TD Waterhouse Canada Inc. Has $81.51 Million Stock Position in Brookfield Asset Management Ltd. $BAM

TD Waterhouse Canada Inc. boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,486,086 shares of the financial services provider’s stock after buying an additional 129,357 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.09% of Brookfield Asset Management worth $81,513,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. GoalVest Advisory LLC lifted its position in shares of 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 worth $121,000 after purchasing an additional 190 shares during the last quarter. Lincoln Capital LLC boosted its position in shares of Brookfield Asset Management by 0.9% in the first quarter. Lincoln Capital LLC now owns 23,151 shares of the financial services provider’s stock valued at $1,145,000 after acquiring an additional 210 shares during the period. Kirr Marbach & Co. LLC IN grew its stake in shares of Brookfield Asset Management by 0.7% in the second quarter. Kirr Marbach & Co. LLC IN now owns 35,649 shares of the financial services provider’s stock worth $1,971,000 after acquiring an additional 249 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Brookfield Asset Management by 7.8% in the second quarter. SBI Securities Co. Ltd. now owns 3,454 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 250 shares during the last quarter. Finally, Private Trust Co. NA increased its position in Brookfield Asset Management by 22.5% during the second quarter. Private Trust Co. NA now owns 1,532 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 281 shares during the period. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $49.85 on Wednesday. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.14. The stock has a market cap of $81.65 billion, a P/E ratio of 33.46, a PEG ratio of 2.04 and a beta of 1.38. The company’s 50-day simple moving average is $55.80 and its 200 day simple moving average is $57.35.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, research analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, November 28th will be paid a $0.4375 dividend. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.75 annualized dividend and a yield of 3.5%. Brookfield Asset Management’s payout ratio is currently 109.38%.

Analysts Set New Price Targets

A number of analysts have weighed in on BAM shares. National Bank Financial started coverage on shares of Brookfield Asset Management in a report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 price target for the company. Piper Sandler cut their price objective on shares of 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Brookfield Asset Management in a research report on Monday. CIBC boosted their price target on Brookfield Asset Management from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, National Bankshares cut their price target on Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating for the company in a report on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.32.

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.