9,756 Shares in Brookfield Asset Management Ltd. (NYSE:BAM) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 9,756 shares of the financial services provider’s stock, valued at approximately $392,000.

A number of other institutional investors also recently bought and sold shares of the business. Bfsg LLC purchased a new position in shares of Brookfield Asset Management during the fourth quarter worth $51,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Brookfield Asset Management by 39.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,764 shares of the financial services provider’s stock valued at $59,000 after buying an additional 500 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of Brookfield Asset Management in the 4th quarter valued at about $119,000. EverSource Wealth Advisors LLC boosted its stake in shares of Brookfield Asset Management by 87.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,680 shares of the financial services provider’s stock worth $148,000 after buying an additional 1,720 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in Brookfield Asset Management during the fourth quarter worth about $202,000. 68.41% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BAM shares. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $47.00 to $44.50 and set a “sector outperform” rating on the stock in a research note on Thursday, May 9th. Royal Bank of Canada raised their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, JPMorgan Chase & Co. assumed coverage on Brookfield Asset Management in a report on Wednesday, May 15th. They issued a “neutral” rating and a $41.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Brookfield Asset Management has a consensus rating of “Moderate Buy” and a consensus price target of $42.14.

Brookfield Asset Management Price Performance

Shares of Brookfield Asset Management stock opened at $37.99 on Wednesday. The stock has a market capitalization of $16.80 billion, a P/E ratio of 35.18, a PEG ratio of 1.71 and a beta of 1.67. The business has a 50 day simple moving average of $39.20 and a two-hundred day simple moving average of $39.72. Brookfield Asset Management Ltd. has a 12 month low of $28.35 and a 12 month high of $43.00.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Brookfield Asset Management had a return on equity of 98.98% and a net margin of 49.36%. The firm had revenue of $884.00 million during the quarter. As a group, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, May 31st. Brookfield Asset Management’s dividend payout ratio is currently 140.74%.

Brookfield Asset Management Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.