Nykredit A S Invests $3.45 Million in Brookfield Asset Management Ltd. $BAM

Key Points

• Nykredit A/S purchased 76,963 shares of Brookfield Asset Management in the second quarter, valued at approximately $3.45 million. Institutional investors collectively own 68.41% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, five Buy, six Hold and one Sell rating. The consensus rating is “Hold,” with an average price target of $58.65 versus the stock’s recent price of $50.57.
• Brookfield exceeded quarterly expectations, reporting adjusted earnings of $0.44 per share and revenue of $1.49 billion. The company also declared a quarterly dividend of $0.5025 per share, representing a 4.0% annualized yield.

Nykredit A S purchased a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 76,963 shares of the financial services provider's stock, valued at approximately $3,451,000.

Several other institutional investors have also added to or reduced their stakes in BAM. Trust Co. of Vermont bought a new position in Brookfield Asset Management during the 2nd quarter worth $25,000. Zions Bancorporation National Association UT boosted its position in shares of Brookfield Asset Management by 241.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 345 shares during the period. Allied Private Wealth LLC bought a new stake in shares of Brookfield Asset Management in the second quarter valued at about $40,000. Allworth Financial LP grew its stake in shares of Brookfield Asset Management by 47.8% in the fourth quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 333 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Brookfield Asset Management by 709.8% in the fourth quarter. Fifth Third Bancorp now owns 1,069 shares of the financial services provider's stock valued at $56,000 after acquiring an additional 937 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Canadian Imperial Bank of Commerce set a $62.50 price objective on shares of Brookfield Asset Management in a research note on Monday, May 11th. Wall Street Zen raised shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Scotiabank restated an "outperform" rating and set a $59.00 target price on shares of Brookfield Asset Management in a research report on Thursday, August 6th. National Bank Financial raised their target price on shares of Brookfield Asset Management from $69.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Royal Bank Of Canada dropped their price target on shares of Brookfield Asset Management from $74.00 to $65.00 and set an "outperform" rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $58.65.

Brookfield Asset Management Stock Down 0.1%

Shares of NYSE BAM opened at $50.57 on Monday. The stock has a market capitalization of $82.84 billion, a P/E ratio of 29.40, a PEG ratio of 2.07 and a beta of 1.27. The stock's fifty day moving average is $49.56 and its 200 day moving average is $47.79. Brookfield Asset Management Ltd. has a 52 week low of $42.20 and a 52 week high of $62.57. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The business had revenue of $1.49 billion during the quarter, compared to analysts' expectations of $1.47 billion. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.50%. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.77 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Asset Management's dividend payout ratio is 116.86%.

Brookfield Asset Management Company 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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