Mcdonald Capital Investors Inc. CA Has $20.27 Million Stock Holdings in Brookfield Asset Management Ltd. $BAM

Mcdonald Capital Investors Inc. CA lessened its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 366,595 shares of the financial services provider’s stock after selling 12,203 shares during the quarter. Brookfield Asset Management comprises about 1.3% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 16th largest holding. Mcdonald Capital Investors Inc. CA’s holdings in Brookfield Asset Management were worth $20,265,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC lifted its stake in shares of Brookfield Asset Management by 36.6% during the 1st quarter. Cerity Partners LLC now owns 29,482 shares of the financial services provider’s stock worth $1,428,000 after buying an additional 7,901 shares during the last quarter. Teacher Retirement System of Texas increased its position in Brookfield Asset Management by 9.9% during the first quarter. Teacher Retirement System of Texas now owns 68,700 shares of the financial services provider’s stock worth $3,329,000 after acquiring an additional 6,200 shares during the period. Vanguard Group Inc. increased its position in Brookfield Asset Management by 1.8% during the first quarter. Vanguard Group Inc. now owns 17,204,794 shares of the financial services provider’s stock worth $832,833,000 after acquiring an additional 302,852 shares during the period. Jump Financial LLC bought a new position in Brookfield Asset Management during the first quarter worth about $629,000. Finally, Canada Pension Plan Investment Board increased its position in Brookfield Asset Management by 9.8% during the first quarter. Canada Pension Plan Investment Board now owns 1,096,412 shares of the financial services provider’s stock worth $53,083,000 after acquiring an additional 97,445 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Trading Up 1.1%

Shares of Brookfield Asset Management stock opened at $54.38 on Friday. The company has a market capitalization of $89.05 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.03 and a beta of 1.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. Brookfield Asset Management Ltd. has a 12-month low of $41.78 and a 12-month high of $64.10. The firm’s 50-day moving average price is $57.91 and its two-hundred day moving average price is $56.88.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.29 billion. On average, analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Friday, August 29th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, August 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 117.45%.

Analysts Set New Price Targets

BAM has been the topic of a number of recent research reports. TD Securities raised their price target on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Scotiabank raised their price target on shares of Brookfield Asset Management from $66.00 to $67.25 and gave the stock a “sector outperform” rating in a research report on Thursday, August 7th. Bank of America lowered shares of Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research report on Thursday, September 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $58.00 price target on shares of Brookfield Asset Management in a research report on Thursday, August 7th. Finally, Wells Fargo & Company increased their price objective on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the stock an “underweight” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Brookfield Asset Management 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.