Fenimore Asset Management Inc Has $50.73 Million Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Fenimore Asset Management Inc decreased its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 936,094 shares of the financial services provider’s stock after selling 9,971 shares during the period. Fenimore Asset Management Inc’s holdings in Brookfield Asset Management were worth $50,727,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BAM. Public Sector Pension Investment Board lifted its holdings in shares of Brookfield Asset Management by 0.4% during the third quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider’s stock worth $2,201,000 after buying an additional 188 shares in the last quarter. Procyon Advisors LLC increased its position in Brookfield Asset Management by 2.7% during the fourth quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider’s stock worth $505,000 after acquiring an additional 249 shares during the period. Pathstone Holdings LLC raised its stake in Brookfield Asset Management by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock worth $1,379,000 after purchasing an additional 278 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Brookfield Asset Management by 5.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 315 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 319 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BAM. The Goldman Sachs Group boosted their price target on Brookfield Asset Management from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. StockNews.com downgraded Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Wells Fargo & Company decreased their price target on Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Scotiabank upped their price objective on shares of Brookfield Asset Management from $55.50 to $59.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, November 5th. Finally, BMO Capital Markets increased 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. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management has a consensus rating of “Hold” and a consensus price target of $54.38.

Brookfield Asset Management Trading Up 2.6 %

Shares of Brookfield Asset Management stock opened at $59.88 on Friday. The firm’s 50 day moving average is $55.91 and its 200 day moving average is $49.25. The firm has a market capitalization of $26.54 billion, a PE ratio of 52.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.45. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $60.11.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 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. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.54%. Brookfield Asset Management’s dividend payout ratio is currently 134.51%.

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.