Brookfield Asset Management Ltd. $BAM Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 6.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,003,128 shares of the financial services provider’s stock after purchasing an additional 294,966 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.31% of Brookfield Asset Management worth $227,422,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Trust Co. of Vermont purchased a new position in Brookfield Asset Management during the second quarter worth approximately $25,000. Zions Bancorporation National Association UT grew its stake in shares of Brookfield Asset Management by 241.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock valued at $26,000 after buying an additional 345 shares during the period. Allied Private Wealth LLC acquired a new stake in shares of Brookfield Asset Management during the 2nd quarter worth $40,000. Allworth Financial LP increased its holdings in shares of Brookfield Asset Management by 47.8% during the 4th quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider’s stock worth $54,000 after buying an additional 333 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Brookfield Asset Management by 709.8% in the 4th quarter. Fifth Third Bancorp now owns 1,069 shares of the financial services provider’s stock worth $56,000 after buying an additional 937 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. Scotiabank restated an “outperform” rating and issued a $59.00 price objective on shares of Brookfield Asset Management in a report on Thursday, August 6th. National Bank Financial lifted their price objective on Brookfield Asset Management from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Royal Bank Of Canada decreased their target price on Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating for the company in a report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Brookfield Asset Management in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $58.65.

Brookfield Asset Management Stock Up 1.2%

Shares of Brookfield Asset Management stock opened at $50.29 on Friday. The company has a fifty day moving average price of $49.44 and a 200 day moving average price of $47.80. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Brookfield Asset Management Ltd. has a twelve month low of $42.20 and a twelve month high of $62.57. The stock has a market cap of $82.39 billion, a price-to-earnings ratio of 29.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. Equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.78 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be paid a $0.5025 dividend. The ex-dividend date is Monday, August 31st. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.0%. Brookfield Asset Management’s dividend payout ratio (DPR) is 116.86%.

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.