20 and a 52-week high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. Sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were issued a dividend of $0.5025 per share. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.44. This represents a $2.01 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, February 27th. Brookfield Asset Management's dividend payout ratio (DPR) is currently 132.24%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BAM shares. Morgan Stanley set a $63.00 target price on Brookfield Asset Management in a research note on Tuesday, February 17th. Scotiabank lowered their price target on Brookfield Asset Management from $64.00 to $56.00 and set an "outperform" rating for the company in a report on Wednesday, March 25th. Royal Bank Of Canada set a $74.00 price target on Brookfield Asset Management and gave the company an "outperform" rating in a report on Monday, December 15th. Zacks Research lowered Brookfield Asset Management from a "strong-buy" rating to a "hold" rating in a report on Friday, March 20th. Finally, UBS Group set a $52.00 price target on Brookfield Asset Management in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $61.82.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company's products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.

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