30,000 Shares in Brookfield Asset Management Ltd. $BAM Acquired by Maven Securities LTD

Key Points

• Maven Securities LTD has acquired a new stake in Brookfield Asset Management, purchasing 30,000 shares valued at approximately $1.45 million.
• Brookfield Asset Management recently reported an earnings per share (EPS) of $0.38, falling short of analysts' expectations of $0.39.
• The company announced a quarterly dividend of $0.4375 per share, representing a 2.9% annual dividend yield.

Maven Securities LTD acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 30,000 shares of the financial services provider's stock, valued at approximately $1,454,000.

A number of other institutional investors and hedge funds have also bought and sold shares of BAM. AGF Management Ltd. grew its stake in Brookfield Asset Management by 60.5% in the 1st quarter. AGF Management Ltd. now owns 1,603,608 shares of the financial services provider's stock valued at $77,742,000 after buying an additional 604,395 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Brookfield Asset Management during the 1st quarter worth approximately $27,859,000. Vanguard Group Inc. grew its position in shares of Brookfield Asset Management by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 17,204,794 shares of the financial services provider's stock worth $832,833,000 after purchasing an additional 302,852 shares in the last quarter. Nuveen LLC acquired a new position in shares of Brookfield Asset Management during the 1st quarter worth approximately $13,438,000. Finally, Bamco Inc. NY grew its position in shares of Brookfield Asset Management by 22.6% during the 4th quarter. Bamco Inc. NY now owns 1,348,906 shares of the financial services provider's stock worth $73,097,000 after purchasing an additional 248,471 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Stock Down 0.7%

Brookfield Asset Management stock traded down $0.4120 during midday trading on Thursday, hitting $58.9580. 1,079,599 shares of the stock were exchanged, compared to its average volume of 1,676,056. Brookfield Asset Management Ltd. has a 52-week low of $39.19 and a 52-week high of $64.10. The stock has a market capitalization of $96.55 billion, a price-to-earnings ratio of 39.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.44. The business's 50-day moving average price is $58.66 and its 200-day moving average price is $55.16. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

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 firm had revenue of $1,107,960 billion for the quarter, compared to analysts' expectations of $1.29 billion. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

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

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. National Bank Financial assumed coverage on Brookfield Asset Management in a research report on Tuesday, July 29th. They set an "outperform" rating and a $71.00 target price for the company. BMO Capital Markets increased their price target on shares of Brookfield Asset Management from $53.00 to $56.00 and gave the stock a "market perform" rating in a research report on Thursday, August 7th. TD Securities increased their price target on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Jefferies Financial Group increased their price target on shares of Brookfield Asset Management from $55.00 to $62.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Finally, CIBC upped their target price on Brookfield Asset Management from $70.00 to $71.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $63.33.

Brookfield Asset Management 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.