Squarepoint Ops LLC Purchases Shares of 10,874 Brookfield Asset Management Ltd. (NYSE:BAM)

Squarepoint Ops LLC bought a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 10,874 shares of the financial services provider's stock, valued at approximately $589,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAM. FMR LLC boosted its stake in shares of Brookfield Asset Management by 2.3% in the fourth quarter. FMR LLC now owns 19,646,285 shares of the financial services provider's stock valued at $1,064,983,000 after purchasing an additional 447,642 shares during the period. Vanguard Group Inc. lifted its holdings in Brookfield Asset Management by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after buying an additional 263,660 shares in the last quarter. TD Asset Management Inc. boosted its position in Brookfield Asset Management by 8.9% in the 4th quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock valued at $903,323,000 after buying an additional 1,359,126 shares during the period. Capital International Investors grew its stake in shares of Brookfield Asset Management by 0.7% in the fourth quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider's stock worth $873,354,000 after acquiring an additional 116,008 shares in the last quarter. Finally, FIL Ltd grew its stake in shares of Brookfield Asset Management by 3.9% in the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider's stock worth $833,581,000 after acquiring an additional 574,978 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Trading Up 1.3%

Shares of NYSE:BAM traded up $0.72 on Friday, reaching $57.31. 418,258 shares of the company were exchanged, compared to its average volume of 1,435,776. The company has a 50-day moving average of $52.85 and a 200-day moving average of $54.38. The firm has a market cap of $92.41 billion, a price-to-earnings ratio of 43.45, a price-to-earnings-growth ratio of 1.92 and a beta of 1.56. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61.

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, hitting the consensus estimate 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%. As a group, analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Friday, May 30th. Brookfield Asset Management's payout ratio is 124.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. 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 note on Thursday, April 10th. Scotiabank lifted their price target on shares of Brookfield Asset Management from $58.00 to $59.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Brookfield Asset Management from $51.00 to $55.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. TD Securities raised their price objective on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, BMO Capital Markets lifted their price objective on shares of 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. Two analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $59.15.

About Brookfield Asset Management

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.