Segall Bryant & Hamill LLC Has $21.46 Million Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Segall Bryant & Hamill LLC decreased its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 395,963 shares of the financial services provider’s stock after selling 7,408 shares during the period. Segall Bryant & Hamill LLC’s holdings in Brookfield Asset Management were worth $21,457,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BAM. RPg Family Wealth Advisory LLC acquired a new stake in shares of Brookfield Asset Management in the third quarter worth $27,000. Truvestments Capital LLC lifted its stake in Brookfield Asset Management by 487.2% in the 4th quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 419 shares in the last quarter. Mountain Hill Investment Partners Corp. acquired a new stake in Brookfield Asset Management during the 4th quarter worth about $32,000. Versant Capital Management Inc grew its stake in Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 771 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of 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 purchasing an additional 329 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Stock Up 3.8 %

Shares of BAM stock opened at $51.43 on Tuesday. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $62.61. The company has a market cap of $22.79 billion, a PE ratio of 38.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. The business’s 50 day moving average is $55.17 and its two-hundred day moving average is $53.44.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping 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%. As a group, equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, February 28th will be paid a dividend of $0.4375 per share. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 28th. This represents a $1.75 annualized dividend and a yield of 3.40%. Brookfield Asset Management’s dividend payout ratio is presently 132.58%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. HSBC raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Scotiabank lowered their price target 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 objective on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Keefe, Bruyette & Woods lowered their target price on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group initiated coverage on Brookfield Asset Management in a research note on Monday, December 16th. They set a “buy” rating for the company. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

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.