Partners Group Holding AG Invests $12.15 Million in Brookfield Asset Management Ltd. $BAM

Partners Group Holding AG bought a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 231,951 shares of the financial services provider’s stock, valued at approximately $12,152,000. Brookfield Asset Management makes up approximately 0.8% of Partners Group Holding AG’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors have also made changes to their positions in the company. LOM Asset Management Ltd acquired a new position in shares of Brookfield Asset Management during the fourth quarter worth $31,000. eCIO Inc. acquired a new position in shares of Brookfield Asset Management during the fourth quarter worth $42,000. Assetmark Inc. lifted its position in shares of Brookfield Asset Management by 95.9% during the third quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 395 shares in the last quarter. Cary Street Partners Financial LLC lifted its position in shares of Brookfield Asset Management by 227.5% during the third quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 562 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of Brookfield Asset Management by 38.0% during the third quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 233 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

Shares of BAM opened at $47.03 on Wednesday. The business’s 50 day moving average is $46.09 and its two-hundred day moving average is $49.79. Brookfield Asset Management Ltd. has a 52-week low of $42.20 and a 52-week high of $64.10. The firm has a market cap of $77.04 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.97 and a beta of 1.28. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.43 billion. Analysts forecast that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is currently 130.52%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BAM. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings lowered Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Canadian Imperial Bank of Commerce set a $62.50 target price on Brookfield Asset Management in a research report on Monday, May 11th. Zacks Research lowered Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.21.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.