Maridea Wealth Management LLC Makes New $816,000 Investment in Brookfield Asset Management Ltd. $BAM

Maridea Wealth Management LLC bought a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,953 shares of the financial services provider’s stock, valued at approximately $816,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BAM. GSA Capital Partners LLP lifted its stake in shares of Brookfield Asset Management by 228.7% during the 3rd quarter. GSA Capital Partners LLP now owns 16,488 shares of the financial services provider’s stock worth $939,000 after acquiring an additional 11,472 shares during the last quarter. Glenview Trust Co increased its stake in Brookfield Asset Management by 77.0% in the 3rd quarter. Glenview Trust Co now owns 20,090 shares of the financial services provider’s stock worth $1,144,000 after buying an additional 8,738 shares during the period. Summitry LLC lifted its holdings in Brookfield Asset Management by 5.4% during the 3rd quarter. Summitry LLC now owns 152,381 shares of the financial services provider’s stock valued at $8,677,000 after buying an additional 7,803 shares in the last quarter. Vanguard Group Inc. boosted its position in Brookfield Asset Management by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 17,425,392 shares of the financial services provider’s stock valued at $991,677,000 after buying an additional 253,789 shares during the period. Finally, Texas Yale Capital Corp. grew its stake in Brookfield Asset Management by 4.4% in the 3rd quarter. Texas Yale Capital Corp. now owns 98,072 shares of the financial services provider’s stock worth $5,584,000 after acquiring an additional 4,162 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $52.47 on Thursday. Brookfield Asset Management Ltd. has a fifty-two week low of $41.78 and a fifty-two week high of $64.10. The company has a market cap of $85.94 billion, a PE ratio of 34.52, a P/E/G ratio of 1.92 and a beta of 1.40. 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 business has a 50-day simple moving average of $52.25 and a two-hundred day simple moving average of $55.02.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.67%. As a group, equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is presently 115.13%.

Analyst Ratings Changes

Several research firms have recently weighed in on BAM. The Goldman Sachs Group decreased their price target on shares of Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Wall Street Zen upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. BMO Capital Markets raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Loop Capital set a $60.00 price objective on Brookfield Asset Management in a report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.00.

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.