Brookfield Asset Management Ltd. (NYSE:BAM) Stock Holdings Trimmed by Forsta AP Fonden

Forsta AP Fonden lowered its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 187,900 shares of the financial services provider’s stock after selling 26,300 shares during the quarter. Forsta AP Fonden’s holdings in Brookfield Asset Management were worth $10,185,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in Brookfield Asset Management by 0.4% during the third quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider’s stock worth $2,201,000 after purchasing an additional 188 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 2.7% in the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider’s stock valued at $505,000 after buying an additional 249 shares during the period. Pathstone Holdings LLC grew its position in shares of Brookfield Asset Management by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock valued at $1,379,000 after buying an additional 278 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in Brookfield Asset Management by 5.0% during the third quarter. Foundations Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $315,000 after acquiring an additional 315 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Brookfield Asset Management by 35.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Analyst Upgrades and Downgrades

BAM has been the subject of several recent research reports. Wells Fargo & Company lowered their target price on Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. CIBC lifted their price target on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. UBS Group started coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They issued a “buy” rating for the company. Scotiabank lifted their price objective on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the company a “sector outperform” rating in a research note on Tuesday, November 5th. Finally, TD Securities boosted their price objective on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $56.13.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock opened at $60.73 on Friday. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company has a market capitalization of $26.91 billion, a price-to-earnings ratio of 53.74, a P/E/G ratio of 2.15 and a beta of 1.45. The business has a fifty day simple moving average of $56.22 and a two-hundred day simple moving average of $49.76.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same quarter in the prior year, the business earned $0.35 earnings per share. As a group, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.50%. Brookfield Asset Management’s dividend payout ratio is presently 134.51%.

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.