QV Investors Inc. Lowers Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

QV Investors Inc. lowered its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 1.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 407,616 shares of the financial services provider's stock after selling 7,149 shares during the period. Brookfield Asset Management accounts for approximately 2.0% of QV Investors Inc.'s portfolio, making the stock its 13th biggest holding. QV Investors Inc.'s holdings in Brookfield Asset Management were worth $19,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NBC Securities Inc. increased its stake in shares of Brookfield Asset Management by 104,200.0% in the 1st quarter. NBC Securities Inc. now owns 6,258 shares of the financial services provider's stock worth $303,000 after acquiring an additional 6,252 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Brookfield Asset Management by 85.7% during the 1st 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 last quarter. GAMMA Investing LLC increased its position in shares of Brookfield Asset Management by 4,745.0% during the 1st quarter. GAMMA Investing LLC now owns 18,750 shares of the financial services provider's stock worth $908,000 after purchasing an additional 18,363 shares during the last quarter. Versant Capital Management Inc raised its holdings in Brookfield Asset Management by 231.4% in the 1st quarter. Versant Capital Management Inc now owns 2,714 shares of the financial services provider's stock valued at $131,000 after buying an additional 1,895 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Brookfield Asset Management by 7.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 42,148 shares of the financial services provider's stock valued at $2,284,000 after buying an additional 2,914 shares during the period. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BAM. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target for the company in a report on Thursday, April 10th. Scotiabank increased their price target on Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets increased their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the stock a "market perform" rating in a research report on Thursday, February 13th. Finally, TD Securities raised their price target on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $59.15.

Brookfield Asset Management Trading Up 0.4%

NYSE:BAM traded up $0.21 during trading hours on Thursday, hitting $56.80. 379,676 shares of the company were exchanged, compared to its average volume of 1,433,351. The company has a fifty day simple moving average of $52.68 and a 200 day simple moving average of $54.37. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $62.61. The stock has a market capitalization of $91.59 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.29 billion. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. Equities research analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.4375 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.08%. Brookfield Asset Management's dividend payout ratio is currently 124.11%.

Brookfield Asset Management Company 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.