Brookfield Asset Management Ltd. (NYSE:BAM) Given Consensus Rating of “Moderate Buy” by Brokerages

Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $56.71.

A number of equities analysts have weighed in on BAM shares. Wells Fargo & Company decreased their price objective on shares of Brookfield Asset Management from $55.00 to $54.00 and set an “underweight” rating for the company in a research report on Thursday, February 13th. CIBC lifted their price target on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. HSBC raised Brookfield Asset Management from a “hold” rating to a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their price objective on Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Scotiabank reduced their price target on shares of Brookfield Asset Management from $63.00 to $62.50 and set an “outperform” rating on the stock in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hara Capital LLC acquired a new position in Brookfield Asset Management in the third quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield Asset Management in the third quarter valued at about $27,000. Truvestments Capital LLC grew its holdings in Brookfield Asset Management by 487.2% during the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 419 shares during the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Brookfield Asset Management in the 4th quarter valued at about $32,000. Finally, Versant Capital Management Inc raised its stake in shares of Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 771 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Price Performance

NYSE BAM opened at $46.88 on Tuesday. The company has a market cap of $20.77 billion, a P/E ratio of 35.51, a P/E/G ratio of 1.92 and a beta of 1.50. Brookfield Asset Management has a 12 month low of $37.29 and a 12 month high of $62.61. The company has a 50-day moving average of $56.34 and a 200-day moving average of $52.93.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. As a group, equities research analysts anticipate that Brookfield Asset Management will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 3.73%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 28th. Brookfield Asset Management’s payout ratio is currently 132.58%.

About Brookfield Asset Management

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.