Skandinaviska Enskilda Banken AB publ lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM – Get Rating) (TSE:BAM.A) by 40.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,500 shares of the financial services provider’s stock after selling 7,112 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Brookfield Asset Management were worth $407,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortis Advisors LLC increased its stake in shares of Brookfield Asset Management by 2.8% in the 3rd quarter. Fortis Advisors LLC now owns 8,250 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 225 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Brookfield Asset Management by 0.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 55,610 shares of the financial services provider’s stock worth $2,274,000 after acquiring an additional 250 shares during the last quarter. Glenmede Trust Co. NA increased its stake in shares of Brookfield Asset Management by 1.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 26,295 shares of the financial services provider’s stock worth $1,074,000 after acquiring an additional 258 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Brookfield Asset Management by 3.2% in the 3rd quarter. Park Avenue Securities LLC now owns 8,307 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 259 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in shares of Brookfield Asset Management by 5.1% in the 3rd quarter. Stephens Inc. AR now owns 5,412 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 261 shares during the last quarter.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the company. Keefe, Bruyette & Woods downgraded Brookfield Asset Management to an “underperform” rating in a research note on Tuesday, April 18th. StockNews.com initiated coverage on Brookfield Asset Management in a research report on Thursday, March 16th. They set a “hold” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $40.00 price objective on shares of Brookfield Asset Management in a research report on Tuesday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on Brookfield Asset Management from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $43.57.
Insider Buying and Selling
Brookfield Asset Management Stock Performance
Shares of BAM opened at $31.55 on Friday. The stock has a 50-day simple moving average of $32.20 and a 200-day simple moving average of $34.61. The stock has a market capitalization of $13.01 billion and a PE ratio of 19.72. Brookfield Asset Management Ltd. has a 1 year low of $26.76 and a 1 year high of $36.50.
Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, February 8th. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $958.10 million during the quarter, compared to analysts’ expectations of $21.81 billion. Analysts predict that Brookfield Asset Management Ltd. will post 1.4 EPS for the current year.
Brookfield Asset Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.06%. The ex-dividend date is Tuesday, May 30th. Brookfield Asset Management’s payout ratio is presently 80.00%.
About Brookfield Asset Management
Brookfield Asset Management Ltd. provides alternative asset management services. Its renewable power and transition business includes the ownership, operation, and development of hydroelectric, wind, solar, and energy transition power generating assets. The company's infrastructure business engages in the ownership, operation, and development of utilities, transport, midstream, data and sustainable resource assets.
Featured Stories
- Get a free copy of the StockNews.com research report on Brookfield Asset Management (BAM)
- MarketBeat Week in Review – 5/8 – 5/12
- An Updraft Is Brewing For DraftKings
- PepsiCo Hits “Sweet Spot” For APAC Growth, Macros Agree
- High-Risk Mullen Automotive Continues To Build Momentum
- 3 Recession-Proof Stocks With Nice Dividends
Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Ltd. (NYSE:BAM – Get Rating) (TSE:BAM.A).
Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.
