Sather Financial Group Inc Grows Position in Brookfield Asset Management Ltd. $BAM

Sather Financial Group Inc lifted its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 18.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 571,709 shares of the financial services provider’s stock after purchasing an additional 88,969 shares during the quarter. Brookfield Asset Management comprises approximately 1.6% of Sather Financial Group Inc’s holdings, making the stock its 24th largest holding. Sather Financial Group Inc’s holdings in Brookfield Asset Management were worth $25,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Montrusco Bolton Investments Inc. raised its stake in shares of Brookfield Asset Management by 7.3% in the 1st quarter. Montrusco Bolton Investments Inc. now owns 345,381 shares of the financial services provider’s stock valued at $15,307,000 after acquiring an additional 23,484 shares during the period. HB Wealth Management LLC increased its holdings in Brookfield Asset Management by 31.4% in the 1st quarter. HB Wealth Management LLC now owns 12,097 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 2,888 shares in the last quarter. PFG Investments LLC purchased a new position in Brookfield Asset Management in the first quarter valued at about $307,000. Leonteq Securities AG raised its position in Brookfield Asset Management by 83.7% in the first quarter. Leonteq Securities AG now owns 11,309 shares of the financial services provider’s stock valued at $503,000 after purchasing an additional 5,153 shares during the period. Finally, Keybank National Association OH lifted its stake in shares of Brookfield Asset Management by 56.4% during the first quarter. Keybank National Association OH now owns 8,156 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 2,942 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

BAM has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. reduced their price target on Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research downgraded shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Weiss Ratings lowered shares of Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Brookfield Asset Management has a consensus rating of “Hold” and an average target price of $60.21.

Brookfield Asset Management Stock Down 1.1%

Shares of NYSE BAM traded down $0.53 during midday trading on Tuesday, reaching $46.47. 473,089 shares of the company’s stock were exchanged, compared to its average volume of 3,437,192. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38. Brookfield Asset Management Ltd. has a 52-week low of $42.20 and a 52-week high of $64.10. The business’s fifty day moving average price is $47.32 and its two-hundred day moving average price is $48.45. The stock has a market capitalization of $76.13 billion, a PE ratio of 30.20, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%. Analysts forecast that Brookfield Asset Management Ltd. will post 1.74 EPS for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were given a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio 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.