Lawson Kroeker Investment Management Inc. NE Cuts Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Lawson Kroeker Investment Management Inc. NE reduced its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 67,103 shares of the financial services provider’s stock after selling 2,709 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in Brookfield Asset Management were worth $3,636,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Brookfield Asset Management by 66.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,965,162 shares of the financial services provider’s stock worth $92,896,000 after purchasing an additional 784,250 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth approximately $19,075,000. CIBC Asset Management Inc boosted its holdings in shares of Brookfield Asset Management by 10.3% during the 3rd quarter. CIBC Asset Management Inc now owns 3,953,496 shares of the financial services provider’s stock worth $188,057,000 after purchasing an additional 370,383 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter worth approximately $14,216,000. Finally, Bamco Inc. NY boosted its holdings in shares of Brookfield Asset Management by 31.5% during the 3rd quarter. Bamco Inc. NY now owns 1,100,435 shares of the financial services provider’s stock worth $52,040,000 after purchasing an additional 263,532 shares during the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating on the stock. Wells Fargo & Company decreased their price objective on Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods decreased their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a report on Monday, January 13th. StockNews.com cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Brookfield Asset Management currently has an average rating of “Hold” and an average price target of $54.38.

Brookfield Asset Management Trading Up 0.4 %

Brookfield Asset Management stock opened at $61.33 on Thursday. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $61.51. The stock’s fifty day simple moving average is $56.09 and its 200-day simple moving average is $49.68. The firm has a market capitalization of $27.18 billion, a P/E ratio of 54.27, a P/E/G ratio of 2.15 and a beta of 1.45.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.35 earnings per share. Sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.45 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 134.51%.

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.