Jefferies Financial Group Inc. Purchases Shares of 436,978 Brookfield Asset Management Ltd. $BAM

Jefferies Financial Group Inc. purchased a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 436,978 shares of the financial services provider’s stock, valued at approximately $22,893,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Truist Financial Corp raised its holdings in Brookfield Asset Management by 1.4% during the third quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 187 shares during the period. Focus Financial Network Inc. raised its holdings in Brookfield Asset Management by 4.6% during the fourth quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 194 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Brookfield Asset Management by 38.0% during the third quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 233 shares during the period. Kraematon Investment Advisors Inc. raised its holdings in Brookfield Asset Management by 2.0% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 234 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Brookfield Asset Management by 3.2% during the third quarter. Integrated Wealth Concepts LLC now owns 7,578 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 238 shares during the period. 68.41% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Zacks Research cut Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Piper Sandler reissued a “neutral” rating and set a $50.00 price target (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. Morgan Stanley cut their price objective on Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, Wall Street Zen lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $60.21.

Brookfield Asset Management Trading Down 1.2%

Shares of Brookfield Asset Management stock opened at $47.96 on Friday. The firm has a market cap of $78.56 billion, a price-to-earnings ratio of 31.14, a PEG ratio of 1.95 and a beta of 1.28. The business has a 50-day moving average price of $46.27 and a 200-day moving average price of $49.70. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Brookfield Asset Management Ltd. has a twelve month low of $42.20 and a twelve month high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.43 billion. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%. Equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be given a dividend of $0.5025 per share. The ex-dividend date is Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.2%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 130.52%.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.