Capula Management Ltd Sells 53,052 Shares of Brookfield Asset Management Ltd. $BAM

Capula Management Ltd reduced its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 58.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,800 shares of the financial services provider’s stock after selling 53,052 shares during the quarter. Capula Management Ltd’s holdings in Brookfield Asset Management were worth $1,680,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BAM. Vanguard Group Inc. raised its holdings in shares of Brookfield Asset Management by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 17,723,182 shares of the financial services provider’s stock worth $928,414,000 after acquiring an additional 297,790 shares in the last quarter. Cooke & Bieler LP grew its holdings in shares of Brookfield Asset Management by 48.6% in the fourth quarter. Cooke & Bieler LP now owns 2,001,903 shares of the financial services provider’s stock valued at $104,880,000 after purchasing an additional 655,009 shares in the last quarter. Principal Financial Group Inc. increased its position in Brookfield Asset Management by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 7,863,457 shares of the financial services provider’s stock worth $411,972,000 after purchasing an additional 533,639 shares during the last quarter. SG Americas Securities LLC raised its stake in Brookfield Asset Management by 147.1% during the fourth quarter. SG Americas Securities LLC now owns 119,494 shares of the financial services provider’s stock valued at $6,260,000 after purchasing an additional 71,129 shares in the last quarter. Finally, Nicola Wealth Management LTD. raised its stake in Brookfield Asset Management by 16.3% during the fourth quarter. Nicola Wealth Management LTD. now owns 251,758 shares of the financial services provider’s stock valued at $13,190,000 after purchasing an additional 35,200 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BAM has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. The Goldman Sachs Group lowered their price target on shares of Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Wall Street Zen lowered Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Piper Sandler reissued a “neutral” rating and set a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a research note on Monday, May 18th. Finally, Canadian Imperial Bank of Commerce set a $62.50 price objective on Brookfield Asset Management in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.03.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock opened at $45.76 on Friday. The company has a 50 day moving average price of $47.03 and a 200-day moving average price of $47.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38. Brookfield Asset Management Ltd. has a fifty-two week low of $42.20 and a fifty-two week high of $64.10. The company has a market capitalization of $74.96 billion, a PE ratio of 29.71, a P/E/G ratio of 1.91 and a beta of 1.29.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%. As a group, equities analysts forecast that Brookfield Asset Management Ltd. will post 1.73 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $0.5025 dividend. This represents a $2.01 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is currently 130.52%.

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.