SG Americas Securities LLC Makes New $2.75 Million Investment in Brookfield Asset Management Ltd. $BAM

SG Americas Securities LLC purchased a new stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 48,365 shares of the financial services provider’s stock, valued at approximately $2,754,000.

A number of other hedge funds also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 432 shares during the period. Manchester Capital Management LLC raised its holdings in Brookfield Asset Management by 559.5% during the 2nd quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 442 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in shares of Brookfield Asset Management in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its position in shares of Brookfield Asset Management by 93.3% in the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 401 shares during the period. Finally, DHJJ Financial Advisors Ltd. boosted its stake in shares of Brookfield Asset Management by 100,000.0% in the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 1,001 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 1,000 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BAM. Scotiabank lowered their target price on shares of Brookfield Asset Management from $67.25 to $65.75 and set a “sector outperform” rating for the company in a research note on Monday, November 10th. Loop Capital set a $60.00 price target on Brookfield Asset Management in a report on Tuesday, January 6th. UBS Group set a $58.00 price objective on Brookfield Asset Management and gave the company a “neutral” rating in a research note on Tuesday. Weiss Ratings restated a “buy (b-)” rating on shares of Brookfield Asset Management in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada set a $74.00 target price on Brookfield Asset Management and gave the stock an “outperform” rating in a report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.38.

Brookfield Asset Management Stock Performance

Shares of BAM opened at $52.45 on Wednesday. Brookfield Asset Management Ltd. has a one year low of $41.78 and a one year high of $64.10. The company has a market cap of $85.91 billion, a PE ratio of 32.78, a P/E/G ratio of 2.19 and a beta of 1.39. The stock has a 50-day moving average of $52.82 and a 200-day moving average of $56.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.97 and a quick ratio of 0.97.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a return on equity of 33.77% and a net margin of 58.25%.The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, equities research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were given a $0.4375 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.75 annualized dividend and a yield of 3.3%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 109.38%.

Brookfield Asset Management Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.