UBS Group AG Sells 330,814 Shares of Brookfield Asset Management Ltd. $BAM

Key Points

• UBS Group AG cut its stake in Brookfield Asset Management by 36.8% in the fourth quarter, selling 330,814 shares and leaving it with 567,780 shares valued at about $29.7 million.
• Brookfield posted strong first-quarter results, reporting EPS of $0.43 versus the $0.41 estimate, with fee-related earnings up 11% year over year and $21 billion of fundraising in the quarter.
• The company also declared a quarterly dividend of $0.5025 per share, implying a 4.0% annualized yield, while analyst sentiment remains mixed with a consensus rating of “Hold” and an average price target of $61.06.

UBS Group AG lowered its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 36.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 567,780 shares of the financial services provider's stock after selling 330,814 shares during the period. UBS Group AG's holdings in Brookfield Asset Management were worth $29,746,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BAM. LOM Asset Management Ltd bought a new stake in shares of Brookfield Asset Management in the fourth quarter worth $31,000. eCIO Inc. bought a new stake in shares of Brookfield Asset Management in the fourth quarter worth $42,000. Assetmark Inc. grew its holdings in shares of Brookfield Asset Management by 95.9% in the third quarter. Assetmark Inc. now owns 807 shares of the financial services provider's stock worth $46,000 after acquiring an additional 395 shares during the period. Cary Street Partners Financial LLC grew its holdings in shares of Brookfield Asset Management by 227.5% in the third quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider's stock worth $46,000 after acquiring an additional 562 shares during the period. Finally, TD Private Client Wealth LLC grew its holdings in shares of Brookfield Asset Management by 1,123.5% in the third quarter. TD Private Client Wealth LLC now owns 832 shares of the financial services provider's stock worth $47,000 after acquiring an additional 764 shares during the period. Institutional investors own 68.41% of the company's stock.

Key Headlines Impacting Brookfield Asset Management

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: BAM reported first-quarter earnings of $0.43 per share, topping estimates, with fee-related earnings up 11% year over year to $772 million and fund raising of $21 billion in the quarter. Brookfield Asset Management Announces Strong First Quarter Results
• Positive Sentiment: The company also announced a quarterly dividend of $0.5025 per share, implying a 4.0% annualized yield, which may support investor interest in the stock. MarketBeat BAM page
• Neutral Sentiment: JPMorgan maintained a neutral view on BAM and lowered its price target to $60 from $72, signaling some caution despite the company’s solid fundamentals. J.P. Morgan Remains a Hold on Brookfield Asset Management Ltd. Class A (BAM)
• Neutral Sentiment: Brookfield also completed its acquisition of Peakstone Realty Trust, expanding its industrial real estate platform, though the immediate stock impact is likely limited. Brookfield Completes Acquisition of Peakstone Realty Trust

Analysts Set New Price Targets

Several analysts recently commented on BAM shares. Piper Sandler cut their price objective on Brookfield Asset Management from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, April 7th. BMO Capital Markets raised Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 5th. Wall Street Zen raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Saturday, January 10th. Morgan Stanley cut their price objective on Brookfield Asset Management from $63.00 to $62.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. Finally, Zacks Research lowered Brookfield Asset Management from a "strong-buy" rating to a "hold" rating in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $61.06.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $49.71 on Friday. The stock has a 50-day simple moving average of $45.90 and a two-hundred day simple moving average of $50.13. Brookfield Asset Management Ltd. has a 52-week low of $42.20 and a 52-week high of $64.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $81.44 billion, a PE ratio of 32.28, a P/E/G ratio of 2.05 and a beta of 1.28.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%.The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.43 billion. Analysts forecast that Brookfield Asset Management Ltd. will post 1.73 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a $0.5025 dividend. This represents a $2.01 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management's payout ratio is presently 132.24%.

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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