Versant Capital Management Inc Grows Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Versant Capital Management Inc grew its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1,606.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 819 shares of the financial services provider’s stock after buying an additional 771 shares during the period. Versant Capital Management Inc’s holdings in Brookfield Asset Management were worth $44,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BAM. Acadian Asset Management LLC increased its position in Brookfield Asset Management by 5,033.8% during the 2nd quarter. Acadian Asset Management LLC now owns 7,136 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 6,997 shares during the period. Legacy Bridge LLC bought a new position in Brookfield Asset Management in the second quarter worth about $52,000. Choreo LLC purchased a new stake in Brookfield Asset Management in the second quarter worth about $239,000. AGF Management Ltd. boosted its position in Brookfield Asset Management by 48.0% during the 2nd quarter. AGF Management Ltd. now owns 1,015,919 shares of the financial services provider’s stock valued at $38,749,000 after acquiring an additional 329,573 shares in the last quarter. Finally, America First Investment Advisors LLC grew its holdings in shares of Brookfield Asset Management by 8.1% during the 2nd quarter. America First Investment Advisors LLC now owns 461,916 shares of the financial services provider’s stock worth $17,576,000 after acquiring an additional 34,558 shares during the period. Institutional investors own 68.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Bank of America lifted their price target on Brookfield Asset Management from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Royal Bank of Canada upped their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. UBS Group assumed coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They set a “buy” rating for the company. TD Securities upped their price objective on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Hold” and a consensus price target of $54.54.

Brookfield Asset Management Trading Up 0.3 %

Brookfield Asset Management stock opened at $54.83 on Tuesday. Brookfield Asset Management Ltd. has a 12 month low of $37.19 and a 12 month high of $59.58. The firm has a market cap of $24.29 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 2.43 and a beta of 1.45. The stock has a fifty day simple moving average of $55.94 and a two-hundred day simple moving average of $47.72.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the business earned $0.35 EPS. On average, equities research analysts forecast that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

Brookfield Asset Management Company 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.