Brookfield Asset Management Ltd. $BAM Shares Sold by Skba Capital Management LLC

Skba Capital Management LLC lowered its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 26.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 102,100 shares of the financial services provider’s stock after selling 37,600 shares during the period. Skba Capital Management LLC’s holdings in Brookfield Asset Management were worth $5,814,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Manchester Capital Management LLC raised its stake in Brookfield Asset Management by 559.5% during the second quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock valued at $29,000 after buying an additional 442 shares in the last quarter. Sagard Holdings Management Inc. bought a new stake in shares of Brookfield Asset Management in the 2nd quarter valued at approximately $39,000. Assetmark Inc. raised its position in shares of Brookfield Asset Management by 95.9% during the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 395 shares in the last quarter. Cary Street Partners Financial LLC lifted its stake in Brookfield Asset Management by 227.5% during the third quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 562 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Brookfield Asset Management by 93.3% during the third 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 last quarter. Institutional investors own 68.41% of the company’s stock.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their target price on shares of Brookfield Asset Management from $62.00 to $59.00 and set an “underperform” rating on the stock in a report on Monday, November 10th. Morgan Stanley set a $63.00 price objective on shares of Brookfield Asset Management in a research report on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. Royal Bank Of Canada set a $74.00 target price on Brookfield Asset Management and gave the company an “outperform” rating in a research note on Monday, December 15th. Finally, The Goldman Sachs Group dropped their price target on Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Brookfield Asset Management has a consensus rating of “Moderate Buy” and a consensus target price of $63.65.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $46.56 on Wednesday. The firm’s 50 day moving average is $51.42 and its two-hundred day moving average is $54.13. The firm has a market capitalization of $76.26 billion, a P/E ratio of 30.63, a PEG ratio of 1.66 and a beta of 1.42. 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 Ltd. has a 52 week low of $41.78 and a 52 week high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be issued a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is 132.24%.

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.