America First Investment Advisors LLC Has $24.35 Million Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

America First Investment Advisors LLC lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 449,356 shares of the financial services provider’s stock after selling 24,856 shares during the quarter. Brookfield Asset Management comprises 5.3% of America First Investment Advisors LLC’s portfolio, making the stock its 7th biggest holding. America First Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $24,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Brookfield Asset Management by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider’s stock valued at $419,400,000 after buying an additional 24,409 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of Brookfield Asset Management by 1.0% in the third quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock valued at $1,379,000 after acquiring an additional 278 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Brookfield Asset Management by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 60,805 shares of the financial services provider’s stock worth $2,875,000 after acquiring an additional 1,007 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Brookfield Asset Management by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 834,929 shares of the financial services provider’s stock worth $39,516,000 after purchasing an additional 45,670 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Brookfield Asset Management by 25.6% during the 3rd quarter. Cerity Partners LLC now owns 25,996 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 5,298 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $51.74 on Wednesday. Brookfield Asset Management Ltd. has a 1-year low of $37.29 and a 1-year high of $62.61. The business’s 50 day moving average is $55.15 and its two-hundred day moving average is $53.51. The stock has a market capitalization of $22.93 billion, a P/E ratio of 39.20, a PEG ratio of 1.92 and a beta of 1.50.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS 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%. As a group, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share 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. Stockholders of record on Friday, February 28th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio (DPR) is 132.58%.

Analysts Set New Price Targets

Several research firms have weighed in on BAM. StockNews.com upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th. TD Securities upped their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. UBS Group began coverage on shares of Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating on the stock. BMO Capital Markets boosted their price target on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, February 13th. Finally, CIBC raised their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management has a consensus rating of “Moderate Buy” and an average price target of $56.38.

About Brookfield Asset Management

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.