MUFG Securities EMEA plc Acquires New Position in Brookfield Asset Management Ltd. $BAM

MUFG Securities EMEA plc acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 200,000 shares of the financial services provider’s stock, valued at approximately $10,479,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Texas Yale Capital Corp. increased its holdings in Brookfield Asset Management by 0.8% in the 4th quarter. Texas Yale Capital Corp. now owns 98,860 shares of the financial services provider’s stock worth $5,179,000 after buying an additional 788 shares during the period. Forsta AP Fonden increased its holdings in Brookfield Asset Management by 3.8% in the 4th quarter. Forsta AP Fonden now owns 96,800 shares of the financial services provider’s stock worth $5,077,000 after buying an additional 3,500 shares during the period. Norges Bank acquired a new position in Brookfield Asset Management in the 4th quarter worth approximately $263,444,000. Eurizon Capital SGR S.p.A. acquired a new position in Brookfield Asset Management in the 4th quarter worth approximately $220,000. Finally, Hillsdale Investment Management Inc. increased its holdings in Brookfield Asset Management by 0.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 256,295 shares of the financial services provider’s stock worth $13,450,000 after buying an additional 2,083 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BAM. The Goldman Sachs Group cut their price target on shares of Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a research note on Monday, May 18th. Weiss Ratings cut shares of Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Scotiabank reaffirmed an “outperform” rating and set a $57.00 price objective (up from $56.00) on shares of Brookfield Asset Management in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $48.69 on Monday. The stock has a market capitalization of $79.75 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 1.95 and a beta of 1.26. Brookfield Asset Management Ltd. has a 12 month low of $42.20 and a 12 month high of $64.10. The firm’s 50 day simple moving average is $46.78 and its 200-day simple moving average is $49.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38.

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 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. Analysts expect that Brookfield Asset Management Ltd. will post 1.75 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced 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 4.1%. Brookfield Asset Management’s dividend payout ratio (DPR) is 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.