Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 221,222 shares of the financial services provider's stock after purchasing an additional 8,415 shares during the quarter. Janney Montgomery Scott LLC's holdings in Brookfield Asset Management were worth $10,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BAM. RE Dickinson Investment Advisors LLC grew its stake in Brookfield Asset Management by 3.2% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 6,962 shares of the financial services provider's stock valued at $377,000 after acquiring an additional 215 shares during the period. Focus Financial Network Inc. grew its position in shares of Brookfield Asset Management by 5.2% in the first quarter. Focus Financial Network Inc. now owns 4,442 shares of the financial services provider's stock valued at $215,000 after purchasing an additional 218 shares during the period. Gold Investment Management Ltd. increased its stake in shares of Brookfield Asset Management by 0.5% during the fourth quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider's stock worth $2,271,000 after purchasing an additional 219 shares in the last quarter. NewEdge Advisors LLC increased its stake 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 purchasing an additional 325 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Brookfield Asset Management by 20.5% during the 4th quarter. Lindbrook Capital LLC now owns 2,174 shares of the financial services provider's stock worth $118,000 after purchasing an additional 370 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on BAM. Jefferies Financial Group lowered their target price on shares of Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield Asset Management from $51.00 to $55.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada assumed coverage on shares of Brookfield Asset Management in a report on Wednesday. They issued an "outperform" rating and a $72.00 price objective for the company. Wells Fargo & Company boosted their target price on Brookfield Asset Management from $54.00 to $55.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Finally, Scotiabank increased their price target on Brookfield Asset Management from $58.00 to $59.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Brookfield Asset Management has a consensus rating of "Moderate Buy" and an average target price of $59.46.

Brookfield Asset Management Trading Down 0.5%

Shares of BAM traded down $0.28 during trading on Friday, reaching $54.37. 1,526,475 shares of the company traded hands, compared to its average volume of 1,462,152. The stock has a 50-day simple moving average of $54.67 and a 200-day simple moving average of $54.30. The stock has a market cap of $87.67 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.98 and a beta of 1.51. Brookfield Asset Management Ltd. has a twelve month low of $37.33 and a twelve month high of $62.61. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.07.

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

Brookfield Asset Management Dividend Announcement

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

About Brookfield Asset Management

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.