Kapitalo Investimentos Ltda Acquires Shares of 995 Brookfield Asset Management Ltd. (NYSE:BAM)

Kapitalo Investimentos Ltda bought a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 995 shares of the financial services provider’s stock, valued at approximately $54,000.

A number of other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its position in Brookfield Asset Management by 2.3% during the fourth quarter. FMR LLC now owns 19,646,285 shares of the financial services provider’s stock worth $1,064,983,000 after purchasing an additional 447,642 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Brookfield Asset Management by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 16,901,942 shares of the financial services provider’s stock valued at $916,676,000 after buying an additional 263,660 shares in the last quarter. TD Asset Management Inc. grew its stake in Brookfield Asset Management by 8.9% in 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 acquiring an additional 1,359,126 shares during the period. Capital International Investors increased its holdings in Brookfield Asset Management by 0.7% in the 4th quarter. Capital International Investors now owns 16,116,518 shares of the financial services provider’s stock worth $873,354,000 after acquiring an additional 116,008 shares in the last quarter. Finally, FIL Ltd raised its position in Brookfield Asset Management by 3.9% during the fourth quarter. FIL Ltd now owns 15,369,816 shares of the financial services provider’s stock worth $833,581,000 after acquiring an additional 574,978 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. HSBC raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. CIBC increased their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Jefferies Financial Group lowered their price target on Brookfield Asset Management from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley decreased their price objective on Brookfield Asset Management from $62.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. Finally, StockNews.com raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $53.31 on Thursday. The company has a market capitalization of $87.29 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. The firm’s 50-day moving average is $49.81 and its two-hundred day moving average is $53.80. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were issued a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.28%. Brookfield Asset Management’s dividend payout ratio is currently 132.58%.

Brookfield Asset Management 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.