Check Capital Management Inc. CA Lowers Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Check Capital Management Inc. CA decreased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 52,536 shares of the financial services provider’s stock after selling 973 shares during the period. Brookfield Asset Management comprises about 0.1% of Check Capital Management Inc. CA’s holdings, making the stock its 18th largest holding. Check Capital Management Inc. CA’s holdings in Brookfield Asset Management were worth $2,484,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Brookfield Asset Management in the 1st quarter worth about $137,000. Headlands Technologies LLC purchased a new position in shares of Brookfield Asset Management during the first quarter valued at approximately $53,000. Russell Investments Group Ltd. boosted its position in shares of Brookfield Asset Management by 2.7% in the 1st quarter. Russell Investments Group Ltd. now owns 140,125 shares of the financial services provider’s stock worth $5,892,000 after purchasing an additional 3,692 shares in the last quarter. SageView Advisory Group LLC bought a new stake in Brookfield Asset Management in the first quarter worth $273,000. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Brookfield Asset Management in the 1st quarter worth about $250,000. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Trading Down 0.9 %

BAM opened at $56.07 on Friday. Brookfield Asset Management Ltd. has a 12-month low of $32.76 and a 12-month high of $58.53. The company has a market cap of $24.84 billion, a price-to-earnings ratio of 49.62, a PEG ratio of 2.36 and a beta of 1.42. The company’s 50 day moving average is $49.38 and its 200 day moving average is $43.16.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $1.12 billion during 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 in the prior year, the business posted $0.35 EPS. As a group, analysts predict that Brookfield Asset Management Ltd. will post 1.45 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.71%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

Analyst Ratings Changes

BAM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Brookfield Asset Management from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada increased their target price on Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. CIBC boosted their price target on Brookfield Asset Management from $47.00 to $49.00 and gave the stock an “outperformer” rating in a research note on Friday, July 19th. Bank of America increased their price objective on Brookfield Asset Management from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Brookfield Asset Management from $44.00 to $49.00 and gave the stock an “underperform” rating in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.54.

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.