251,090 Shares in Brookfield Asset Management Ltd. $BAM Acquired by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP acquired a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 251,090 shares of the financial services provider’s stock, valued at approximately $11,161,000.

Several other hedge funds also recently bought and sold shares of BAM. Zions Bancorporation National Association UT increased its stake in Brookfield Asset Management by 241.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 345 shares during the period. LOM Asset Management Ltd purchased a new stake in shares of Brookfield Asset Management during the fourth quarter valued at $31,000. eCIO Inc. bought a new position in shares of Brookfield Asset Management in the fourth quarter worth about $42,000. Allworth Financial LP grew its holdings in shares of Brookfield Asset Management by 47.8% in the fourth quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 333 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Brookfield Asset Management by 709.8% in the 4th quarter. Fifth Third Bancorp now owns 1,069 shares of the financial services provider’s stock worth $56,000 after buying an additional 937 shares during the period. Institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BAM. Piper Sandler reiterated a “neutral” rating and set a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. JPMorgan Chase & Co. dropped 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 note on Wednesday, May 6th. Morgan Stanley set a $56.00 target price on shares of Brookfield Asset Management and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada decreased their price target on shares of Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating for the company in a research note on Monday, May 11th. Finally, Scotiabank reiterated an “outperform” rating and issued a $57.00 price target (up from $56.00) on shares of Brookfield Asset Management in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.03.

Brookfield Asset Management Stock Performance

BAM stock opened at $47.97 on Friday. Brookfield Asset Management Ltd. has a 1-year low of $42.20 and a 1-year high of $64.10. The business has a 50-day moving average price of $46.97 and a 200 day moving average price of $47.65. The company has a market capitalization of $78.59 billion, a P/E ratio of 31.15, a PEG ratio of 1.93 and a beta of 1.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. As a group, equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.76 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were given a $0.5025 dividend. This represents a $2.01 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is presently 130.52%.

Brookfield Asset Management Company Profile

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.