2 weeks Ago By ABMN Staff
Legal & General Group Plc lowered its stake in Brookfield Asset Management Ltd. ( NYSE:BAM – Free Report ) (TSE:BAM.A) by 93.
9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,579 shares of the financial services provider’s stock after selling 518,204 shares during the period. Legal & General Group Plc’s holdings in Brookfield Asset Management were worth $1,821,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Brookfield Asset Management in the fourth quarter worth $287,361,000. William Blair Investment Management LLC purchased a new position in shares of Brookfield Asset Management in the 4th quarter worth about $204,169,000.
Connor Clark & Lunn Investment Management Ltd. boosted its stake in Brookfield Asset Management by 103.4% in the 4th quarter.
Connor Clark & Lunn Investment Management Ltd. now owns 3,997,157 shares of the financial services provider’s stock worth $216,507,000 after purchasing an additional 2,031,995 shares in the last quarter. Madison Investment Advisors LLC purchased a new stake in Brookfield Asset Management during the 4th quarter valued at about $94,122,000.
Finally, TD Asset Management Inc. increased its stake in Brookfield Asset Management by 8.9% during the 4th quarter.
TD Asset Management Inc. now owns 16,664,426 shares of the financial services provider’s stock valued at $903,323,000 after purchasing an additional 1,359,126 shares in the last quarter. Institutional investors own 68.
41% of the company’s stock. Brookfield Asset Management Stock Up 1.0 % Shares of NYSE:BAM opened at $52.
97 on Friday. The stock has a market capitalization of $86.73 billion, a PE ratio of 40.
13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63.
The firm’s 50 day moving average price is $50.19 and its 200-day moving average price is $53.68.
Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.
61. Brookfield Asset Management Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were issued a dividend of $0.
4375 per share. This represents a $1.75 annualized dividend and a yield of 3.
30%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.
38. Brookfield Asset Management’s payout ratio is currently 132.58%.
Wall Street Analysts Forecast Growth Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price 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. Wells Fargo & Company lowered their price objective on Brookfield Asset Management from $50.00 to $48.
00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Scotiabank decreased their price target on Brookfield Asset Management from $62.
50 to $58.00 and set a “sector outperform” rating for the company in a research note on Monday, April 7th. Finally, Bank of America raised Brookfield Asset Management from a “neutral” rating to a “buy” rating and set a $65.
00 price objective on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.15. Check Out Our Latest Stock Report on BAM About Brookfield Asset Management ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Ltd. ( NYSE:BAM – Free Report ) (TSE:BAM.
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