Brookfield Asset Management Ltd. $BAM Stock Holdings Trimmed by Partners Value Investments L.P.

Partners Value Investments L.P. lessened its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,588,407 shares of the financial services provider’s stock after selling 1,201,157 shares during the quarter. Brookfield Asset Management comprises approximately 14.1% of Partners Value Investments L.P.’s holdings, making the stock its 2nd biggest holding. Partners Value Investments L.P.’s holdings in Brookfield Asset Management were worth $1,315,205,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Weiss Asset Management LP acquired a new stake in shares of Brookfield Asset Management during the 1st quarter worth $725,000. Waverly Advisors LLC raised its position in shares of Brookfield Asset Management by 20.8% in the 1st quarter. Waverly Advisors LLC now owns 13,656 shares of the financial services provider’s stock worth $607,000 after buying an additional 2,347 shares during the period. Van Den Berg Management I Inc. boosted its holdings in Brookfield Asset Management by 49.6% in the first quarter. Van Den Berg Management I Inc. now owns 42,080 shares of the financial services provider’s stock valued at $1,870,000 after acquiring an additional 13,949 shares during the last quarter. Entropy Technologies LP boosted its holdings in Brookfield Asset Management by 31.3% in the first quarter. Entropy Technologies LP now owns 80,257 shares of the financial services provider’s stock valued at $3,567,000 after acquiring an additional 19,133 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Brookfield Asset Management by 17.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 942,000 shares of the financial services provider’s stock valued at $41,867,000 after acquiring an additional 142,000 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BAM. Weiss Ratings lowered Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a research note on Monday, May 18th. Canadian Imperial Bank of Commerce set a $62.50 target price on Brookfield Asset Management in a report on Monday, May 11th. Morgan Stanley set a $56.00 target price on shares of Brookfield Asset Management and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Wall Street Zen lowered shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brookfield Asset Management has a consensus rating of “Hold” and a consensus price target of $60.03.

Brookfield Asset Management Stock Up 0.0%

Shares of Brookfield Asset Management stock opened at $46.35 on Monday. Brookfield Asset Management Ltd. has a twelve month low of $42.20 and a twelve month high of $64.10. The stock has a market cap of $75.93 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 1.89 and a beta of 1.29. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $47.00 and a 200 day moving average price of $47.82.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $1.43 billion for 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 forecast that Brookfield Asset Management Ltd. will post 1.76 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were issued a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, May 29th. 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.