Nisa Investment Advisors LLC Grows Position in Brookfield Asset Management Ltd. $BAM

Nisa Investment Advisors LLC grew its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 62,401.5% during the third quarter, HoldingsChannel.com reports. The fund owned 166,879 shares of the financial services provider’s stock after acquiring an additional 166,612 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $9,502,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its position in Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 432 shares during the last quarter. Manchester Capital Management LLC grew its stake in shares of Brookfield Asset Management by 559.5% in the 2nd quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock worth $29,000 after buying an additional 442 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of Brookfield Asset Management in the 2nd quarter worth about $39,000. GAMMA Investing LLC raised its position in shares of Brookfield Asset Management by 93.3% during the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock valued at $47,000 after buying an additional 401 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of Brookfield Asset Management by 100,000.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,000 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $53.98 on Friday. The stock has a 50 day moving average price of $52.85 and a 200 day moving average price of $56.41. Brookfield Asset Management Ltd. has a 52-week low of $41.78 and a 52-week high of $64.10. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $88.41 billion, a P/E ratio of 33.74, a P/E/G ratio of 2.17 and a beta of 1.39.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Friday, November 7th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a return on equity of 33.77% and a net margin of 58.25%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.34 billion. As a group, sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 109.38%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. Wall Street Zen raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group decreased their price target on Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $67.25 to $65.75 and set a “sector outperform” rating for the company in a research note on Monday, November 10th. Finally, Loop Capital set a $60.00 target price on shares of Brookfield Asset Management in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and an average target price of $63.43.

About Brookfield Asset Management

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.