Douglass Winthrop Advisors LLC Buys 123,386 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Douglass Winthrop Advisors LLC raised its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAMFree Report) (TSE:BAM.A) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,470,640 shares of the financial services provider’s stock after buying an additional 123,386 shares during the period. Brookfield Asset Management accounts for approximately 2.2% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Douglass Winthrop Advisors LLC owned 0.60% of Brookfield Asset Management worth $99,733,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC increased its stake in shares of Brookfield Asset Management by 106.4% in the third quarter. Signaturefd LLC now owns 1,482 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 764 shares during the period. NBC Securities Inc. bought a new position in shares of Brookfield Asset Management in the third quarter worth about $195,000. Oppenheimer Asset Management Inc. increased its stake in shares of Brookfield Asset Management by 4.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,535 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 865 shares during the period. Moors & Cabot Inc. increased its stake in shares of Brookfield Asset Management by 24.5% in the third quarter. Moors & Cabot Inc. now owns 8,340 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 1,639 shares during the period. Finally, Avantax Advisory Services Inc. bought a new position in shares of Brookfield Asset Management in the third quarter worth about $258,000. 68.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BAM. JPMorgan Chase & Co. began coverage on Brookfield Asset Management in a research note on Wednesday, May 15th. They issued a “neutral” rating and a $41.00 price objective on the stock. Royal Bank of Canada lifted their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Scotiabank decreased their target price on Brookfield Asset Management from $47.00 to $44.50 and set a “sector outperform” rating on the stock in a research report on Thursday, May 9th. CIBC lifted their target price on Brookfield Asset Management from $40.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, BMO Capital Markets lifted their target price on Brookfield Asset Management from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $42.14.

View Our Latest Analysis on BAM

Brookfield Asset Management Stock Performance

Shares of BAM stock traded up $0.57 during trading hours on Monday, hitting $40.22. The company had a trading volume of 971,000 shares, compared to its average volume of 1,474,854. Brookfield Asset Management Ltd. has a 12 month low of $28.35 and a 12 month high of $43.00. The firm has a market capitalization of $17.78 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 1.81 and a beta of 1.72. The firm’s fifty day moving average is $40.18 and its 200 day moving average is $39.17.

Brookfield Asset Management (NYSE:BAMGet Free Report) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $884.00 million for the quarter. Brookfield Asset Management had a return on equity of 98.98% and a net margin of 49.36%. On average, sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a yield of 3.78%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 140.74%.

Brookfield Asset Management Company Profile

(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.

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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