Brookfield Asset Management Ltd. (NYSE:BAM) Stock Holdings Trimmed by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. reduced its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 218,658 shares of the financial services provider’s stock after selling 49,700 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Brookfield Asset Management were worth $11,849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hara Capital LLC bought a new stake in Brookfield Asset Management in the third quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 771 shares during the last quarter. Continuum Advisory LLC grew its holdings in shares of Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 319 shares during the last quarter. 68.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BAM. Keefe, Bruyette & Woods lowered their target price on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upped their target price on Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, November 11th. StockNews.com lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, UBS Group started coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management presently has an average rating of “Hold” and an average price target of $56.71.

Brookfield Asset Management Price Performance

BAM opened at $55.41 on Tuesday. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.46. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61. The business has a 50 day moving average price of $56.80 and a two-hundred day moving average price of $52.57.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. Equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, February 28th will be given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 3.16%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management’s dividend payout ratio is 132.58%.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.