Sather Financial Group Inc Has $26.72 Million Stock Position in Brookfield Asset Management Ltd. $BAM

Sather Financial Group Inc lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,377 shares of the financial services provider’s stock after selling 4,310 shares during the period. Brookfield Asset Management accounts for 1.6% of Sather Financial Group Inc’s holdings, making the stock its 23rd largest holding. Sather Financial Group Inc’s holdings in Brookfield Asset Management were worth $26,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kirr Marbach & Co. LLC IN boosted its position in Brookfield Asset Management by 0.6% in the first quarter. Kirr Marbach & Co. LLC IN now owns 35,400 shares of the financial services provider’s stock valued at $1,715,000 after buying an additional 203 shares in the last quarter. Lincoln Capital LLC boosted its position in Brookfield Asset Management by 0.9% in the first quarter. Lincoln Capital LLC now owns 23,151 shares of the financial services provider’s stock valued at $1,145,000 after buying an additional 210 shares in the last quarter. Focus Financial Network Inc. boosted its position in Brookfield Asset Management by 5.2% in the first quarter. Focus Financial Network Inc. now owns 4,442 shares of the financial services provider’s stock valued at $215,000 after buying an additional 218 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Brookfield Asset Management by 17.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,015 shares of the financial services provider’s stock valued at $98,000 after buying an additional 299 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Brookfield Asset Management by 3.2% in the first quarter. Advisors Asset Management Inc. now owns 10,171 shares of the financial services provider’s stock valued at $493,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $55.06 on Friday. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The firm has a fifty day simple moving average of $59.29 and a 200 day simple moving average of $56.32. The company has a market capitalization of $90.18 billion, a PE ratio of 36.95, a P/E/G ratio of 2.03 and a beta of 1.39. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, August 6th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.29 billion. On average, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, August 29th. Brookfield Asset Management’s payout ratio is 117.45%.

Wall Street Analysts Forecast Growth

BAM has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the company an “underweight” rating in a research report on Friday, July 11th. CIBC lifted their price target on shares of Brookfield Asset Management from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Bank of America lowered shares of Brookfield Asset Management from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a report on Thursday, September 4th. TD Securities lifted their price target on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, National Bank Financial initiated coverage on shares of Brookfield Asset Management in a report on Tuesday, July 29th. They set an “outperform” rating and a $71.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.52.

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.