Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM – Free Report) (TSE:BAM.A) by 10.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,969 shares of the financial services provider’s stock after purchasing an additional 11,553 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brookfield Asset Management were worth $4,055,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of BAM. Signaturefd LLC boosted its position in shares of Brookfield Asset Management by 288.8% during the 1st quarter. Signaturefd LLC now owns 762 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 566 shares in the last quarter. CWM LLC lifted its stake in Brookfield Asset Management by 107.9% during the first quarter. CWM LLC now owns 1,021 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 530 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Brookfield Asset Management by 35.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,057 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 277 shares in the last quarter. UMB Bank n.a. purchased a new position in Brookfield Asset Management in the first quarter valued at approximately $35,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Brookfield Asset Management by 1,995.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,718 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on BAM shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Brookfield Asset Management from $34.00 to $35.00 in a research report on Thursday. BMO Capital Markets lifted their target price on Brookfield Asset Management from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday. StockNews.com began coverage on Brookfield Asset Management in a research report on Thursday, May 18th. They issued a “hold” rating for the company. TD Securities lifted their price target on Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “action list buy” rating in a research report on Thursday. Finally, Scotiabank began coverage on Brookfield Asset Management in a report on Thursday, July 13th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.
Brookfield Asset Management Stock Performance
Brookfield Asset Management stock opened at $35.13 on Friday. The business has a 50 day simple moving average of $32.82 and a 200-day simple moving average of $32.64. Brookfield Asset Management Ltd. has a 12 month low of $26.76 and a 12 month high of $36.50.
Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $985.00 million for the quarter. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.31 EPS for the current fiscal year.
Brookfield Asset Management Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend is Wednesday, August 30th.
Brookfield Asset Management Company Profile
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.
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