Mountain Hill Investment Partners Corp. Invests $32,000 in Brookfield Asset Management Ltd. (NYSE:BAM)

Mountain Hill Investment Partners Corp. acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 597 shares of the financial services provider’s stock, valued at approximately $32,000.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Brookfield Asset Management by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider’s stock worth $419,400,000 after buying an additional 24,409 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Brookfield Asset Management by 1.0% during the third quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock worth $1,379,000 after acquiring an additional 278 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Brookfield Asset Management by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 60,805 shares of the financial services provider’s stock valued at $2,875,000 after acquiring an additional 1,007 shares in the last quarter. Moors & Cabot Inc. boosted its holdings in Brookfield Asset Management by 4.9% in the third quarter. Moors & Cabot Inc. now owns 8,983 shares of the financial services provider’s stock valued at $425,000 after purchasing an additional 420 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Brookfield Asset Management by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 834,929 shares of the financial services provider’s stock worth $39,516,000 after purchasing an additional 45,670 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Analyst Ratings Changes

BAM has been the topic of a number of analyst reports. BMO Capital Markets increased their price target on Brookfield Asset Management from $50.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on shares of Brookfield Asset Management from $54.00 to $50.00 and set an “underweight” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating for the company in a research note on Monday, January 13th. CIBC increased their price objective on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th. Finally, UBS Group started coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Brookfield Asset Management has an average rating of “Moderate Buy” and a consensus target price of $56.38.

Brookfield Asset Management Price Performance

NYSE BAM opened at $49.52 on Monday. The company has a fifty day moving average of $55.18 and a two-hundred day moving average of $53.36. The company has a market capitalization of $21.94 billion, a PE ratio of 37.52, a P/E/G ratio of 1.92 and a beta of 1.50. 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 return on equity of 81.16% and a net margin of 54.47%. On average, research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be given a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.53%. Brookfield Asset Management’s dividend payout ratio (DPR) is 132.58%.

About Brookfield Asset Management

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.