Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lessened its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,808 shares of the financial services provider’s stock after selling 3,793 shares during the period. River Road Asset Management LLC’s holdings in Brookfield Asset Management were worth $6,259,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Brookfield Asset Management by 180.4% in the 3rd quarter. Private Trust Co. NA now owns 1,057 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 680 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of Brookfield Asset Management by 35.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 277 shares during the period. Signaturefd LLC increased its holdings in shares of Brookfield Asset Management by 106.4% in the 3rd quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 764 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Brookfield Asset Management by 39.6% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 500 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Brookfield Asset Management by 21.9% in the 3rd quarter. Rhumbline Advisers now owns 1,844 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 331 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

BAM has been the subject of a number of recent analyst reports. CIBC increased their target price on shares of Brookfield Asset Management from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. TD Securities decreased their target price on shares of Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating for the company in a research report on Tuesday, January 9th. BMO Capital Markets increased their target price 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. Royal Bank of Canada increased their target price on shares of Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Scotiabank increased their target price on shares of Brookfield Asset Management from $46.50 to $47.00 and gave the company a “sector outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management currently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

Brookfield Asset Management Trading Up 1.5 %

NYSE:BAM opened at $39.04 on Thursday. Brookfield Asset Management Ltd. has a twelve month low of $28.35 and a twelve month high of $43.00. The company has a 50-day moving average of $41.06 and a 200-day moving average of $37.47. The firm has a market cap of $16.13 billion, a price-to-earnings ratio of 34.55, a price-to-earnings-growth ratio of 1.48 and a beta of 1.68.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. The company had revenue of $1.13 billion during the quarter. During the same period in the prior year, the company posted $0.31 earnings per share. On average, research analysts forecast that Brookfield Asset Management Ltd. will post 1.49 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.89%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

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.