Nomura Holdings Inc. Buys New Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Nomura Holdings Inc. acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,881 shares of the financial services provider's stock, valued at approximately $1,402,000.

Several other hedge funds have also bought and sold shares of BAM. Assenagon Asset Management S.A. purchased a new stake in Brookfield Asset Management in the 4th quarter valued at $215,000. Park Avenue Securities LLC grew its stake in Brookfield Asset Management by 4.4% in the 4th quarter. Park Avenue Securities LLC now owns 19,771 shares of the financial services provider's stock valued at $1,072,000 after buying an additional 837 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after purchasing an additional 319 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of Brookfield Asset Management by 166.9% in the fourth quarter. Ritholtz Wealth Management now owns 13,079 shares of the financial services provider's stock valued at $709,000 after acquiring an additional 8,179 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Brookfield Asset Management by 2.7% in the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Stock Down 0.6%

Shares of NYSE BAM traded down $0.32 during trading on Friday, reaching $56.92. 376,771 shares of the company traded hands, compared to its average volume of 1,386,807. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61. The stock has a market capitalization of $91.78 billion, a PE ratio of 43.19, a P/E/G ratio of 1.92 and a beta of 1.56. The firm has a 50 day simple moving average of $51.52 and a 200-day simple moving average of $54.37.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share 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 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Asset Management's dividend payout ratio is 124.11%.

Analysts Set New Price Targets

BAM has been the subject of a number of research reports. Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Morgan Stanley boosted their price objective on shares of 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. Hsbc Global Res raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Jefferies Financial Group reduced their target price on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Finally, TD Securities increased their price target on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.08.

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.