Partners Value Investments L.P. Buys 280,098 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Partners Value Investments L.P. increased its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAMFree Report) (TSE:BAM.A) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,807,960 shares of the financial services provider’s stock after purchasing an additional 280,098 shares during the quarter. Brookfield Asset Management accounts for 19.0% of Partners Value Investments L.P.’s holdings, making the stock its 2nd largest holding. Partners Value Investments L.P. owned about 0.07% of Brookfield Asset Management worth $1,237,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Ossiam lifted its holdings in Brookfield Asset Management by 39.0% during the 4th quarter. Ossiam now owns 32,430 shares of the financial services provider’s stock worth $1,309,000 after buying an additional 9,095 shares during the last quarter. Third Avenue Management LLC boosted its holdings in Brookfield Asset Management by 0.9% in the fourth quarter. Third Avenue Management LLC now owns 131,670 shares of the financial services provider’s stock valued at $5,289,000 after purchasing an additional 1,233 shares in the last quarter. Prudential PLC boosted its holdings in Brookfield Asset Management by 20.0% in the fourth quarter. Prudential PLC now owns 223,536 shares of the financial services provider’s stock valued at $8,979,000 after purchasing an additional 37,212 shares in the last quarter. Capital World Investors increased its stake in 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 purchasing an additional 2,241,372 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Brookfield Asset Management by 1.6% during the fourth quarter. Royal London Asset Management Ltd. now owns 161,565 shares of the financial services provider’s stock worth $6,490,000 after purchasing an additional 2,621 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BAM has been the topic of several research analyst reports. Scotiabank cut their price target 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. JPMorgan Chase & Co. initiated coverage on Brookfield Asset Management in a report on Wednesday, May 15th. They issued a “neutral” rating and a $41.00 target price for the company. Finally, Royal Bank of Canada raised their price target on Brookfield Asset Management from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.14.

Read Our Latest Report on BAM

Brookfield Asset Management Price Performance

Shares of NYSE BAM traded down $0.03 on Thursday, hitting $38.23. The company’s stock had a trading volume of 1,816,531 shares, compared to its average volume of 1,461,342. The stock has a 50 day moving average of $39.42 and a 200-day moving average of $39.59. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 1.71 and a beta of 1.67. Brookfield Asset Management Ltd. has a 12-month low of $28.35 and a 12-month high of $43.00.

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

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, May 31st. Brookfield Asset Management’s dividend payout ratio (DPR) is 140.74%.

About Brookfield Asset Management

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Ltd. (NYSE:BAMFree Report) (TSE:BAM.A).

Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.