Templeton & Phillips Capital Management LLC Makes New $1.80 Million Investment in Brookfield Asset Management Ltd. (NYSE:BAM)

Templeton & Phillips Capital Management LLC purchased a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,325 shares of the financial services provider’s stock, valued at approximately $1,797,000. Brookfield Asset Management makes up about 1.4% of Templeton & Phillips Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other large investors also recently added to or reduced their stakes in BAM. RPg Family Wealth Advisory LLC purchased a new stake in shares of Brookfield Asset Management during the third quarter worth $27,000. Truvestments Capital LLC increased its position in shares of Brookfield Asset Management by 487.2% during the fourth 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 period. Mountain Hill Investment Partners Corp. purchased a new stake in shares of Brookfield Asset Management during the fourth quarter worth $32,000. Versant Capital Management Inc increased its position in shares of Brookfield Asset Management by 1,606.3% during 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 period. Finally, Continuum Advisory LLC increased its position in shares of Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 329 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Brookfield Asset Management from $54.00 to $50.00 and set an “underweight” rating on the stock in a research report on Thursday. TD Securities upped their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods cut their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a research report on Monday, January 13th. Scotiabank dropped their target price on Brookfield Asset Management from $63.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Finally, UBS Group assumed coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.38.

Brookfield Asset Management Price Performance

NYSE BAM opened at $49.52 on Monday. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61. The company has a market capitalization of $21.94 billion, a PE ratio of 37.52, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a fifty day moving average of $55.18 and a two-hundred day moving average of $53.36.

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, beating 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%. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.53%. The ex-dividend date is Friday, February 28th. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend 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.