Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by Colonial Trust Advisors

Colonial Trust Advisors increased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 90,112 shares of the financial services provider’s stock after acquiring an additional 818 shares during the quarter. Colonial Trust Advisors’ holdings in Brookfield Asset Management were worth $4,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BAM. Faithward Advisors LLC purchased a new stake in Brookfield Asset Management in the 4th quarter valued at about $207,000. APG Asset Management N.V. acquired a new position in Brookfield Asset Management in the fourth quarter valued at approximately $11,700,000. FIL Ltd boosted its holdings in shares of Brookfield Asset Management by 3.9% in the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider’s stock valued at $833,581,000 after acquiring an additional 574,978 shares during the period. Bank of Montreal Can boosted its holdings in shares of Brookfield Asset Management by 3.7% in the fourth quarter. Bank of Montreal Can now owns 9,575,446 shares of the financial services provider’s stock valued at $518,655,000 after acquiring an additional 339,072 shares during the period. Finally, FMR LLC raised its stake in shares of Brookfield Asset Management by 2.3% during the fourth quarter. FMR LLC now owns 19,646,285 shares of the financial services provider’s stock worth $1,064,983,000 after purchasing an additional 447,642 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of BAM opened at $47.62 on Thursday. The company has a market cap of $77.97 billion, a P/E ratio of 36.08, a PEG ratio of 1.92 and a beta of 1.63. The stock has a fifty day moving average price of $52.33 and a 200 day moving average price of $53.58. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were paid a $0.4375 dividend. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.67%. Brookfield Asset Management’s dividend payout ratio is presently 132.58%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a research report on Monday, January 13th. CIBC increased their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. HSBC raised Brookfield Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. StockNews.com cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Monday. Finally, Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $57.75.

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.