Brookfield Asset Management Ltd. $BAM Shares Sold by Capital International Inc. CA

Capital International Inc. CA trimmed its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 315,509 shares of the financial services provider’s stock after selling 73,115 shares during the period. Capital International Inc. CA’s holdings in Brookfield Asset Management were worth $16,530,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BAM. LOM Asset Management Ltd acquired a new position in shares of Brookfield Asset Management in the 4th quarter valued at approximately $31,000. eCIO Inc. bought a new stake in shares of Brookfield Asset Management in the 4th quarter valued at approximately $42,000. Assetmark Inc. increased its holdings in shares of Brookfield Asset Management by 95.9% in the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 395 shares during the last quarter. Cary Street Partners Financial LLC increased its holdings in shares of Brookfield Asset Management by 227.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 562 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Brookfield Asset Management by 47.8% in the 4th quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 333 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BAM. Scotiabank reiterated an “outperform” rating and issued a $57.00 price target (up from $56.00) on shares of Brookfield Asset Management in a report on Monday, May 11th. Weiss Ratings downgraded Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 15th. Piper Sandler reiterated a “neutral” rating and issued a $50.00 price target (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. Zacks Research downgraded Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce set a $62.50 price target on Brookfield Asset Management in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.21.

Brookfield Asset Management Price Performance

Shares of BAM opened at $46.21 on Monday. The company has a market cap of $75.69 billion, a P/E ratio of 30.01, a PEG ratio of 1.85 and a beta of 1.26. The stock has a fifty day moving average price of $47.14 and a 200 day moving average price of $49.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38. Brookfield Asset Management Ltd. has a 12 month low of $42.20 and a 12 month high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.32 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%. On average, research analysts forecast that Brookfield Asset Management Ltd. will post 1.75 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be paid a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is presently 130.52%.

Brookfield Asset Management 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.