Brookfield Asset Management Ltd. (NYSE:BAM) Position Decreased by Northwest Financial Advisors

Northwest Financial Advisors reduced its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 6,271 shares of the financial services provider’s stock after selling 385 shares during the period. Northwest Financial Advisors’ holdings in Brookfield Asset Management were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BAM. Hara Capital LLC acquired a new position in Brookfield Asset Management in the third quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Brookfield Asset Management during the 3rd quarter worth $27,000. Versant Capital Management Inc boosted its stake in shares of Brookfield Asset Management by 1,606.3% during the 4th 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 in the last quarter. Continuum Advisory LLC grew its holdings in shares of Brookfield Asset Management by 42.2% in the 3rd 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 last quarter. Finally, Quent Capital LLC raised its position in shares of Brookfield Asset Management by 62.1% during the third quarter. Quent Capital LLC now owns 1,135 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 435 shares during the period. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Trading Down 1.0 %

BAM opened at $59.38 on Tuesday. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $60.11. The stock has a fifty day moving average price of $55.91 and a 200 day moving average price of $49.41. The stock has a market cap of $26.31 billion, a price-to-earnings ratio of 52.55, a PEG ratio of 2.15 and a beta of 1.45.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.56%. Brookfield Asset Management’s dividend payout ratio (DPR) is 134.51%.

Analyst Upgrades and Downgrades

BAM has been the subject of a number of recent analyst reports. TD Securities increased their price target on Brookfield Asset Management from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group raised their target price on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. StockNews.com lowered shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. BMO Capital Markets raised their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $54.38.

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.