SOL Capital Management CO Has $1.71 Million Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

SOL Capital Management CO raised its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,616 shares of the financial services provider’s stock after buying an additional 1,673 shares during the period. SOL Capital Management CO’s holdings in Brookfield Asset Management were worth $1,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Brookfield Asset Management in the 3rd quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in Brookfield Asset Management in the third quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position in shares of Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 771 shares during the last quarter. Continuum Advisory LLC boosted its holdings in Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after buying an additional 329 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in Brookfield Asset Management by 62.1% during the 3rd quarter. Quent Capital LLC now owns 1,135 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 435 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their target price on Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. TD Securities boosted their price target on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wells Fargo & Company lowered their price target on Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada increased their price target on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.13.

Brookfield Asset Management Trading Down 1.4 %

Shares of NYSE:BAM opened at $59.94 on Friday. The stock has a market capitalization of $26.56 billion, a PE ratio of 53.04, a PEG ratio of 2.32 and a beta of 1.45. The firm has a 50 day moving average of $56.32 and a 200-day moving average of $49.84. 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 data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same period last year, the firm posted $0.35 earnings per share. On average, research analysts predict that Brookfield Asset Management Ltd. will post 1.45 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 2.54%. Brookfield Asset Management’s dividend payout ratio is currently 134.51%.

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.