GAMMA Investing LLC Purchases 18,363 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

GAMMA Investing LLC boosted its stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 4,745.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,750 shares of the financial services provider's stock after acquiring an additional 18,363 shares during the period. GAMMA Investing LLC's holdings in Brookfield Asset Management were worth $908,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Truvestments Capital LLC raised its position in Brookfield Asset Management by 487.2% in the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after acquiring an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new position in shares of Brookfield Asset Management in the 4th quarter valued at about $32,000. NewEdge Advisors LLC raised its holdings in shares of 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 acquiring an additional 325 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Brookfield Asset Management in the 4th quarter worth about $54,000. Finally, Redwood Park Advisors LLC acquired a new position in Brookfield Asset Management in the fourth quarter worth approximately $64,000. Institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM traded up $1.12 during trading on Wednesday, reaching $55.11. The company had a trading volume of 129,126 shares, compared to its average volume of 1,456,215. 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 company has a fifty day moving average of $54.36 and a two-hundred day moving average of $54.32. Brookfield Asset Management Ltd. has a 12 month low of $37.33 and a 12 month high of $62.61. The stock has a market capitalization of $88.87 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.51.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 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%. Equities research analysts forecast 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 will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.4375 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.18%. Brookfield Asset Management's dividend payout ratio is currently 124.11%.

Analyst Ratings Changes

Several research firms recently issued reports on BAM. Scotiabank upped their price objective on shares of Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. TD Securities raised their price objective on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" 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 target price on the stock in a report on Thursday, April 10th. Morgan Stanley lifted their price target on Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada assumed coverage on shares of Brookfield Asset Management in a research report on Wednesday. They set an "outperform" rating and a $72.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Brookfield Asset Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.46.

Brookfield Asset Management Company 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.