2Xideas AG Decreases Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

2Xideas AG trimmed its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 38.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 245,118 shares of the financial services provider’s stock after selling 155,882 shares during the quarter. Brookfield Asset Management makes up 1.8% of 2Xideas AG’s holdings, making the stock its 19th biggest position. 2Xideas AG’s holdings in Brookfield Asset Management were worth $13,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new position in shares of Brookfield Asset Management during the 4th quarter worth $1,491,000. Wells Fargo & Company MN boosted its position in Brookfield Asset Management by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 650,628 shares of the financial services provider’s stock worth $35,268,000 after purchasing an additional 43,484 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Brookfield Asset Management in the fourth quarter worth about $1,025,000. Geode Capital Management LLC raised its position in shares of Brookfield Asset Management by 31.3% in the fourth quarter. Geode Capital Management LLC now owns 2,116,337 shares of the financial services provider’s stock valued at $117,171,000 after purchasing an additional 504,478 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Brookfield Asset Management by 15.7% during the 4th quarter. Franklin Resources Inc. now owns 146,731 shares of the financial services provider’s stock valued at $7,948,000 after buying an additional 19,860 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. CIBC boosted their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. BMO Capital Markets boosted their price objective on Brookfield Asset Management from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, February 13th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Scotiabank reduced their target price on Brookfield Asset Management from $63.00 to $62.50 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, HSBC raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.04.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock opened at $44.21 on Friday. The stock has a market cap of $72.39 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.62. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The firm’s fifty day moving average price is $53.89 and its 200-day moving average price is $53.70.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 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.