2Xideas AG Has $19.80 Million Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

2Xideas AG cut its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 471,000 shares of the financial services provider’s stock after selling 65,600 shares during the quarter. Brookfield Asset Management accounts for 2.4% of 2Xideas AG’s investment portfolio, making the stock its 7th largest holding. 2Xideas AG owned about 0.11% of Brookfield Asset Management worth $19,804,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Partners Value Investments L.P. lifted its holdings in shares of Brookfield Asset Management by 0.9% in the 4th quarter. Partners Value Investments L.P. now owns 30,807,960 shares of the financial services provider’s stock worth $1,237,556,000 after purchasing an additional 280,098 shares in the last quarter. Capital World Investors grew its holdings in shares of Brookfield Asset Management by 10.0% in the fourth quarter. Capital World Investors now owns 24,562,364 shares of the financial services provider’s stock valued at $986,656,000 after acquiring an additional 2,241,372 shares in the last quarter. TD Asset Management Inc increased its position in shares of Brookfield Asset Management by 8.6% during the first quarter. TD Asset Management Inc now owns 12,486,721 shares of the financial services provider’s stock valued at $525,028,000 after acquiring an additional 988,538 shares during the last quarter. FIL Ltd lifted its holdings in Brookfield Asset Management by 66.1% during the fourth quarter. FIL Ltd now owns 11,314,071 shares of the financial services provider’s stock worth $454,424,000 after acquiring an additional 4,501,410 shares during the period. Finally, Vanguard Group Inc. boosted its position in Brookfield Asset Management by 1.8% in the first quarter. Vanguard Group Inc. now owns 10,760,414 shares of the financial services provider’s stock worth $452,153,000 after purchasing an additional 186,765 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock traded up $1.05 during trading hours on Tuesday, reaching $43.26. The company had a trading volume of 1,226,067 shares, compared to its average volume of 1,343,448. Brookfield Asset Management Ltd. has a one year low of $28.35 and a one year high of $43.42. The firm has a market cap of $19.20 billion, a PE ratio of 40.06, a price-to-earnings-growth ratio of 1.96 and a beta of 1.63. The business has a fifty day simple moving average of $39.45 and a 200 day simple moving average of $40.04.

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

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, May 31st. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 140.74%.

Analysts Set New Price Targets

A number of research firms have recently commented on BAM. JPMorgan Chase & Co. started coverage on Brookfield Asset Management in a research note on Wednesday, May 15th. They set a “neutral” rating and a $41.00 target price on the stock. Scotiabank dropped their target price on shares of Brookfield Asset Management from $47.00 to $44.50 and set a “sector outperform” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada increased their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. StockNews.com raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, CIBC increased their price objective on Brookfield Asset Management from $47.00 to $49.00 and gave the company an “outperformer” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Hold” and an average price target of $42.32.

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.