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

QV Investors Inc. trimmed its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,616 shares of the financial services provider's stock after selling 7,149 shares during the quarter. Brookfield Asset Management comprises approximately 2.0% of QV Investors Inc.'s portfolio, making the stock its 13th largest holding. QV Investors Inc.'s holdings in Brookfield Asset Management were worth $19,729,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BAM. NBC Securities Inc. raised its holdings in shares of Brookfield Asset Management by 104,200.0% during 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 period. Parallel Advisors LLC boosted 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 valued at $75,000 after acquiring an additional 719 shares during the last quarter. 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 during the period. 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 during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in Brookfield Asset Management by 7.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 42,148 shares of the financial services provider's stock worth $2,284,000 after purchasing an additional 2,914 shares during the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Up 0.7%

NYSE BAM traded up $0.39 during trading on Tuesday, hitting $56.48. The stock had a trading volume of 1,500,968 shares, compared to its average volume of 1,433,716. The company has a market capitalization of $91.08 billion, a PE ratio of 42.79, a PEG ratio of 1.92 and a beta of 1.56. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61. The firm has a 50 day moving average price of $52.40 and a 200 day moving average price of $54.34.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.29 billion. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. On average, sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, May 30th. Brookfield Asset Management's payout ratio is presently 124.11%.

Analysts Set New Price Targets

Several research firms have weighed in on BAM. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. BMO Capital Markets upped their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company a "market perform" rating in a report on Thursday, February 13th. Bank of America upgraded Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price objective for the company in a research report on Thursday, April 10th. Wells Fargo & Company lifted their target price on Brookfield Asset Management from $54.00 to $55.00 and gave the company an "underweight" rating in a research report on Friday, May 23rd. Finally, Scotiabank upped their price target on Brookfield Asset Management from $58.00 to $59.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $59.15.

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.