Jones Financial Companies Lllp Has $134,000 Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Jones Financial Companies Lllp raised its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 91.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,477 shares of the financial services provider’s stock after acquiring an additional 1,182 shares during the quarter. Jones Financial Companies Lllp’s holdings in Brookfield Asset Management were worth $134,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in Brookfield Asset Management during the 3rd quarter worth about $27,000. Versant Capital Management Inc grew its stake in Brookfield Asset Management by 1,606.3% in the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after buying an additional 771 shares in the last quarter. Continuum Advisory LLC grew its stake in Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after buying an additional 329 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 319 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Brookfield Asset Management by 170.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,406 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 887 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BAM. HSBC raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. UBS Group assumed coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They set a “buy” rating on the stock. Scotiabank cut their price objective on shares of Brookfield Asset Management from $63.00 to $62.50 and set an “outperform” rating on the stock in a report on Thursday, February 13th. CIBC increased their price target on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Finally, Hsbc Global Res upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $56.71.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $46.89 on Friday. The stock has a market cap of $20.78 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The firm has a fifty day moving average price of $55.73 and a 200-day moving average price of $52.99. Brookfield Asset Management Ltd. has a 1 year low of $37.29 and a 1 year high of $62.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio (DPR) is 132.58%.

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.