Nisa Investment Advisors LLC Increases Stock Holdings in Brookfield Asset Management Ltd. $BAM

Nisa Investment Advisors LLC grew its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 62,401.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 166,879 shares of the financial services provider’s stock after purchasing an additional 166,612 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brookfield Asset Management were worth $9,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BAM. AQR Capital Management LLC bought a new stake in Brookfield Asset Management during the first quarter valued at approximately $235,000. Goldman Sachs Group Inc. grew its position in shares of Brookfield Asset Management by 107.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,363,192 shares of the financial services provider’s stock valued at $114,497,000 after acquiring an additional 1,224,012 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Brookfield Asset Management by 10.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,050 shares of the financial services provider’s stock valued at $12,648,000 after acquiring an additional 24,013 shares during the period. Integrity Alliance LLC. purchased a new stake in shares of Brookfield Asset Management in the 1st quarter worth $281,000. Finally, Parallel Advisors LLC raised its holdings in Brookfield Asset Management by 54.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,407 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 849 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Trading Up 0.4%

Shares of BAM opened at $53.98 on Friday. 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 Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The company has a 50 day simple moving average of $52.85 and a two-hundred day simple moving average of $56.41. The firm has a market cap of $88.41 billion, a P/E ratio of 33.74, a price-to-earnings-growth ratio of 2.17 and a beta of 1.39.

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

Brookfield Asset Management Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Asset Management’s dividend payout ratio is 109.38%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BAM. Scotiabank reduced their price target on Brookfield Asset Management from $67.25 to $65.75 and set a “sector outperform” rating for the company in a research report on Monday, November 10th. Keefe, Bruyette & Woods cut their price objective on Brookfield Asset Management from $62.00 to $59.00 and set an “underperform” rating for the company in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. The Goldman Sachs Group lowered their price target on shares of Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 6th. Finally, UBS Group set a $59.00 price objective on shares of Brookfield Asset Management in a research note on Thursday, December 11th. 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, the company has an average rating of “Moderate Buy” and an average price target of $63.43.

About Brookfield Asset Management

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.