Entropy Technologies LP Has $3.20 Million Holdings in Brookfield Asset Management Ltd. $BAM

Entropy Technologies LP lifted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 34.7% during the 4th quarter, Holdings Channel reports. The firm owned 61,124 shares of the financial services provider’s stock after purchasing an additional 15,744 shares during the period. Entropy Technologies LP’s holdings in Brookfield Asset Management were worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zions Bancorporation National Association UT boosted its stake in shares of Brookfield Asset Management by 241.3% in the fourth quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock valued at $26,000 after buying an additional 345 shares during the period. LOM Asset Management Ltd acquired a new stake in Brookfield Asset Management during the fourth quarter worth approximately $31,000. eCIO Inc. bought a new position in Brookfield Asset Management during the 4th quarter worth $42,000. Assetmark Inc. increased its stake in Brookfield Asset Management by 95.9% during the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 395 shares during the period. Finally, Cary Street Partners Financial LLC raised its holdings in Brookfield Asset Management by 227.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 562 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $47.09 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 1.89 and a beta of 1.26. The firm’s 50 day simple moving average is $47.42 and its 200 day simple moving average is $49.17. Brookfield Asset Management Ltd. has a 1 year low of $42.20 and a 1 year high of $64.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.43 billion. As a group, research analysts expect that Brookfield Asset Management Ltd. will post 1.75 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm 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 dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is currently 130.52%.

Wall Street Analyst Weigh In

BAM has been the topic of several analyst reports. UBS Group set a $52.00 target price on Brookfield Asset Management in a report on Friday, February 20th. Piper Sandler restated a “neutral” rating and issued a $50.00 price target (up from $48.00) on shares of Brookfield Asset Management in a research report on Monday, May 18th. The Goldman Sachs Group cut their price objective on shares of Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Zacks Research cut shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce set a $62.50 target price on shares of Brookfield Asset Management in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Brookfield Asset Management presently has an average rating of “Hold” and an average 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.