Radnor Capital Management LLC Reduces Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Radnor Capital Management LLC reduced its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,760 shares of the financial services provider’s stock after selling 323 shares during the quarter. Radnor Capital Management LLC’s holdings in Brookfield Asset Management were worth $475,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hara Capital LLC bought a new stake in Brookfield Asset Management during the third quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Brookfield Asset Management during the 3rd quarter worth $27,000. Richardson Financial Services Inc. grew its position in shares of Brookfield Asset Management by 368.3% during the 2nd quarter. Richardson Financial Services Inc. now owns 960 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 755 shares during the period. Versant Capital Management Inc increased its stake in shares of Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 771 shares in the last quarter. Finally, Continuum Advisory LLC raised its holdings in 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 purchasing an additional 329 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

BAM opened at $54.17 on Thursday. The stock has a market capitalization of $24.00 billion, a price-to-earnings ratio of 47.94, a PEG ratio of 2.43 and a beta of 1.45. The company has a fifty day moving average of $55.91 and a 200 day moving average of $48.38. Brookfield Asset Management Ltd. has a fifty-two week low of $37.19 and a fifty-two week high of $59.58.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.47 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued 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 2.81%. Brookfield Asset Management’s dividend payout ratio (DPR) is 134.51%.

Wall Street Analysts Forecast Growth

BAM has been the subject of several recent research reports. BMO Capital Markets boosted their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. TD Securities raised their target price on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Scotiabank lifted their price target on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the company a “sector outperform” rating in a report on Tuesday, November 5th. Finally, StockNews.com cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management presently has a consensus rating of “Hold” and an average price target of $54.38.

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.