Bridges Investment Management Increases Stake in Brookfield Asset Management

Bridges Investment Management Inc. has increased its investment in Brookfield Asset Management Ltd. (NYSE:BAM) by 57.9% during the fourth quarter. This information comes from the latest Form 13F filing submitted to the Securities & Exchange Commission. After acquiring an additional 4,560 shares during this period, the firm now holds a total of 12,439 shares in the financial services company, which are valued at approximately $674,000 based on the most recent reporting.

• Heavy Hitters in Alternative Asset Management

Several other institutional investors and hedge funds have also been active in buying and selling shares of Brookfield Asset Management. For instance, Hara Capital LLC entered a new position in Brookfield during the third quarter, investing $27,000. Similarly, RPg Family Wealth Advisory LLC made a new investment valued at $27,000 in the same period. Furthermore, Versant Capital Management Inc. significantly increased its stake by 1,606.3% in the fourth quarter, owning 819 shares valued at $44,000 after acquiring an additional 771 shares. Continuum Advisory LLC also raised its stake by 42.2% in the third quarter, now owning 1,109 shares valued at $52,000, following the acquisition of 329 additional shares. Additionally, Thurston Springer Miller Herd & Titak Inc. grew its position by 35.1% during the fourth quarter, increasing its ownership to 1,227 shares valued at $66,000 after buying 319 more shares during the last quarter. Overall, 68.41% of Brookfield Asset Management’s stocks are owned by institutional investors and hedge funds.

Brookfield Asset Management’s Recent Price Trends

As of Monday, BAM opened at $56.32. Over the past year, Brookfield Asset Management Ltd. has seen a low of $37.29 and a high of $62.61. The company currently has a market capitalization of $24.96 billion, a PE ratio of 42.67, and a P/E/G ratio of 1.92, with a beta of 1.46. The 50-day moving average stands at $56.79, while the 200-day moving average is at $52.47.

• Uranium Stocks on the Rise

Brookfield Asset Management last reported its quarterly earnings on February 12th, when it posted an EPS of $0.40, which was slightly above the consensus estimate of $0.39. The company has impressively maintained a net margin of 54.47% and a return on equity of 81.16%. Analysts predict Brookfield Asset Management Ltd. will deliver an EPS of 1.7 for the current year.

Dividend Announcement by Brookfield Asset Management

Recently, the company revealed an increase in its quarterly dividend, which is set to be paid on March 31st. Shareholders registered by February 28th will receive a dividend of $0.4375. This new figure represents an increase from the previous quarterly dividend of $0.38. The ex-dividend date for this upcoming payment is also February 28th. This adjustment indicates an annualized dividend of $1.75, showcasing a yield of 3.11%. Brookfield Asset Management currently has a dividend payout ratio of 132.58%.

Changes in Analyst Ratings for Brookfield Asset Management

• Intel: A Stock to Watch

Recently, several research firms have upgraded their ratings for Brookfield Asset Management. HSBC Global Research raised their rating from "hold" to "strong-buy" as of February 14th. BMO Capital Markets also adjusted their price target upward from $50.00 to $53.00 while maintaining a "market perform" rating as of February 13th. However, Wells Fargo lowered their price target from $55.00 to $54.00, assigning an "underweight" rating to the stock on the same date. Conversely, TD Securities increased its price target from $64.00 to $66.00, granting a "buy" rating on February 10th. CIBC also raised its price target from $63.00 to $70.00, issuing an "outperform" rating on January 30th. In total, three analysts have rated the stock as a sell, four have given it a hold rating, eight have recommended a buy rating, and one has assigned a strong buy rating. As per data from MarketBeat, Brookfield Asset Management currently holds a consensus rating of "Hold" with an average target price of $56.71.

Understanding Brookfield Asset Management's Operations

Brookfield Asset Management Ltd. specializes in real estate investments and offers services in alternative asset management. The company’s renewable power and transition divisions encompass operations in sectors like hydroelectricity, wind, solar energy, distributed generation, and sustainable solutions. In addition, its infrastructure sector focuses on utilities, transportation, midstream, and data infrastructure.

Conclusion

Investors should consider the activity of institutional investors and the recent updates regarding Brookfield Asset Management's performance and strategy as they evaluate potential investment opportunities.

Investment, Dividends, Stock