MGO One Seven LLC Makes New $304,000 Investment in Brookfield Asset Management Ltd. $BAM

Key Points

• MGO One Seven LLC has invested $304,000 to acquire 5,505 shares of Brookfield Asset Management Ltd. in the second quarter.
• Analysts have mixed opinions on BAM, with price targets ranging from $56.00 to $68.00, and the stock receiving ratings from "Strong Buy" to "Sell".
• Brookfield's recent earnings report showed a missed EPS estimate of $0.38, compared to the expected $0.39, amid a revenue of $1.11 billion.

MGO One Seven LLC acquired a new position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,505 shares of the financial services provider's stock, valued at approximately $304,000.

A number of other large investors have also recently made changes to their positions in BAM. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brookfield Asset Management by 2.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 43,002 shares of the financial services provider's stock worth $2,083,000 after purchasing an additional 854 shares during the period. Intact Investment Management Inc. purchased a new position in shares of Brookfield Asset Management during the 1st quarter worth about $6,434,000. Davidson Kahn Capital Management LLC boosted its stake in shares of Brookfield Asset Management by 10.5% during the 1st quarter. Davidson Kahn Capital Management LLC now owns 52,486 shares of the financial services provider's stock worth $2,543,000 after purchasing an additional 4,995 shares during the period. Kirr Marbach & Co. LLC IN boosted its stake in shares of Brookfield Asset Management by 0.6% during the 1st quarter. Kirr Marbach & Co. LLC IN now owns 35,400 shares of the financial services provider's stock worth $1,715,000 after purchasing an additional 203 shares during the period. Finally, SOL Capital Management CO boosted its stake in shares of Brookfield Asset Management by 62.5% during the 1st quarter. SOL Capital Management CO now owns 51,372 shares of the financial services provider's stock worth $2,489,000 after purchasing an additional 19,756 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on BAM shares. BMO Capital Markets lifted 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 note on Thursday, August 7th. Wells Fargo & Company lifted their price target on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the stock an "underweight" rating in a research note on Friday, July 11th. Bank of America cut shares of Brookfield Asset Management from a "buy" rating to a "neutral" rating and set a $68.00 price target for the company. in a research note on Thursday, September 4th. Morgan Stanley set a $62.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 13th. Finally, Scotiabank upped their target price on shares of Brookfield Asset Management from $66.00 to $67.25 and gave the stock a "sector outperform" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Brookfield Asset Management currently has an average rating of "Moderate Buy" and a consensus price target of $64.27.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $54.16 on Monday. 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 company has a market capitalization of $88.71 billion, a P/E ratio of 36.35, a P/E/G ratio of 2.02 and a beta of 1.39. The company's 50-day simple moving average is $58.69 and its two-hundred day simple moving average is $56.59. Brookfield Asset Management Ltd. has a one year low of $41.78 and a one year high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.29 billion. As a group, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Asset Management's dividend payout ratio is presently 117.45%.

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.

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