3,600 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC bought a new stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,600 shares of the financial services provider’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BAM. Hara Capital LLC acquired a new position in shares of Brookfield Asset Management in the 3rd quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Brookfield Asset Management during the third quarter worth $27,000. Versant Capital Management Inc lifted its holdings in Brookfield Asset Management by 1,606.3% in the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after buying an additional 771 shares during the period. Richardson Financial Services Inc. lifted its holdings in Brookfield Asset Management by 368.3% in the second quarter. Richardson Financial Services Inc. now owns 960 shares of the financial services provider’s stock valued at $37,000 after buying an additional 755 shares during the period. Finally, Continuum Advisory LLC boosted its position in 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 acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group began coverage on Brookfield Asset Management in a research report on Monday, December 16th. They issued a “buy” rating for the company. StockNews.com downgraded Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Deutsche Bank Aktiengesellschaft increased their price target on Brookfield Asset Management from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, November 11th. BMO Capital Markets lifted their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company dropped their target price on shares of Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Brookfield Asset Management currently has a consensus rating of “Hold” and an average target price of $54.38.

Brookfield Asset Management Trading Up 2.0 %

Brookfield Asset Management stock opened at $52.98 on Wednesday. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.45. The firm’s fifty day moving average price is $55.91 and its two-hundred day moving average price is $48.38. Brookfield Asset Management Ltd. has a 1-year low of $37.19 and a 1-year high of $59.58.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. During the same quarter last year, the firm earned $0.35 EPS. On average, research analysts forecast that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.87%. Brookfield Asset Management’s payout ratio is 134.51%.

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.