Laffer Tengler Investments Inc. Has $8.55 Million Holdings in Brookfield Asset Management Ltd. $BAM

Laffer Tengler Investments Inc. lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 16.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,136 shares of the financial services provider’s stock after buying an additional 20,826 shares during the quarter. Brookfield Asset Management comprises approximately 1.4% of Laffer Tengler Investments Inc.’s holdings, making the stock its 23rd biggest position. Laffer Tengler Investments Inc.’s holdings in Brookfield Asset Management were worth $8,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BAM. Diversify Wealth Management LLC grew its position in shares of Brookfield Asset Management by 3.3% in the 3rd quarter. Diversify Wealth Management LLC now owns 23,057 shares of the financial services provider’s stock valued at $1,253,000 after acquiring an additional 743 shares during the period. Xponance Inc. lifted its stake in Brookfield Asset Management by 3.3% in the 3rd quarter. Xponance Inc. now owns 31,545 shares of the financial services provider’s stock valued at $1,796,000 after purchasing an additional 1,011 shares during the last quarter. Montrusco Bolton Investments Inc. grew its holdings in Brookfield Asset Management by 5.1% during the third quarter. Montrusco Bolton Investments Inc. now owns 329,296 shares of the financial services provider’s stock worth $18,744,000 after purchasing an additional 15,879 shares during the period. Intech Investment Management LLC increased its position in Brookfield Asset Management by 350.3% during the third quarter. Intech Investment Management LLC now owns 38,722 shares of the financial services provider’s stock worth $2,204,000 after buying an additional 30,122 shares during the last quarter. Finally, US Bancorp DE raised its stake in Brookfield Asset Management by 7.6% in the third quarter. US Bancorp DE now owns 19,900 shares of the financial services provider’s stock valued at $1,133,000 after buying an additional 1,407 shares during the period. 68.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on BAM. Scotiabank set a $64.00 target price on Brookfield Asset Management and gave the stock an “outperform” rating in a report on Thursday, February 5th. Zacks Research raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Loop Capital set a $60.00 price objective on shares of Brookfield Asset Management in a report on Tuesday, January 6th. Morgan Stanley set a $63.00 target price on shares of Brookfield Asset Management in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brookfield Asset Management from $68.00 to $72.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $63.65.

Brookfield Asset Management Trading Down 1.2%

Shares of Brookfield Asset Management stock opened at $46.56 on Wednesday. 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 50-day moving average of $51.42 and a 200-day moving average of $54.13. Brookfield Asset Management Ltd. has a 52-week low of $41.78 and a 52-week high of $64.10. The stock has a market cap of $76.26 billion, a PE ratio of 30.63, a PEG ratio of 1.66 and a beta of 1.42.

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 for the quarter, topping 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 29.67%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a $0.5025 dividend. This represents a $2.01 annualized dividend and a dividend yield of 4.3%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is presently 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.