Brookfield Asset Management Ltd. $BAM Shares Sold by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 16.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 154,231 shares of the financial services provider’s stock after selling 30,118 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Brookfield Asset Management were worth $8,080,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in BAM. Vanguard Group Inc. boosted its stake in Brookfield Asset Management by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 17,723,182 shares of the financial services provider’s stock worth $928,414,000 after purchasing an additional 297,790 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Brookfield Asset Management by 2.0% in the 4th quarter. TD Asset Management Inc now owns 15,769,066 shares of the financial services provider’s stock worth $827,135,000 after acquiring an additional 315,036 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Brookfield Asset Management by 7.3% during the fourth quarter. Principal Financial Group Inc. now owns 7,863,457 shares of the financial services provider’s stock worth $411,972,000 after buying an additional 533,639 shares during the period. Norges Bank purchased a new position in Brookfield Asset Management during the 4th quarter valued at about $263,444,000. Finally, CIBC Asset Management Inc grew its holdings in shares of Brookfield Asset Management by 99.1% in the fourth quarter. CIBC Asset Management Inc now owns 4,853,861 shares of the financial services provider’s stock valued at $255,449,000 after purchasing an additional 2,415,593 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BAM. Wall Street Zen downgraded shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Canadian Imperial Bank of Commerce set a $62.50 price target on Brookfield Asset Management in a report on Monday, May 11th. UBS Group set a $52.00 price target on Brookfield Asset Management in a report on Friday, February 20th. Zacks Research lowered shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock opened at $47.14 on Wednesday. Brookfield Asset Management Ltd. has a one year low of $42.20 and a one year high of $64.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38. The business has a fifty day moving average of $47.26 and a two-hundred day moving average of $49.26. The company has a market cap of $77.21 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 1.85 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Friday, May 8th. The financial services provider reported $0.43 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 during the quarter, compared to the consensus estimate of $1.43 billion. As a group, analysts predict that Brookfield Asset Management Ltd. will post 1.75 earnings per share 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. Stockholders of record on Friday, May 29th will be given a $0.5025 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.3%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 130.52%.

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.