QV Investors Inc. Has $15.32 Million Position in Brookfield Asset Management Ltd. $BAM

QV Investors Inc. lessened its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 21.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,058 shares of the financial services provider’s stock after selling 73,623 shares during the period. Brookfield Asset Management accounts for about 1.3% of QV Investors Inc.’s portfolio, making the stock its 28th biggest position. QV Investors Inc.’s holdings in Brookfield Asset Management were worth $15,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of BAM. Envestnet Asset Management Inc. lifted its position in Brookfield Asset Management by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 430,081 shares of the financial services provider’s stock worth $23,774,000 after purchasing an additional 6,728 shares during the period. Legal & General Group Plc increased its holdings in Brookfield Asset Management by 144.5% in the 2nd quarter. Legal & General Group Plc now owns 80,632 shares of the financial services provider’s stock valued at $4,456,000 after buying an additional 47,659 shares during the period. Avior Wealth Management LLC raised its position in shares of Brookfield Asset Management by 2,106.9% in the 2nd quarter. Avior Wealth Management LLC now owns 7,724 shares of the financial services provider’s stock valued at $427,000 after buying an additional 7,374 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brookfield Asset Management by 62.4% during the 2nd quarter. Geode Capital Management LLC now owns 3,755,340 shares of the financial services provider’s stock worth $208,571,000 after acquiring an additional 1,443,441 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth approximately $2,754,000. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Price Performance

Shares of BAM opened at $51.61 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.05. The stock has a market cap of $84.53 billion, a PE ratio of 32.26, a PEG ratio of 2.18 and a beta of 1.39. Brookfield Asset Management Ltd. has a 12-month low of $41.78 and a 12-month high of $64.10. The business has a 50-day simple moving average of $52.59 and a two-hundred day simple moving average of $56.19.

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 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.34 billion. Analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, November 28th were issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Asset Management’s payout ratio is presently 109.38%.

Wall Street Analyst Weigh In

BAM has been the subject of several research analyst reports. UBS Group set a $58.00 price objective on shares of Brookfield Asset Management and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Wall Street Zen raised Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. National Bankshares reduced their price objective on Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. The Goldman Sachs Group lowered their target price on Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 6th. Finally, Scotiabank dropped 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 report on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.38.

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.