Brookfield Asset Management Ltd. (NYSE:BAM) Position Decreased by Check Capital Management Inc. CA

Check Capital Management Inc. CA decreased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 78.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,536 shares of the financial services provider’s stock after selling 41,000 shares during the period. Brookfield Asset Management makes up 0.0% of Check Capital Management Inc. CA’s portfolio, making the stock its 27th biggest holding. Check Capital Management Inc. CA’s holdings in Brookfield Asset Management were worth $625,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BAM. Hara Capital LLC bought a new position in shares of Brookfield Asset Management during the 3rd quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Brookfield Asset Management during the 3rd quarter valued at about $27,000. Versant Capital Management Inc boosted its position in shares of Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 771 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 329 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Securities raised their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods decreased their target price on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a report on Monday, January 13th. BMO Capital Markets raised their target price on shares of Brookfield Asset Management from $50.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, November 5th. Finally, Wells Fargo & Company decreased their target price on shares of Brookfield Asset Management from $55.00 to $54.00 and set an “underweight” rating for the company in a report on Thursday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $56.71.

Brookfield Asset Management Price Performance

NYSE BAM opened at $59.86 on Friday. The company has a 50 day simple moving average of $56.45 and a 200-day simple moving average of $51.06. The firm has a market capitalization of $26.53 billion, a price-to-earnings ratio of 52.98, a price-to-earnings-growth ratio of 2.18 and a beta of 1.46. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61.

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 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. On average, analysts predict that Brookfield Asset Management Ltd. will post 1.45 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be given a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

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.