Nicola Wealth Management LTD. Boosts Position in Brookfield Asset Management Ltd. $BAM

Nicola Wealth Management LTD. increased its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 115.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 216,558 shares of the financial services provider’s stock after purchasing an additional 116,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Brookfield Asset Management were worth $12,325,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in Brookfield Asset Management by 1,270.6% in the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Brookfield Asset Management by 559.5% in the 2nd quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 442 shares during the period. Sagard Holdings Management Inc. acquired a new position in shares of Brookfield Asset Management during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its holdings in Brookfield Asset Management by 93.3% in the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 401 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Brookfield Asset Management by 1,123.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 832 shares of the financial services provider’s stock valued at $47,000 after buying an additional 764 shares during the period. Institutional investors own 68.41% of the company’s stock.

Wall Street Analysts Forecast Growth

BAM has been the subject of several recent analyst reports. Loop Capital set a $60.00 target price on Brookfield Asset Management in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Saturday, January 10th. UBS Group set a $58.00 price target on shares of Brookfield Asset Management and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Royal Bank Of Canada set a $74.00 price target on shares of Brookfield Asset Management and gave the company an “outperform” rating in a research report on Monday, December 15th. Finally, National Bankshares reduced their price target on Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.38.

Brookfield Asset Management Trading Down 0.4%

NYSE BAM opened at $51.07 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $83.65 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 2.20 and a beta of 1.39. The company’s 50 day moving average price is $52.62 and its 200 day moving average price is $56.13. Brookfield Asset Management Ltd. has a one year low of $41.78 and a one year high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. Brookfield Asset Management had a net margin of 58.25% and a return on equity of 33.77%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, November 28th were paid a dividend of $0.4375 per share. The ex-dividend date was Friday, November 28th. This represents a $1.75 annualized dividend and a yield of 3.4%. Brookfield Asset Management’s dividend payout ratio (DPR) is 109.38%.

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.