Brookfield Asset Management Ltd. $BAM Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 228.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,488 shares of the financial services provider’s stock after purchasing an additional 11,472 shares during the quarter. GSA Capital Partners LLP’s holdings in Brookfield Asset Management were worth $939,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of BAM. PDS Planning Inc boosted its holdings in shares of Brookfield Asset Management by 4.8% in the 3rd quarter. PDS Planning Inc now owns 4,054 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 184 shares during the last quarter. Truist Financial Corp boosted its holdings in Brookfield Asset Management by 1.4% in the third quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 187 shares during the last quarter. GoalVest Advisory LLC grew its position in Brookfield Asset Management by 9.5% during the second quarter. GoalVest Advisory LLC now owns 2,180 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 190 shares during the period. Yousif Capital Management LLC increased its stake in Brookfield Asset Management by 2.1% during the third quarter. Yousif Capital Management LLC now owns 11,010 shares of the financial services provider’s stock worth $627,000 after acquiring an additional 226 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of Brookfield Asset Management by 38.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Shares of BAM stock opened at $50.60 on Friday. The firm has a fifty day simple moving average of $52.10 and a 200-day simple moving average of $54.91. The company has a market capitalization of $82.88 billion, a PE ratio of 33.29, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. Brookfield Asset Management Ltd. has a twelve month low of $41.78 and a twelve month high of $64.10. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Brookfield Asset Management had a return on equity of 29.67% and a net margin of 51.59%.The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a dividend of $0.5025 per share. The ex-dividend date is Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 4.0%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.44. Brookfield Asset Management’s payout ratio is presently 132.24%.

Analyst Ratings Changes

A number of analysts have recently issued reports on BAM shares. UBS Group set a $52.00 target price on Brookfield Asset Management in a report on Friday. Loop Capital set a $60.00 price objective on shares of Brookfield Asset Management in a research note on Tuesday, January 6th. National Bank Financial cut their target price on shares of 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. BMO Capital Markets raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, JPMorgan Chase & Co. increased their price target on Brookfield Asset Management from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.65.

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.