Tower Research Capital LLC TRC Has $299,000 Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Tower Research Capital LLC TRC lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 48.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,511 shares of the financial services provider's stock after selling 5,109 shares during the period. Tower Research Capital LLC TRC's holdings in Brookfield Asset Management were worth $299,000 at the end of the most recent quarter.

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

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $54.79 on Friday. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company's fifty day simple moving average is $49.67 and its two-hundred day simple moving average is $53.87. The stock has a market capitalization of $89.71 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 1.92 and a beta of 1.63.

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

Brookfield Asset Management Increases Dividend

The company also recently disclosed 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 positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.19%. Brookfield Asset Management's dividend payout ratio is 132.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a report on Monday, January 13th. Wells Fargo & Company cut their target price on Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. TD Securities decreased their price target on Brookfield Asset Management from $68.00 to $64.00 and set a "buy" rating for the company in a research report on Wednesday. CIBC boosted their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $57.00.

About Brookfield Asset Management

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.

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