Texas Yale Capital Corp. Acquires 1,650 Shares of Brookfield Asset Management Ltd. $BAM

Texas Yale Capital Corp. lifted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,910 shares of the financial services provider’s stock after acquiring an additional 1,650 shares during the quarter. Texas Yale Capital Corp.’s holdings in Brookfield Asset Management were worth $5,191,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. GoalVest Advisory LLC lifted its holdings in Brookfield Asset Management by 9.5% during the 2nd quarter. GoalVest Advisory LLC now owns 2,180 shares of the financial services provider’s stock valued at $121,000 after purchasing an additional 190 shares during the last quarter. Lincoln Capital LLC lifted its stake in shares of Brookfield Asset Management by 0.9% during the 1st quarter. Lincoln Capital LLC now owns 23,151 shares of the financial services provider’s stock worth $1,145,000 after buying an additional 210 shares during the last quarter. Kirr Marbach & Co. LLC IN lifted its stake in shares of Brookfield Asset Management by 0.7% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 35,649 shares of the financial services provider’s stock worth $1,971,000 after buying an additional 249 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Brookfield Asset Management by 22.5% during the 2nd quarter. Private Trust Co. NA now owns 1,532 shares of the financial services provider’s stock worth $85,000 after buying an additional 281 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Brookfield Asset Management by 17.4% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,015 shares of the financial services provider’s stock valued at $98,000 after buying an additional 299 shares during the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Down 1.2%

Shares of NYSE:BAM opened at $53.32 on Friday. The firm has a market cap of $87.32 billion, a P/E ratio of 35.78, a P/E/G ratio of 2.04 and a beta of 1.38. Brookfield Asset Management Ltd. has a 12-month low of $41.78 and a 12-month high of $64.10. The business has a fifty day simple moving average of $56.82 and a 200 day simple moving average of $57.27. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on BAM. National Bank Financial started coverage on Brookfield Asset Management in a report on Tuesday, July 29th. They set an “outperform” rating and a $71.00 price objective for the company. CIBC increased their target price on Brookfield Asset Management from $70.00 to $71.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. TD Securities boosted their price objective 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. Wells Fargo & Company raised their price target on shares of Brookfield Asset Management from $55.00 to $57.00 and gave the company an “underweight” rating in a research note on Friday, July 11th. Finally, Morgan Stanley set a $62.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.14.

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.