Nisa Investment Advisors LLC Sells 159,336 Shares of Brookfield Asset Management Ltd. $BAM

Key Points

• Nisa Investment Advisors LLC cut its stake in Brookfield Asset Management by 95.5% in Q4, selling 159,336 shares and leaving it with 7,543 shares valued at about $395,000.
• Brookfield increased its quarterly dividend to $0.5025 (annualized $2.01), implying a 4.5% yield, though the dividend payout ratio is elevated at 132.24%.
• Analysts' consensus rating is a Hold with a $63.18 target; JPMorgan recently raised its target to $72 (neutral) amid mixed buy/hold/sell opinions from other firms.

Nisa Investment Advisors LLC decreased its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 95.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,543 shares of the financial services provider's stock after selling 159,336 shares during the period. Nisa Investment Advisors LLC's holdings in Brookfield Asset Management were worth $395,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BAM. Focus Financial Network Inc. lifted its position in Brookfield Asset Management by 4.6% during the fourth quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider's stock worth $232,000 after acquiring an additional 194 shares during the last quarter. Clear Trail Advisors LLC acquired a new position in shares of Brookfield Asset Management in the fourth quarter valued at approximately $698,000. SG Americas Securities LLC increased its stake in shares of Brookfield Asset Management by 147.1% during the fourth quarter. SG Americas Securities LLC now owns 119,494 shares of the financial services provider's stock worth $6,260,000 after purchasing an additional 71,129 shares during the period. Maridea Wealth Management LLC lifted its holdings in Brookfield Asset Management by 24.9% during the 4th quarter. Maridea Wealth Management LLC now owns 18,670 shares of the financial services provider's stock worth $978,000 after purchasing an additional 3,717 shares during the last quarter. Finally, Gilbert & Cook Inc. lifted its holdings in Brookfield Asset Management by 12.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,274 shares of the financial services provider's stock worth $276,000 after purchasing an additional 581 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Analyst Ratings Changes

BAM has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price objective on Brookfield Asset Management from $68.00 to $72.00 and gave the company a "neutral" rating in a report on Thursday, February 5th. Piper Sandler raised shares of Brookfield Asset Management to a "hold" rating in a research report on Monday, March 23rd. Weiss Ratings restated a "buy (b-)" rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. Loop Capital set a $60.00 price target on shares of Brookfield Asset Management in a research report on Tuesday, January 6th. Finally, Zacks Research cut shares of Brookfield Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.18.

Brookfield Asset Management Trading Up 0.1%

Shares of BAM opened at $44.49 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. Brookfield Asset Management Ltd. has a 52-week low of $41.78 and a 52-week high of $64.10. The firm has a market cap of $72.89 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.57 and a beta of 1.38. The business's fifty day moving average is $47.46 and its 200-day moving average is $51.75.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.06. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.40 billion. Equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th were paid a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, February 27th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.44. Brookfield Asset Management's dividend payout ratio is 132.24%.

Brookfield Asset Management Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company's products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.

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