Cwm LLC Has $93,000 Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Cwm LLC increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 12.2% in the 2nd quarter, Holdings Channel reports. The firm owned 2,448 shares of the financial services provider’s stock after purchasing an additional 267 shares during the period. Cwm LLC’s holdings in Brookfield Asset Management were worth $93,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. YHB Investment Advisors Inc. acquired a new position in Brookfield Asset Management during the 1st quarter worth $26,000. Massmutual Trust Co. FSB ADV boosted its stake in Brookfield Asset Management by 98.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 777 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its stake in Brookfield Asset Management by 574.2% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 890 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 758 shares during the period. Quent Capital LLC grew its holdings in Brookfield Asset Management by 62.4% in the 1st quarter. Quent Capital LLC now owns 1,132 shares of the financial services provider’s stock valued at $48,000 after buying an additional 435 shares during the last quarter. Finally, Bfsg LLC bought a new position in Brookfield Asset Management in the 4th quarter worth approximately $51,000. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BAM. StockNews.com cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. TD Securities raised their price target on shares of Brookfield Asset Management from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $46.00 to $45.50 and set a “sector outperform” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Asset Management from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada boosted their price target on Brookfield Asset Management from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management has an average rating of “Hold” and a consensus price target of $42.46.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $40.90 on Monday. The business’s fifty day moving average price is $39.73 and its two-hundred day moving average price is $40.13. Brookfield Asset Management Ltd. has a fifty-two week low of $28.35 and a fifty-two week high of $44.38. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.57.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Friday, August 9th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 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 $916.00 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $0.28 EPS. Research analysts expect that Brookfield Asset Management Ltd. will post 1.47 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, August 30th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 140.74%.

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.