35,665 Shares in Brookfield Asset Management Ltd. $BAM Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. has acquired a new position in Brookfield Asset Management Ltd. by purchasing 35,665 shares, valued at approximately $1.728 million.
• Multiple hedge funds increased their stakes in Brookfield Asset Management in the first quarter, highlighting growing investor interest in the company, which is now approximately 68.41% owned by institutional investors.
• Brookfield Asset Management recently reported earnings with an EPS of $0.38, missing estimates, and announced a quarterly dividend of $0.4375 per share, yielding 2.9%.

Landscape Capital Management L.L.C. acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 35,665 shares of the financial services provider's stock, valued at approximately $1,728,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BAM. Rossby Financial LCC purchased a new position in Brookfield Asset Management in the 1st quarter valued at about $28,000. ST Germain D J Co. Inc. acquired a new stake in Brookfield Asset Management in the 1st quarter valued at about $26,000. NewEdge Advisors LLC lifted its stake in Brookfield Asset Management by 61.0% in the 4th 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. Truvestments Capital LLC grew its stake in shares of Brookfield Asset Management by 85.5% in the first quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider's stock valued at $45,000 after buying an additional 432 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in Brookfield Asset Management during the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BAM shares. Jefferies Financial Group raised their price target on Brookfield Asset Management from $55.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Piper Sandler started coverage on shares of Brookfield Asset Management in a research report on Monday, June 30th. They set a "neutral" rating and a $60.00 target price on the stock. National Bankshares set a $71.00 target price on shares of Brookfield Asset Management and gave the company an "outperform" rating in a report on Tuesday, July 29th. National Bank Financial initiated coverage on shares of Brookfield Asset Management in a research note on Tuesday, July 29th. They set an "outperform" rating and a $71.00 price target for the company. Finally, TD Securities upped their price objective on Brookfield Asset Management from $66.00 to $75.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $63.33.

Brookfield Asset Management Price Performance

Shares of NYSE BAM traded down $0.50 on Wednesday, hitting $58.64. The company's stock had a trading volume of 314,936 shares, compared to its average volume of 2,058,145. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50 day moving average of $59.57 and a 200-day moving average of $55.30. Brookfield Asset Management Ltd. has a 12-month low of $39.19 and a 12-month high of $64.10. The company has a market capitalization of $96.03 billion, a price-to-earnings ratio of 39.51, a price-to-earnings-growth ratio of 2.20 and a beta of 1.44.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.29 billion. As a group, research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.4375 per share. The ex-dividend date is Friday, August 29th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.0%. Brookfield Asset Management's payout ratio is 117.45%.

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.