William Blair Investment Management LLC Buys New Position in Brookfield Asset Management Ltd. (NYSE:BAM)

William Blair Investment Management LLC bought a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,767,650 shares of the financial services provider’s stock, valued at approximately $204,169,000. William Blair Investment Management LLC owned approximately 0.85% of Brookfield Asset Management as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BAM. Principal Financial Group Inc. lifted its holdings in shares of Brookfield Asset Management by 0.3% during the third quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider’s stock valued at $419,400,000 after purchasing an additional 24,409 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Brookfield Asset Management during the third quarter valued at $219,000. Natixis Advisors LLC lifted its holdings in shares of Brookfield Asset Management by 58.1% during the third quarter. Natixis Advisors LLC now owns 589,572 shares of the financial services provider’s stock valued at $27,881,000 after purchasing an additional 216,591 shares during the last quarter. Sather Financial Group Inc lifted its holdings in shares of Brookfield Asset Management by 1.5% during the third quarter. Sather Financial Group Inc now owns 497,082 shares of the financial services provider’s stock valued at $23,507,000 after purchasing an additional 7,250 shares during the last quarter. Finally, Pathstone Holdings LLC lifted its holdings in shares of Brookfield Asset Management by 1.0% during the third quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 278 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

BAM opened at $46.89 on Monday. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The business has a 50-day moving average of $55.73 and a 200-day moving average of $53.07. The company has a market capitalization of $20.78 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. On average, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com downgraded Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Wells Fargo & Company reduced their price objective on Brookfield Asset Management from $55.00 to $54.00 and set an “underweight” rating for the company in a research note on Thursday, February 13th. The Goldman Sachs Group increased their price objective on Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. CIBC increased their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Finally, Scotiabank reduced their price objective on Brookfield Asset Management from $63.00 to $62.50 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.71.

About Brookfield Asset Management

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.