Corient Private Wealth LLC Grows Stake in Brookfield Asset Management Ltd. $BAM

Corient Private Wealth LLC increased its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,387,375 shares of the financial services provider’s stock after acquiring an additional 20,586 shares during the period. Corient Private Wealth LLC’s holdings in Brookfield Asset Management were worth $72,304,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Zions Bancorporation National Association UT lifted its holdings in Brookfield Asset Management by 241.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 345 shares during the period. LOM Asset Management Ltd bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $31,000. eCIO Inc. bought a new stake in shares of Brookfield Asset Management during the 4th quarter valued at about $42,000. Assetmark Inc. increased its position in shares of Brookfield Asset Management by 95.9% during the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 395 shares during the last quarter. Finally, Cary Street Partners Financial LLC lifted its stake 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 worth $46,000 after purchasing an additional 562 shares during the period. Institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BAM shares. Piper Sandler reissued a “neutral” rating and issued a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. Morgan Stanley reduced their target price on shares of Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. The Goldman Sachs Group decreased their price target on shares of Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Zacks Research cut shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 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 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 given a Sell rating to the stock. According to MarketBeat.com, Brookfield Asset Management has an average rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management Trading Up 0.1%

Brookfield Asset Management stock opened at $47.48 on Friday. Brookfield Asset Management Ltd. has a 12-month low of $42.20 and a 12-month high of $64.10. The firm has a market capitalization of $77.78 billion, a price-to-earnings ratio of 30.83, a P/E/G ratio of 1.90 and a beta of 1.26. The firm has a 50 day moving average of $47.76 and a 200 day moving average of $49.05. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

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 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The business 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%. As a group, research analysts predict that Brookfield Asset Management Ltd. will post 1.75 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders 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 dividend yield of 4.2%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio (DPR) 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.