Brookfield Asset Management Ltd. $BAM Shares Sold by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC lowered its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 28.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,850 shares of the financial services provider’s stock after selling 5,050 shares during the period. Quinn Opportunity Partners LLC’s holdings in Brookfield Asset Management were worth $710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of BAM. Caitong International Asset Management Co. Ltd lifted its position in shares of Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 432 shares in the last quarter. Truvestments Capital LLC lifted its holdings in shares of Brookfield Asset Management by 85.5% in the 1st quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 432 shares during the last quarter. Larson Financial Group LLC increased its holdings in Brookfield Asset Management by 1,079.6% in the 1st quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,004 shares during the last quarter. DHJJ Financial Advisors Ltd. raised its position in Brookfield Asset Management by 100,000.0% in the second quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,000 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in Brookfield Asset Management by 127.7% during the second quarter. First Horizon Advisors Inc. now owns 995 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 558 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Trading Up 1.2%

NYSE:BAM opened at $54.73 on Thursday. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The stock has a market cap of $89.63 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.04 and a beta of 1.38. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a 50-day simple moving average of $56.36 and a 200-day simple moving average of $57.41.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%. As a group, analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, November 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 109.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $62.00 price objective on Brookfield Asset Management in a research note on Monday, October 13th. CIBC raised their target price on Brookfield Asset Management from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Piper Sandler cut their price target on shares of Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, September 11th. TD Securities raised their price objective on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, BMO Capital Markets upped their target price on shares of Brookfield Asset Management from $53.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Two investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.23.

Brookfield Asset Management Company 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.