Asset Management One Co. Ltd. Raises Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Asset Management One Co. Ltd. lifted its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 127.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,914 shares of the financial services provider's stock after buying an additional 35,300 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Brookfield Asset Management were worth $2,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAM. Private Trust Co. NA raised its stake in shares of Brookfield Asset Management by 180.4% in the third quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider's stock worth $35,000 after purchasing an additional 680 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Brookfield Asset Management by 35.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider's stock worth $47,000 after acquiring an additional 277 shares during the last quarter. Signaturefd LLC lifted its position in Brookfield Asset Management by 106.4% during the third quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider's stock worth $49,000 after buying an additional 764 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Brookfield Asset Management by 39.6% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider's stock worth $59,000 after buying an additional 500 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Brookfield Asset Management by 21.9% during the third quarter. Rhumbline Advisers now owns 1,844 shares of the financial services provider's stock worth $61,000 after buying an additional 331 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Brookfield Asset Management from $34.00 to $36.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. Royal Bank of Canada upped their price objective on Brookfield Asset Management from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Thursday, February 8th. TD Securities reduced their price objective on Brookfield Asset Management from $52.00 to $49.00 and set an "action list buy" rating for the company in a research note on Tuesday, January 9th. Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a "hold" rating to a "buy" rating and upped their price objective for the company from $33.00 to $45.00 in a research note on Monday, December 18th. Finally, HSBC downgraded Brookfield Asset Management from a "buy" rating to a "hold" rating in a research note on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of "Moderate Buy" and an average target price of $42.20.

Brookfield Asset Management Stock Down 1.8 %

Shares of Brookfield Asset Management stock traded down $0.74 during trading hours on Friday, hitting $39.38. 1,449,022 shares of the company's stock traded hands, compared to its average volume of 1,073,677. The company has a market cap of $16.27 billion, a PE ratio of 34.85, a PEG ratio of 1.54 and a beta of 1.68. Brookfield Asset Management Ltd. has a twelve month low of $28.35 and a twelve month high of $43.00. The stock has a 50 day simple moving average of $41.13 and a 200-day simple moving average of $37.36.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. The business had revenue of $1.13 billion during the quarter. During the same quarter last year, the business posted $0.31 earnings per share. As a group, equities research analysts predict that Brookfield Asset Management Ltd. will post 1.49 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.32. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Asset Management's payout ratio is presently 134.51%.

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.