SG Americas Securities LLC Has $6.26 Million Holdings in Brookfield Asset Management Ltd. $BAM

SG Americas Securities LLC lifted its stake in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 147.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 119,494 shares of the financial services provider’s stock after purchasing an additional 71,129 shares during the period. SG Americas Securities LLC’s holdings in Brookfield Asset Management were worth $6,260,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sagard Holdings Management Inc. bought a new position in Brookfield Asset Management in the 2nd quarter worth approximately $39,000. Assetmark Inc. boosted its stake in Brookfield Asset Management by 95.9% in the third quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 395 shares during the last quarter. Cary Street Partners Financial LLC grew its holdings 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 worth $46,000 after acquiring an additional 562 shares during the period. GAMMA Investing LLC raised its position in shares of 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 last quarter. Finally, TD Private Client Wealth LLC raised its position in shares of Brookfield Asset Management by 1,123.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 832 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 764 shares during the last quarter. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Stock Performance

BAM stock opened at $44.46 on Wednesday. Brookfield Asset Management Ltd. has a 1-year low of $41.78 and a 1-year high of $64.10. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.05. The firm has a market cap of $72.83 billion, a PE ratio of 29.25, a P/E/G ratio of 1.53 and a beta of 1.42. The business’s 50-day moving average price is $47.87 and its two-hundred day moving average price is $52.05.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, February 27th were paid a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.44. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 132.24%.

Analyst Upgrades and Downgrades

BAM has been the topic of several recent research reports. Piper Sandler upgraded Brookfield Asset Management to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Royal Bank Of Canada set a $74.00 target price on Brookfield Asset Management and gave the company an “outperform” rating in a research note on Monday, December 15th. Zacks Research cut Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, BMO Capital Markets raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $63.18.

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.