In the fast-paced world of investments and financial services, one has to stay on top of the latest trends in order to make informed decisions. The recent news regarding Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) is no exception, with Baker Tilly Wealth Management LLC lowering its position by a staggering 77.0% in the fourth quarter according to their most recent disclosure with the Securities and Exchange Commission (SEC).
This move came as quite a surprise to many investors who had previously assumed that Brookfield Asset Management was a solid investment option for their portfolios. With Baker Tilly’s holdings in the company now valued at just $311,000 as of their most recent filing, this trend could continue for some time.
However, not all news surrounding Brookfield Asset Management is negative. The firm recently disclosed a quarterly dividend which shows promise for shareholders. Shareholders of record on Tuesday, February 28th were issued a dividend of $0.32 per share – an increase from their previous quarterly dividend of $0.14. This significant hike amounts to an annualized dividend of $1.28 and a yield of 4.05%.
While this news may seem encouraging in light of Baker Tilly’s selling off shares, it is worth noting that Director Multi-Strategy Mast Brookfield sold 24,744 shares in late March at an average price point lower than the current market value. It’s not yet clear if additional members of Brookfield Asset Management will follow suit or hold on despite tumbling valuation.
Regardless of these developments, it is important for investors to consult with financial experts before making any sudden investment decisions based solely on these emerging details about Brookfield Asset Management Ltd.’s performance and capitalization rates, both good and bad alike.
We may only draw conclusions instead, that relative advantage or disadvantage this company may experience due to some internal factors – remains nothing but uncertain at this point.
Large Investors Increase Stake in Brookfield Asset Management as Research Firms Offer Positive Feedback
Brookfield Asset Management, a renowned global asset manager, has been on the radar of various large investors lately. These include Gradient Investments LLC, Nisa Investment Advisors LLC, Massmutual Trust Co. FSB ADV, Ronald Blue Trust Inc., and BNP Paribas Arbitrage SA.
Gradient Investments recently acquired a new stake in Brookfield Asset Management that is valued at approximately $25,000. Meanwhile, Nisa Investment Advisors raised its position in the company by an astounding 7,777.8% during the third quarter and now owns 709 shares of Brookfield’s stock worth $29,000 after purchasing an additional 700 shares during the last quarter.
Massmutual Trust Co. also lifted its holdings by 89% during Q3 while Ronald Blue Trust grew its position by 146%, both adding to their already existing stake in Brookfield Asset Management.
BNP Paribas Arbitrage SA increased its stake in BAM during the second quarter by 35.5%, owning now 1,057 shares of the financial services provider’s stock valued at $47,000 after buying an additional 277 shares during that period.
Numerous research firms have also recently commented on Brookfield Asset Management’s progress in the market. StockNews.com issued a “hold” rating on BAM’s stock while Royal Bank of Canada reiterated an “outperform” rating with a price target of $40.00 per share.
Furthermore, JPMorgan Chase & Co. increased its price target on Brookfield Asset Management from $35.00 to $39.00 and gave it an “overweight” rating while The Goldman Sachs Group initiated coverage with a “buy” rating and set a price objective of $40 per share.
According to data from Bloomberg.com, analysts rated BAM’s stocks as given: three have rated it with a hold rating; five assigned buy ratings; and one assigned strong buy ratings.
In terms of dividends, on March 31st BAM paid a quarterly dividend to shareholders of record as of February 28th. They received $0.32 per share, which represents an increase from Brookfield Asset Management’s previous quarterly dividend of $0.14. This brings about an annualized dividend of $1.28 and a yield of 4.05%.
Shares of BAM opened at $31.62 on Monday, with a one year low of $26.76 and a high point over the past year being $36.50 with a 50-day moving average of $32.96 and a 200-day moving average of $35.98.
Brookfield Asset Management last announced its quarterly earnings data on Wednesday, February 8th, reporting EPS for the quarter at $0.31, beating analysts’ consensus estimates by $0.01 per share with revenue coming in at $958 million during the quarter.
Overall, current data suggests that Brookfield Asset Management Ltd.is still going strong in the financial sector with many large investors investing in their stock due to its growth potential and position in the market while research firms offer positive feedbacks encouraging similar investment opportunities for potential stakeholders in their stocks as well as investors who showed interest in putting money into their asset management portfolio strategies for growth expansion and profitability gain.
