Radnor Capital Management LLC Has $1.48 Million Stock Position in Brookfield Asset Management Ltd. $BAM

Radnor Capital Management LLC raised its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 237.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,239 shares of the financial services provider’s stock after purchasing an additional 19,874 shares during the quarter. Radnor Capital Management LLC’s holdings in Brookfield Asset Management were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Brookfield Asset Management by 72.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,904,677 shares of the financial services provider’s stock valued at $222,161,000 after purchasing an additional 1,642,375 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Brookfield Asset Management by 1.5% during the third quarter. Vanguard Group Inc. now owns 17,425,392 shares of the financial services provider’s stock valued at $991,677,000 after purchasing an additional 253,789 shares in the last quarter. Cumberland Partners Ltd boosted its holdings in Brookfield Asset Management by 78.0% during the third quarter. Cumberland Partners Ltd now owns 126,015 shares of the financial services provider’s stock valued at $7,168,000 after purchasing an additional 55,225 shares in the last quarter. Hillsdale Investment Management Inc. boosted its holdings in Brookfield Asset Management by 65.6% during the third quarter. Hillsdale Investment Management Inc. now owns 254,212 shares of the financial services provider’s stock valued at $14,463,000 after purchasing an additional 100,713 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Brookfield Asset Management by 18.5% during the third quarter. New York State Common Retirement Fund now owns 465,600 shares of the financial services provider’s stock valued at $26,511,000 after purchasing an additional 72,600 shares in the last quarter. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Up 1.5%

Shares of BAM opened at $48.65 on Tuesday. The company has a market capitalization of $79.70 billion, a P/E ratio of 31.59, a PEG ratio of 1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38. Brookfield Asset Management Ltd. has a one year low of $42.20 and a one year high of $64.10. The business’s 50 day simple moving average is $46.08 and its 200-day simple moving average is $49.85.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.43 billion. As a group, sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 29th will be given a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s payout ratio is 130.52%.

Analyst Ratings Changes

BAM has been the topic of several recent analyst reports. UBS Group set a $52.00 target price on Brookfield Asset Management in a report on Friday, February 20th. Weiss Ratings downgraded Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Canadian Imperial Bank of Commerce set a $62.50 target price on Brookfield Asset Management in a report on Monday, May 11th. Piper Sandler reissued a “neutral” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a report on Monday. Finally, The Goldman Sachs Group reduced their target price on Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Brookfield Asset Management presently has an average rating of “Hold” and a consensus price target of $60.21.

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.