Entropy Technologies LP Has $3.20 Million Holdings in Brookfield Asset Management Ltd. $BAM

Entropy Technologies LP increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 34.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,124 shares of the financial services provider’s stock after buying an additional 15,744 shares during the quarter. Entropy Technologies LP’s holdings in Brookfield Asset Management were worth $3,202,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Focus Financial Network Inc. boosted its holdings in shares of Brookfield Asset Management by 4.6% in the 4th quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider’s stock valued at $232,000 after buying an additional 194 shares during the last quarter. Crescent Grove Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 4.3% in the 4th quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider’s stock valued at $251,000 after buying an additional 200 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Brookfield Asset Management by 3.6% in the 4th quarter. Kestra Advisory Services LLC now owns 6,301 shares of the financial services provider’s stock valued at $330,000 after buying an additional 218 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 1.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 17,165 shares of the financial services provider’s stock valued at $899,000 after buying an additional 226 shares during the last quarter. Finally, Kraematon Investment Advisors Inc. boosted its holdings in shares of Brookfield Asset Management by 2.0% in the 4th quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock valued at $632,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BAM. Weiss Ratings downgraded Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. Zacks Research cut Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Piper Sandler restated a “neutral” rating and issued a $50.00 price target (up from $48.00) on shares of Brookfield Asset Management in a research note on Monday, May 18th. Wall Street Zen cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, UBS Group set a $52.00 price target on Brookfield Asset Management in a research note on Friday, February 20th. One equities 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.21.

Brookfield Asset Management Stock Down 0.1%

BAM opened at $47.09 on Monday. Brookfield Asset Management Ltd. has a 1-year low of $42.20 and a 1-year high of $64.10. The stock’s fifty day simple moving average is $47.42 and its 200 day simple moving average is $49.17. 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 stock has a market cap of $77.14 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.43 billion. As a group, research analysts expect that Brookfield Asset Management Ltd. will post 1.75 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be 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 is Friday, May 29th. Brookfield Asset Management’s payout ratio is presently 130.52%.

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.