Brookfield Asset Management Ltd. (NYSE:BAM) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its stake in Brookfield Asset Management Ltd. (NYSE:BAMFree Report) (TSE:BAM.A) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,535 shares of the financial services provider’s stock after purchasing an additional 865 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Brookfield Asset Management were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Summitry LLC purchased a new position in Brookfield Asset Management during the 3rd quarter valued at about $4,133,000. NBC Securities Inc. purchased a new position in Brookfield Asset Management during the 3rd quarter valued at about $195,000. Signaturefd LLC grew its stake in Brookfield Asset Management by 106.4% during the 3rd quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 764 shares in the last quarter. Corient Private Wealth LLC grew its stake in Brookfield Asset Management by 4.8% during the 3rd quarter. Corient Private Wealth LLC now owns 1,014,180 shares of the financial services provider’s stock valued at $33,813,000 after acquiring an additional 46,138 shares in the last quarter. Finally, America First Investment Advisors LLC grew its stake in Brookfield Asset Management by 107.3% during the 3rd quarter. America First Investment Advisors LLC now owns 338,692 shares of the financial services provider’s stock valued at $11,292,000 after acquiring an additional 175,316 shares in the last quarter. Hedge funds and other institutional investors own 61.92% of the company’s stock.

Brookfield Asset Management Stock Performance

BAM opened at $40.39 on Friday. The business has a 50 day moving average price of $38.86 and a 200 day moving average price of $35.12. Brookfield Asset Management Ltd. has a twelve month low of $28.35 and a twelve month high of $41.22. The firm has a market cap of $16.68 billion, a P/E ratio of 35.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.79.

Brookfield Asset Management (NYSE:BAMGet Free Report) (TSE:BAM.A) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a return on equity of 94.72% and a net margin of 50.23%. During the same period in the prior year, the firm earned $0.31 earnings per share. As a group, analysts anticipate that Brookfield Asset Management Ltd. will post 1.53 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a $0.38 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. This represents a $1.52 annualized dividend and a yield of 3.76%. The ex-dividend date is Wednesday, February 28th. Brookfield Asset Management’s payout ratio is currently 113.27%.

Wall Street Analyst Weigh In

BAM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a “hold” rating to a “buy” rating and lifted their target price for the company from $33.00 to $45.00 in a research note on Monday, December 18th. TD Securities reduced their price target on Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a report on Tuesday, January 9th. HSBC lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. CIBC lifted their price target on Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Royal Bank of Canada lifted their price target on Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Brookfield Asset Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

View Our Latest Report on Brookfield Asset Management

About Brookfield Asset Management

(Free Report)

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.

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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