Brookfield Asset Management Ltd. $BAM Shares Bought by DHJJ Financial Advisors Ltd.

DHJJ Financial Advisors Ltd. raised its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 100,000.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,001 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in Brookfield Asset Management were worth $55,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Brookfield Asset Management by 1.8% in the first quarter. Vanguard Group Inc. now owns 17,204,794 shares of the financial services provider’s stock valued at $832,833,000 after purchasing an additional 302,852 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Brookfield Asset Management by 58.9% in the first quarter. The Manufacturers Life Insurance Company now owns 3,360,125 shares of the financial services provider’s stock valued at $163,354,000 after purchasing an additional 1,246,011 shares during the period. Douglass Winthrop Advisors LLC grew its holdings in Brookfield Asset Management by 0.5% in the first quarter. Douglass Winthrop Advisors LLC now owns 2,672,065 shares of the financial services provider’s stock valued at $129,342,000 after purchasing an additional 14,498 shares during the period. Goldman Sachs Group Inc. grew its holdings in Brookfield Asset Management by 107.4% in the first quarter. Goldman Sachs Group Inc. now owns 2,363,192 shares of the financial services provider’s stock valued at $114,497,000 after purchasing an additional 1,224,012 shares during the period. Finally, Bank of Nova Scotia grew its holdings in Brookfield Asset Management by 1.2% in the first quarter. Bank of Nova Scotia now owns 2,269,833 shares of the financial services provider’s stock valued at $109,913,000 after purchasing an additional 27,913 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on Brookfield Asset Management from $55.00 to $57.00 and gave the company an “underweight” rating in a report on Friday, July 11th. Piper Sandler decreased their target price on Brookfield Asset Management from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. BMO Capital Markets raised their target price on Brookfield Asset Management from $53.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Scotiabank raised their target price on Brookfield Asset Management from $66.00 to $67.25 and gave the company a “sector outperform” rating in a research report on Thursday, August 7th. Finally, National Bank Financial assumed coverage on Brookfield Asset Management in a research report on Tuesday, July 29th. They issued an “outperform” rating and a $71.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Brookfield Asset Management has an average rating of “Moderate Buy” and a consensus price target of $63.52.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $57.83 on Friday. Brookfield Asset Management Ltd. has a one year low of $41.78 and a one year high of $64.10. The company has a market cap of $94.70 billion, a price-to-earnings ratio of 38.81, a PEG ratio of 2.07 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. The business’s 50 day moving average price is $59.72 and its 200 day moving average price is $56.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Brookfield Asset Management had a return on equity of 41.12% and a net margin of 55.92%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.29 billion. On average, research analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were given a dividend of $0.4375 per share. The ex-dividend date was Friday, August 29th. This represents a $1.75 dividend on an annualized basis and a yield of 3.0%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 117.45%.

Brookfield Asset Management Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.