Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Brookfield Asset Management Ltd. $BAM

Vanguard Personalized Indexing Management LLC raised its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 22.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 33,362 shares of the financial services provider’s stock after purchasing an additional 6,219 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Brookfield Asset Management were worth $1,850,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in Brookfield Asset Management during the first quarter valued at $28,000. Truvestments Capital LLC lifted its position in Brookfield Asset Management by 85.5% during the first quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider’s stock valued at $45,000 after buying an additional 432 shares during the period. DHJJ Financial Advisors Ltd. lifted its position in Brookfield Asset Management by 100,000.0% during the second quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock valued at $55,000 after buying an additional 1,000 shares during the period. Trust Co. of Vermont lifted its position in Brookfield Asset Management by 90.4% during the second quarter. Trust Co. of Vermont now owns 1,070 shares of the financial services provider’s stock valued at $59,000 after buying an additional 508 shares during the period. Finally, Larson Financial Group LLC lifted its position in Brookfield Asset Management by 1,079.6% during the first quarter. Larson Financial Group LLC now owns 1,097 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,004 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BAM has been the subject of several recent research reports. Jefferies Financial Group raised their price objective on Brookfield Asset Management from $55.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Piper Sandler lowered their price objective on Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. TD Securities lifted their price target on Brookfield Asset Management from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. National Bank Financial started coverage on Brookfield Asset Management in a research report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 price target for the company. Finally, National Bankshares set a $71.00 price target on Brookfield Asset Management and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.27.

Brookfield Asset Management Price Performance

BAM opened at $54.17 on Friday. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The stock has a 50-day moving average price of $58.83 and a 200-day moving average price of $56.46. The firm has a market cap of $88.72 billion, a PE ratio of 36.36, a P/E/G ratio of 2.10 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.25.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.29 billion. Sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, August 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 117.45%.

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.