Brookfield Asset Management Ltd. (NYSE:BAM) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. increased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 104,200.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,258 shares of the financial services provider's stock after acquiring an additional 6,252 shares during the period. NBC Securities Inc.'s holdings in Brookfield Asset Management were worth $303,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of BAM. Parallel Advisors LLC increased its stake in Brookfield Asset Management by 85.7% during the first quarter. Parallel Advisors LLC now owns 1,558 shares of the financial services provider's stock worth $75,000 after purchasing an additional 719 shares during the period. GAMMA Investing LLC grew its holdings in shares of Brookfield Asset Management by 4,745.0% in the first quarter. GAMMA Investing LLC now owns 18,750 shares of the financial services provider's stock valued at $908,000 after purchasing an additional 18,363 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Brookfield Asset Management by 231.4% in the first quarter. Versant Capital Management Inc now owns 2,714 shares of the financial services provider's stock valued at $131,000 after purchasing an additional 1,895 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Brookfield Asset Management by 7.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,148 shares of the financial services provider's stock worth $2,284,000 after buying an additional 2,914 shares during the period. Finally, Castle Rock Wealth Management LLC increased its stake in Brookfield Asset Management by 5.7% during the 4th quarter. Castle Rock Wealth Management LLC now owns 31,786 shares of the financial services provider's stock worth $1,902,000 after buying an additional 1,709 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on BAM shares. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Jefferies Financial Group lowered their target price on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley increased their price target on Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company lifted their price objective on Brookfield Asset Management from $54.00 to $55.00 and gave the company an "underweight" rating in a research note on Friday, May 23rd. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $59.15.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM traded up $0.65 during trading on Tuesday, hitting $55.70. 2,763,465 shares of the company were exchanged, compared to its average volume of 1,460,205. The firm's 50 day moving average price is $53.27 and its 200-day moving average price is $54.39. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The stock has a market capitalization of $89.82 billion, a P/E ratio of 42.20, a PEG ratio of 1.92 and a beta of 1.51.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.29 billion. As a group, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.4375 per share. The ex-dividend date is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a yield of 3.14%. Brookfield Asset Management's dividend payout ratio is presently 124.11%.

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.