QV Investors Inc. Sells 19,314 Shares of Brookfield Asset Management Ltd. $BAM

QV Investors Inc. lessened its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 7.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 249,744 shares of the financial services provider’s stock after selling 19,314 shares during the period. QV Investors Inc.’s holdings in Brookfield Asset Management were worth $13,100,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Stratos Wealth Partners LTD. grew its stake in shares of Brookfield Asset Management by 6.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 4,702 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 298 shares during the period. Herbst Group LLC purchased a new stake in Brookfield Asset Management in the 4th quarter worth approximately $1,426,000. Focus Financial Network Inc. raised its stake in Brookfield Asset Management by 4.6% during the 4th quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider’s stock worth $232,000 after acquiring an additional 194 shares during the period. Clear Trail Advisors LLC bought a new stake in Brookfield Asset Management during the 4th quarter worth approximately $698,000. Finally, SG Americas Securities LLC lifted its holdings in Brookfield Asset Management by 147.1% during the fourth quarter. SG Americas Securities LLC now owns 119,494 shares of the financial services provider’s stock valued at $6,260,000 after purchasing an additional 71,129 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Loop Capital set a $60.00 price target on shares of Brookfield Asset Management in a research report on Tuesday, January 6th. Piper Sandler upgraded shares of Brookfield Asset Management to a “hold” rating in a research report on Monday, March 23rd. Scotiabank lowered their target price on shares of Brookfield Asset Management from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. UBS Group set a $52.00 target price on shares of Brookfield Asset Management in a report on Friday, February 20th. Finally, Morgan Stanley set a $63.00 price target on Brookfield Asset Management in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management presently has an average rating of “Hold” and a consensus target price of $63.18.

Brookfield Asset Management Trading Up 0.1%

BAM stock opened at $44.49 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.92 and a quick ratio of 0.92. Brookfield Asset Management Ltd. has a 1-year low of $41.78 and a 1-year high of $64.10. The business has a 50 day simple moving average of $47.46 and a two-hundred day simple moving average of $51.80. The company has a market capitalization of $72.89 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.57 and a beta of 1.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.06. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.81%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were issued a $0.5025 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 4.5%. 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%.

Brookfield Asset Management Company 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.