Brookfield Asset Management Ltd. (NYSE:BAM) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 11.3% in the 1st quarter, Holdings Channel reports. The firm owned 573,939 shares of the financial services provider’s stock after acquiring an additional 58,332 shares during the quarter. Deutsche Bank AG’s holdings in Brookfield Asset Management were worth $27,807,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ST Germain D J Co. Inc. acquired a new stake in shares of Brookfield Asset Management in the first quarter valued at about $26,000. Rossby Financial LCC acquired a new position in Brookfield Asset Management during the first quarter worth about $28,000. NewEdge Advisors LLC grew its stake in Brookfield Asset Management by 61.0% during the 4th quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 325 shares in the last quarter. Larson Financial Group LLC raised its holdings in Brookfield Asset Management by 1,079.6% in the 1st quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Brookfield Asset Management in the 4th quarter worth approximately $54,000. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $62.67 on Wednesday. Brookfield Asset Management Ltd. has a fifty-two week low of $39.19 and a fifty-two week high of $64.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.25. The company has a 50 day moving average price of $58.02 and a 200 day moving average price of $55.09. The stock has a market capitalization of $102.63 billion, a P/E ratio of 42.06, a PEG ratio of 2.22 and a beta of 1.44.

Brookfield Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 117.45%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BAM. Scotiabank upped their price target on Brookfield Asset Management from $66.00 to $67.25 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on Brookfield Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, May 16th. CIBC raised their target price on Brookfield Asset Management from $70.00 to $71.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Tuesday, April 15th. Finally, TD Securities boosted their price target on shares of Brookfield Asset Management from $66.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.33.

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.