Capital International Inc. CA Acquires 71,379 Shares of Brookfield Asset Management Ltd. $BAM

Capital International Inc. CA lifted its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 22.5% in the 3rd quarter, Holdings Channel reports. The firm owned 388,624 shares of the financial services provider’s stock after acquiring an additional 71,379 shares during the period. Capital International Inc. CA’s holdings in Brookfield Asset Management were worth $22,128,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Manchester Capital Management LLC boosted its position in shares of Brookfield Asset Management by 559.5% during the second quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock valued at $29,000 after buying an additional 442 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in Brookfield Asset Management in the 2nd quarter worth about $39,000. Assetmark Inc. raised its position in Brookfield Asset Management by 95.9% in the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock worth $46,000 after buying an additional 395 shares during the last quarter. Cary Street Partners Financial LLC lifted its stake in Brookfield Asset Management by 227.5% during 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 during the period. Finally, GAMMA Investing LLC lifted its stake in Brookfield Asset Management by 93.3% during the 3rd quarter. GAMMA Investing LLC now owns 831 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 401 shares during the period. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Price Performance

NYSE BAM opened at $45.28 on Wednesday. The company has a 50-day moving average price of $50.72 and a 200-day moving average price of $53.64. Brookfield Asset Management Ltd. has a 52 week low of $41.78 and a 52 week high of $64.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $74.17 billion, a P/E ratio of 29.79, a PEG ratio of 1.62 and a beta of 1.42.

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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.81%. Equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, February 27th will be paid a dividend of $0.5025 per share. The ex-dividend date is Friday, February 27th. This represents a $2.01 annualized dividend and a dividend yield of 4.4%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.44. Brookfield Asset Management’s dividend payout ratio is 132.24%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BAM shares. Zacks Research upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Brookfield Asset Management in a research report on Monday, December 22nd. BMO Capital Markets raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. UBS Group set a $52.00 target price on shares of Brookfield Asset Management in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. increased their price target on Brookfield Asset Management from $68.00 to $72.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.65.

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.