Natixis Advisors LLC Has $55.38 Million Position in Brookfield Asset Management Ltd. $BAM

Natixis Advisors LLC boosted its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 10.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 972,537 shares of the financial services provider’s stock after acquiring an additional 90,097 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Brookfield Asset Management worth $55,376,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PDS Planning Inc increased its stake in shares of Brookfield Asset Management by 4.8% during the 3rd quarter. PDS Planning Inc now owns 4,054 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 184 shares during the last quarter. Truist Financial Corp lifted its stake in shares of Brookfield Asset Management by 1.4% in the 3rd quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 187 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Brookfield Asset Management by 2.1% in the 3rd quarter. Yousif Capital Management LLC now owns 11,010 shares of the financial services provider’s stock valued at $627,000 after purchasing an additional 226 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Brookfield Asset Management by 38.0% in the third quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 233 shares in the last quarter. Finally, Wulff Hansen & CO. boosted its holdings in Brookfield Asset Management by 3.2% in the third quarter. Wulff Hansen & CO. now owns 7,830 shares of the financial services provider’s stock worth $446,000 after purchasing an additional 240 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Down 0.2%

Brookfield Asset Management stock opened at $45.97 on Tuesday. The firm has a market cap of $75.30 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 1.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.92 and a quick ratio of 0.92. Brookfield Asset Management Ltd. has a fifty-two week low of $41.78 and a fifty-two week high of $64.10. The firm has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $53.75.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations 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, 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 will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be paid a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a yield of 4.4%. The ex-dividend date is 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 is currently 132.24%.

Analyst Upgrades and Downgrades

BAM has been the topic of several recent research reports. Morgan Stanley set a $63.00 target price on Brookfield Asset Management in a report on Tuesday, February 17th. BMO Capital Markets upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. UBS Group set a $52.00 price objective on Brookfield Asset Management in a report on Friday, February 20th. Scotiabank set a $64.00 price objective on Brookfield Asset Management and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Zacks Research upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management has an average rating of “Moderate Buy” and a consensus price target of $63.65.

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.