Brookfield Asset Management Ltd. (NYSE:BAM) Stock Holdings Decreased by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,348 shares of the financial services provider’s stock after selling 454 shares during the period. WCM Investment Management LLC’s holdings in Brookfield Asset Management were worth $861,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA grew its position in shares of Brookfield Asset Management by 180.4% during the 3rd quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock valued at $35,000 after buying an additional 680 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Brookfield Asset Management by 35.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 277 shares during the last quarter. Signaturefd LLC grew its position in Brookfield Asset Management by 106.4% in the 3rd quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 764 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in Brookfield Asset Management by 39.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 500 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Brookfield Asset Management by 21.9% in the 3rd quarter. Rhumbline Advisers now owns 1,844 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 331 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BAM has been the subject of several recent analyst reports. TD Securities decreased their target price on shares of Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets upped their price target on shares of Brookfield Asset Management from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, February 8th. CIBC upped their price target on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Scotiabank upped their price target on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the stock a “sector outperform” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada upped their price target on shares of Brookfield Asset Management from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

Brookfield Asset Management Stock Down 1.8 %

BAM stock opened at $39.38 on Monday. Brookfield Asset Management Ltd. has a 12-month low of $28.35 and a 12-month high of $43.00. The company has a market cap of $16.27 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 1.52 and a beta of 1.68. The company has a 50 day moving average of $41.13 and a two-hundred day moving average of $37.39.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. During the same quarter in the prior year, the business posted $0.31 EPS. On average, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.49 EPS for the current year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.86%. The ex-dividend date was Wednesday, February 28th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio (DPR) is 134.51%.

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.