UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 21.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 237,037 shares of the financial services provider's stock after selling 66,066 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.05% of Brookfield Asset Management worth $12,845,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BAM. Geneos Wealth Management Inc. acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at about $195,000. Foundations Investment Advisors LLC lifted its holdings in shares of Brookfield Asset Management by 75.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 11,650 shares of the financial services provider's stock worth $631,000 after purchasing an additional 4,996 shares during the last quarter. SOL Capital Management CO lifted its holdings in shares of Brookfield Asset Management by 5.6% in the 4th quarter. SOL Capital Management CO now owns 31,616 shares of the financial services provider's stock worth $1,713,000 after purchasing an additional 1,673 shares during the last quarter. Mediolanum International Funds Ltd bought a new stake in Brookfield Asset Management during the 4th quarter valued at $477,000. Finally, Tandem Capital Management Corp ADV raised its stake in Brookfield Asset Management by 0.4% during the 4th quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after acquiring an additional 175 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock traded down $0.21 during trading hours on Monday, hitting $55.89. 944,176 shares of the stock traded hands, compared to its average volume of 1,425,583. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The stock has a market capitalization of $90.13 billion, a price-to-earnings ratio of 42.35, a P/E/G ratio of 1.92 and a beta of 1.56. The firm's 50 day moving average price is $52.29 and its 200-day moving average price is $54.34.

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 for the quarter, hitting analysts' consensus estimates of $0.40. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.29 billion. Research analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, May 30th. Brookfield Asset Management's dividend payout ratio (DPR) is 124.11%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lifted their target price on Brookfield Asset Management from $54.00 to $55.00 and gave the stock an "underweight" rating in a report on Friday, May 23rd. Jefferies Financial Group decreased their price target on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a research note on Tuesday, April 8th. TD Securities lifted their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Finally, Wall Street Zen raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management presently has a consensus 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.