Brookfield Asset Management Ltd. $BAM Shares Sold by Capula Management Ltd

Capula Management Ltd lessened its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,868 shares of the financial services provider’s stock after selling 32,740 shares during the quarter. Capula Management Ltd’s holdings in Brookfield Asset Management were worth $7,845,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in Brookfield Asset Management during the first quarter worth $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Brookfield Asset Management by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,050 shares of the financial services provider’s stock valued at $12,648,000 after purchasing an additional 24,013 shares during the period. Vise Technologies Inc. acquired a new position in shares of Brookfield Asset Management in the 2nd quarter valued at $410,000. SBI Securities Co. Ltd. lifted its stake in shares of Brookfield Asset Management by 7.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,454 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 250 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Brookfield Asset Management by 6.8% during the 2nd quarter. Forsta AP Fonden now owns 91,300 shares of the financial services provider’s stock worth $5,043,000 after purchasing an additional 5,800 shares during the period. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BAM has been the subject of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th. Loop Capital set a $60.00 target price on shares of Brookfield Asset Management in a research report on Tuesday, January 6th. Zacks Research raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. UBS Group set a $52.00 price target on shares of Brookfield Asset Management in a research report on Friday, February 20th. Finally, Scotiabank set a $64.00 price target on shares of Brookfield Asset Management and gave the company an “outperform” rating in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $63.65.

Brookfield Asset Management Stock Down 0.6%

Shares of NYSE:BAM opened at $42.90 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. The firm has a market capitalization of $70.26 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The firm’s 50-day moving average is $50.17 and its two-hundred day moving average is $53.33. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.41 by $0.06. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.81%. Analysts predict that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be issued a dividend of $0.5025 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date is Friday, February 27th. This represents a $2.01 dividend on an annualized basis and a yield of 4.7%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 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.