Mn Services Vermogensbeheer B.V. Buys 3,000 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Mn Services Vermogensbeheer B.V. raised its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 140,800 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Brookfield Asset Management were worth $7,632,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Hara Capital LLC bought a new position in shares of Brookfield Asset Management in the 3rd quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield Asset Management in the 3rd quarter worth $27,000. Versant Capital Management Inc increased its holdings in shares of Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after buying an additional 771 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after buying an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Brookfield Asset Management by 35.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock worth $66,000 after buying an additional 319 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Up 0.2 %

Shares of Brookfield Asset Management stock opened at $56.32 on Friday. The company’s fifty day simple moving average is $56.79 and its two-hundred day simple moving average is $52.30. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The firm has a market cap of $24.96 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.46.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. As a group, sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.11%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 132.58%.

Analyst Ratings Changes

Several equities analysts recently commented on BAM shares. TD Securities increased their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada increased their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. HSBC raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Keefe, Bruyette & Woods reduced their target price on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a report on Monday, January 13th. Finally, BMO Capital Markets increased their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Asset Management has an average rating of “Hold” and an average target price of $56.71.

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.