Capital International Sarl Has $6.92 Million Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Capital International Sarl cut its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 172,275 shares of the financial services provider’s stock after selling 18,078 shares during the quarter. Capital International Sarl’s holdings in Brookfield Asset Management were worth $6,920,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Brookfield Asset Management by 4.7% in the 4th quarter. NBC Securities Inc. now owns 6,139 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 277 shares in the last quarter. Jackson Hole Capital Partners LLC grew its stake in shares of Brookfield Asset Management by 3.1% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 9,770 shares of the financial services provider’s stock valued at $392,000 after buying an additional 291 shares during the period. Procyon Advisors LLC raised its stake in Brookfield Asset Management by 5.9% during the 4th quarter. Procyon Advisors LLC now owns 8,291 shares of the financial services provider’s stock worth $333,000 after buying an additional 461 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Brookfield Asset Management by 39.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Brookfield Asset Management by 1.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 36,293 shares of the financial services provider’s stock valued at $1,185,000 after buying an additional 617 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

BAM traded up $0.46 during midday trading on Wednesday, reaching $39.54. 818,975 shares of the company’s stock traded hands, compared to its average volume of 1,443,239. Brookfield Asset Management Ltd. has a 52 week low of $28.35 and a 52 week high of $43.00. The firm has a fifty day moving average of $39.88 and a two-hundred day moving average of $39.45. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of 36.19, a P/E/G ratio of 1.77 and a beta of 1.67.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Brookfield Asset Management had a net margin of 49.36% and a return on equity of 98.98%. The business had revenue of $884.00 million for the quarter. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 3.84%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 140.74%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Thursday, February 8th. Scotiabank dropped their target price on Brookfield Asset Management from $47.00 to $44.50 and set a “sector outperform” rating on the stock in a research report on Thursday, May 9th. JPMorgan Chase & Co. began coverage on Brookfield Asset Management in a research report on Wednesday, May 15th. They issued a “neutral” rating and a $41.00 price target for the company. Finally, Royal Bank of Canada increased their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.14.

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.