Credit Suisse AG boosted its position in Brookfield Asset Management Ltd. (NYSE:BAM – Free Report) (TSE:BAM.A) by 3,616.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 612,252 shares of the financial services provider’s stock after acquiring an additional 595,779 shares during the quarter. Credit Suisse AG owned 0.15% of Brookfield Asset Management worth $20,033,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Brookfield Asset Management by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider’s stock valued at $2,491,950,000 after purchasing an additional 1,220,298 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Brookfield Asset Management by 30,651.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 31,097,454 shares of the financial services provider’s stock valued at $891,564,000 after buying an additional 30,996,329 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Brookfield Asset Management by 166.2% in the first quarter. Goldman Sachs Group Inc. now owns 7,051,145 shares of the financial services provider’s stock valued at $398,883,000 after buying an additional 4,402,115 shares in the last quarter. Invesco Ltd. raised its stake in Brookfield Asset Management by 1.1% in the first quarter. Invesco Ltd. now owns 6,357,751 shares of the financial services provider’s stock valued at $359,657,000 after buying an additional 70,087 shares in the last quarter. Finally, Norges Bank purchased a new stake in Brookfield Asset Management during the 4th quarter worth about $152,180,000. Hedge funds and other institutional investors own 57.29% of the company’s stock.
Brookfield Asset Management Price Performance
Shares of Brookfield Asset Management stock opened at $33.24 on Thursday. The company’s fifty day moving average is $33.05 and its two-hundred day moving average is $32.71. Brookfield Asset Management Ltd. has a 1 year low of $26.76 and a 1 year high of $36.50.
Brookfield Asset Management Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Wednesday, August 30th.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on BAM shares. Deutsche Bank Aktiengesellschaft raised their target price on Brookfield Asset Management from $34.00 to $35.00 in a research report on Thursday, August 10th. BMO Capital Markets raised their price objective on shares of Brookfield Asset Management from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Thursday, August 10th. TD Securities upped their target price on shares of Brookfield Asset Management from $47.00 to $48.00 and gave the company an “action list buy” rating in a report on Thursday, August 10th. Scotiabank assumed coverage on shares of Brookfield Asset Management in a research report on Thursday, July 13th. They issued an “outperform” rating on the stock. Finally, StockNews.com initiated coverage on shares of Brookfield Asset Management in a research report on Thursday, August 17th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Brookfield Asset Management presently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
Get Our Latest Research Report on Brookfield Asset Management
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.
Read More
- Five stocks we like better than Brookfield Asset Management
- What is ChatGPT Stock? How to Invest in It
- Bear Market vs Recession: What Are the Differences?
- How to Use the MarketBeat Stock Split Calculator
- 7 Best AI Mutual Funds (and ETFs) to Sweep the AI Craze
- How to Buy Gold Stock and Invest in Gold
- Auto Parts Stocks Shift Gears: Which is the Right One to Buy?
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 – Free Report) (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.
