Mcdonald Capital Investors Inc. CA Sells 14,869 Shares of Brookfield Asset Management Ltd. $BAM

Mcdonald Capital Investors Inc. CA lessened its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,784 shares of the financial services provider’s stock after selling 14,869 shares during the quarter. Brookfield Asset Management accounts for 1.1% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 18th biggest holding. Mcdonald Capital Investors Inc. CA’s holdings in Brookfield Asset Management were worth $17,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BAM. LOM Asset Management Ltd bought a new stake in Brookfield Asset Management during the fourth quarter valued at approximately $31,000. eCIO Inc. bought a new position in Brookfield Asset Management in the fourth quarter worth approximately $42,000. Assetmark Inc. boosted its stake in shares of 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 last quarter. Cary Street Partners Financial LLC grew its position in shares of 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, TD Private Client Wealth LLC grew 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 period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Trading Down 1.2%

NYSE BAM opened at $45.92 on Thursday. The firm has a market cap of $75.22 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 1.93 and a beta of 1.38. The company has a 50 day moving average price of $45.96 and a 200 day moving average price of $50.36. Brookfield Asset Management Ltd. has a 52 week low of $42.20 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.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $0.47 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th were paid a $0.5025 dividend. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.44. The ex-dividend date was Friday, February 27th. This represents a $2.01 annualized dividend and a dividend yield of 4.4%. Brookfield Asset Management’s dividend payout ratio (DPR) is 132.24%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler decreased their target price on Brookfield Asset Management from $53.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Scotiabank decreased their price objective on Brookfield Asset Management from $64.00 to $56.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 25th. The Goldman Sachs Group reduced their target price 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. Loop Capital set a $60.00 price objective on shares of Brookfield Asset Management in a research report on Tuesday, January 6th. Finally, Morgan Stanley cut their target price on Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $61.76.

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.