Fiera Capital Corp Has $10.51 Million Stock Holdings in Brookfield Asset Management Ltd. $BAM

Fiera Capital Corp boosted its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 21.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 184,728 shares of the financial services provider’s stock after acquiring an additional 32,923 shares during the period. Fiera Capital Corp’s holdings in Brookfield Asset Management were worth $10,509,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Brookfield Asset Management during the first quarter valued at approximately $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Brookfield Asset Management by 10.1% during 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 worth $12,648,000 after buying an additional 24,013 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Brookfield Asset Management by 18.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 79,236 shares of the financial services provider’s stock worth $4,375,000 after buying an additional 12,571 shares in the last quarter. Denali Advisors LLC bought a new stake in Brookfield Asset Management in the 2nd quarter valued at $339,000. Finally, Cardinal Point Capital Management ULC acquired a new position in shares of Brookfield Asset Management in the 2nd quarter valued at $481,000. Institutional investors and hedge funds own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BAM shares. The Goldman Sachs Group decreased their target price on shares of Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, January 6th. UBS Group set a $52.00 price objective on Brookfield Asset Management in a report on Friday. Royal Bank Of Canada set a $74.00 target price on Brookfield Asset Management and gave the stock an “outperform” rating in a report on Monday, December 15th. Zacks Research raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Scotiabank set a $64.00 price target on Brookfield Asset Management and gave the company an “outperform” rating in a research report on Thursday, February 5th. Two 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 issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.65.

Brookfield Asset Management Stock Performance

NYSE:BAM opened at $50.60 on Friday. The stock has a market capitalization of $82.88 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 1.82 and a beta of 1.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. Brookfield Asset Management Ltd. has a 1 year low of $41.78 and a 1 year high of $64.10. The firm has a 50 day moving average of $52.10 and a 200-day moving average of $54.91.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Brookfield Asset Management had a return on equity of 29.67% and a net margin of 51.59%. As a group, sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be issued a $0.5025 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.44. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 132.24%.

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.