Demars Financial Group LLC Makes New $789,000 Investment in Brookfield Asset Management Ltd. $BAM

Demars Financial Group LLC bought a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 17,740 shares of the financial services provider’s stock, valued at approximately $789,000.

Other institutional investors also recently modified their holdings of the company. Focus Financial Network Inc. raised its position 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 acquiring an additional 194 shares during the period. Crescent Grove Advisors LLC grew its holdings in Brookfield Asset Management by 4.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider’s stock valued at $251,000 after purchasing an additional 200 shares during the period. Kestra Advisory Services LLC increased its stake in Brookfield Asset Management by 3.6% in the fourth quarter. Kestra Advisory Services LLC now owns 6,301 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 218 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in Brookfield Asset Management by 1.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 17,165 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 226 shares in the last quarter. Finally, Kraematon Investment Advisors Inc. raised its holdings in Brookfield Asset Management by 2.0% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 234 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BAM shares. Royal Bank Of Canada reduced their price target on shares of Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating on the stock in a research report on Monday, May 11th. Morgan Stanley lowered their price objective on shares of Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price objective on Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Saturday, July 4th. Finally, Zacks Research cut Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management Stock Performance

Shares of BAM opened at $45.46 on Thursday. The firm has a market cap of $74.46 billion, a P/E ratio of 29.52, a PEG ratio of 1.88 and a beta of 1.29. Brookfield Asset Management Ltd. has a twelve month low of $42.20 and a twelve month high of $64.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s 50 day moving average price is $47.25 and its two-hundred day moving average price is $48.32.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. On average, analysts forecast that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is 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.