Natixis Advisors LLC Boosts Stock Holdings in Brookfield Asset Management Ltd. $BAM

Natixis Advisors LLC raised its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 6.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,037,570 shares of the financial services provider’s stock after purchasing an additional 65,033 shares during the period. Natixis Advisors LLC’s holdings in Brookfield Asset Management were worth $54,358,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BAM. Norges Bank purchased a new position in shares of Brookfield Asset Management in the 4th quarter worth approximately $263,444,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Brookfield Asset Management by 88,805.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,725,314 shares of the financial services provider’s stock worth $247,559,000 after buying an additional 4,719,999 shares during the last quarter. State Street Corp grew its position in shares of Brookfield Asset Management by 11,172.2% in the 2nd quarter. State Street Corp now owns 3,524,700 shares of the financial services provider’s stock worth $194,845,000 after buying an additional 3,493,431 shares during the last quarter. Legal & General Group Plc grew its position in shares of Brookfield Asset Management by 2,834.0% in the 3rd quarter. Legal & General Group Plc now owns 2,365,709 shares of the financial services provider’s stock worth $134,659,000 after buying an additional 2,285,077 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Brookfield Asset Management by 72.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,904,677 shares of the financial services provider’s stock worth $222,161,000 after buying an additional 1,642,375 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on BAM shares. Morgan Stanley cut their price objective on shares of Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada cut their price objective on shares of Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Wall Street Zen downgraded shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. UBS Group set a $52.00 price objective on shares of Brookfield Asset Management in a research report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce set a $62.50 price objective on shares of Brookfield Asset Management in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $60.21.

Brookfield Asset Management Stock Down 5.3%

NYSE:BAM opened at $45.22 on Thursday. The company has a market cap of $74.08 billion, a PE ratio of 29.37, a P/E/G ratio of 1.92 and a beta of 1.26. Brookfield Asset Management Ltd. has a twelve month low of $42.20 and a twelve month high of $64.10. 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’s 50 day moving average is $47.01 and its two-hundred day moving average is $49.37.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.43 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. Analysts anticipate that Brookfield Asset Management Ltd. will post 1.75 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be given a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, May 29th. Brookfield Asset Management’s payout ratio is currently 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.