UBS Group AG Lowers Holdings in Brookfield Asset Management Ltd. $BAM

UBS Group AG trimmed its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 36.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 567,780 shares of the financial services provider’s stock after selling 330,814 shares during the period. UBS Group AG’s holdings in Brookfield Asset Management were worth $29,746,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Truist Financial Corp lifted its position in shares of Brookfield Asset Management by 1.4% in the third quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 187 shares in the last quarter. Focus Financial Network Inc. lifted its position in shares of Brookfield Asset Management by 4.6% in the fourth quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider’s stock valued at $232,000 after acquiring an additional 194 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of Brookfield Asset Management by 38.0% in the third quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 233 shares in the last quarter. Kraematon Investment Advisors Inc. lifted its position in shares of Brookfield Asset Management by 2.0% in the fourth quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock valued at $632,000 after acquiring an additional 234 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Brookfield Asset Management by 3.2% in the third quarter. Integrated Wealth Concepts LLC now owns 7,578 shares of the financial services provider’s stock worth $431,000 after buying an additional 238 shares in the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BAM. Piper Sandler dropped their price target on Brookfield Asset Management from $53.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Zacks Research lowered Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. The Goldman Sachs Group dropped their price target on Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. Finally, BMO Capital Markets raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $61.06.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock opened at $49.71 on Friday. The stock has a market cap of $81.44 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 2.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day moving average price of $45.90 and a 200-day moving average price of $50.13. Brookfield Asset Management Ltd. has a one year low of $42.20 and a one year high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. Equities analysts expect that Brookfield Asset Management Ltd. will post 1.73 EPS for the current year.

Brookfield Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be issued a $0.5025 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.0%. Brookfield Asset Management’s payout ratio is 132.24%.

Trending Headlines about Brookfield Asset Management

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: BAM reported first-quarter earnings of $0.43 per share, topping estimates, with fee-related earnings up 11% year over year to $772 million and fund raising of $21 billion in the quarter. Brookfield Asset Management Announces Strong First Quarter Results
• Positive Sentiment: The company also announced a quarterly dividend of $0.5025 per share, implying a 4.0% annualized yield, which may support investor interest in the stock. MarketBeat BAM page
• Neutral Sentiment: JPMorgan maintained a neutral view on BAM and lowered its price target to $60 from $72, signaling some caution despite the company’s solid fundamentals. J.P. Morgan Remains a Hold on Brookfield Asset Management Ltd. Class A (BAM)
• Neutral Sentiment: Brookfield also completed its acquisition of Peakstone Realty Trust, expanding its industrial real estate platform, though the immediate stock impact is likely limited. Brookfield Completes Acquisition of Peakstone Realty Trust

Brookfield Asset Management Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.