USS Investment Management Ltd Raises Position in Brookfield Asset Management Ltd. (NYSE:BAM)

USS Investment Management Ltd raised its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 60.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,561 shares of the financial services provider's stock after acquiring an additional 23,161 shares during the quarter. USS Investment Management Ltd's holdings in Brookfield Asset Management were worth $3,337,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BAM. FMR LLC grew its position in shares of Brookfield Asset Management by 2.3% during the fourth quarter. FMR LLC now owns 19,646,285 shares of the financial services provider's stock worth $1,064,983,000 after buying an additional 447,642 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Brookfield Asset Management by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider's stock worth $916,676,000 after purchasing an additional 263,660 shares during the period. TD Asset Management Inc. lifted its holdings in Brookfield Asset Management by 8.9% in the fourth quarter. TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider's stock worth $903,323,000 after purchasing an additional 1,359,126 shares during the period. Capital International Investors lifted its holdings in 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 purchasing an additional 116,008 shares during the period. Finally, FIL Ltd lifted its holdings in 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 purchasing an additional 574,978 shares during the period. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Trading Down 0.6%

Shares of NYSE:BAM traded down $0.31 during trading on Thursday, reaching $55.90. The company's stock had a trading volume of 534,808 shares, compared to its average volume of 1,400,649. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The firm's 50 day simple moving average is $52.11 and its two-hundred day simple moving average is $54.39. The stock has a market capitalization of $90.13 billion, a PE ratio of 42.27, 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 issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.40 EPS 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 net margin of 54.47% and a return on equity of 81.16%. Research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be given a dividend of $0.4375 per share. The ex-dividend date is Friday, May 30th. This represents a $1.75 dividend on an annualized basis and a yield of 3.13%. Brookfield Asset Management's dividend payout ratio is presently 124.11%.

Analyst Ratings Changes

BAM has been the topic of a number of research reports. Jefferies Financial Group dropped their target price on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a report on Tuesday, April 8th. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. TD Securities lifted their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. HSBC upgraded Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their target price on Brookfield Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned 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 an average rating of "Moderate Buy" and an average 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.