Natixis Advisors LLC Acquires 59,652 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Natixis Advisors LLC boosted its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 649,224 shares of the financial services provider’s stock after purchasing an additional 59,652 shares during the quarter. Natixis Advisors LLC owned about 0.15% of Brookfield Asset Management worth $35,181,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BAM. RPg Family Wealth Advisory LLC bought a new stake in Brookfield Asset Management in the third quarter worth approximately $27,000. Truvestments Capital LLC increased its holdings in shares of Brookfield Asset Management by 487.2% during the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 419 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 771 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of 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 valued at $52,000 after acquiring an additional 329 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 319 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $46.89 on Monday. The firm has a market cap of $20.78 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61. The firm has a 50-day moving average price of $55.73 and a two-hundred day moving average price of $53.07.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.73%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 132.58%.

Analyst Ratings Changes

Several equities research analysts have recently commented on BAM shares. BMO Capital Markets boosted their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, February 13th. Hsbc Global Res upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. TD Securities boosted their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the company a “buy” rating in a report on Monday, February 10th. UBS Group began coverage on Brookfield Asset Management in a report on Monday, December 16th. They set a “buy” rating for the company. Finally, Wells Fargo & Company decreased their price target on Brookfield Asset Management from $55.00 to $54.00 and set an “underweight” rating for the company in a report on Thursday, February 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.71.

Brookfield Asset Management 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.