Brookfield Asset Management Ltd. (NYSE:BAM) Stock Holdings Increased by Stifel Financial Corp

Stifel Financial Corp raised its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,724 shares of the financial services provider's stock after acquiring an additional 7,342 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Brookfield Asset Management worth $12,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC increased its stake in shares of Brookfield Asset Management by 487.2% during the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock worth $27,000 after purchasing an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. purchased a new position in Brookfield Asset Management during the fourth quarter worth $32,000. Versant Capital Management Inc raised its holdings in shares of Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after acquiring an additional 771 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 325 shares in the last quarter. Finally, Redwood Park Advisors LLC purchased a new stake in Brookfield Asset Management during the 4th quarter worth about $64,000. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BAM. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Scotiabank lowered their price objective on Brookfield Asset Management from $62.50 to $58.00 and set a "sector outperform" rating for the company in a research report on Monday, April 7th. StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. TD Securities cut their price objective on shares of Brookfield Asset Management from $68.00 to $64.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, CIBC boosted their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

Brookfield Asset Management Price Performance

BAM traded down $0.51 on Wednesday, reaching $53.31. The company's stock had a trading volume of 2,443,883 shares, compared to its average volume of 1,447,086. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The business's 50 day moving average is $49.91 and its 200 day moving average is $53.80. The stock has a market cap of $87.29 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. As a group, research analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.28%. Brookfield Asset Management's dividend payout ratio (DPR) is 132.58%.

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.