63,795 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. invested $3.09 million in shares of Brookfield Asset Management Ltd., acquiring 63,795 shares in the 1st quarter as reported in their recent 13F filing.
• Brookfield Asset Management has a market capitalization of $97.95 billion and its stock price decreased by 3.0% recently, with a current trading price of $59.81.
• The company reported quarterly earnings with an EPS of $0.40, meeting analysts' expectations, but its revenue of $1.04 billion was below the consensus estimate of $1.29 billion.

Jefferies Financial Group Inc. acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 63,795 shares of the financial services provider's stock, valued at approximately $3,091,000.

Other institutional investors have also made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Brookfield Asset Management during the fourth quarter valued at approximately $43,321,000. FIL Ltd increased its position in shares of 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 valued at $833,581,000 after purchasing an additional 574,978 shares during the period. Geode Capital Management LLC grew its position in Brookfield Asset Management by 31.3% in the fourth quarter. Geode Capital Management LLC now owns 2,116,337 shares of the financial services provider's stock valued at $117,171,000 after acquiring an additional 504,478 shares during the period. FMR LLC grew its position in Brookfield Asset Management by 2.3% in the fourth 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 period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Brookfield Asset Management in the fourth quarter valued at $18,785,000. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Stock Down 0.5%

BAM stock traded down $0.30 during mid-day trading on Tuesday, reaching $61.03. The company had a trading volume of 196,269 shares, compared to its average volume of 2,091,789. 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 stock has a 50 day simple moving average of $57.37 and a two-hundred day simple moving average of $54.89. The company has a market capitalization of $99.94 billion, a price-to-earnings ratio of 43.37, a PEG ratio of 2.30 and a beta of 1.44. Brookfield Asset Management Ltd. has a 52 week low of $38.18 and a 52 week high of $63.53.

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

Analyst Upgrades and Downgrades

BAM has been the topic of a number of analyst reports. Jefferies Financial Group lowered their price target on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. National Bank Financial initiated coverage on Brookfield Asset Management in a research note on Tuesday, July 29th. They set an "outperform" rating and a $71.00 price target on the stock. JPMorgan Chase & Co. upped their price target on Brookfield Asset Management from $51.00 to $55.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley increased their target price on Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Finally, Piper Sandler started coverage on Brookfield Asset Management in a research note on Monday, June 30th. They issued a "neutral" rating and a $60.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Brookfield Asset Management presently has an average rating of "Moderate Buy" and a consensus price target of $62.06.

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.