Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC increased its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 75.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,650 shares of the financial services provider’s stock after buying an additional 4,996 shares during the period. Foundations Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $631,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hara Capital LLC acquired a new position in Brookfield Asset Management during the 3rd quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Brookfield Asset Management in the 3rd quarter valued at approximately $27,000. Versant Capital Management Inc raised its stake in Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 771 shares in the last quarter. Continuum Advisory LLC boosted its position in Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 329 shares during the period. Finally, Quent Capital LLC grew its stake in shares of Brookfield Asset Management by 62.1% in the third quarter. Quent Capital LLC now owns 1,135 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 435 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Trading Down 1.0 %

BAM opened at $60.73 on Friday. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The stock has a fifty day moving average price of $56.22 and a 200 day moving average price of $49.76. The stock has a market cap of $26.91 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 2.15 and a beta of 1.45.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. During the same quarter last year, the firm earned $0.35 earnings per share. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.45 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 Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.38 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.50%. Brookfield Asset Management’s dividend payout ratio is currently 134.51%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price target on Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods decreased their target price on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company dropped their price target on shares of Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, CIBC increased their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.13.

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.