Lincoln Capital LLC Cuts Stock Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Lincoln Capital LLC trimmed its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 3.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,941 shares of the financial services provider’s stock after selling 899 shares during the quarter. Lincoln Capital LLC’s holdings in Brookfield Asset Management were worth $1,243,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BAM. Dimensional Fund Advisors LP purchased a new position in shares of Brookfield Asset Management in the second quarter valued at approximately $42,160,000. Renaissance Technologies LLC boosted its position in Brookfield Asset Management by 114.9% in the 2nd quarter. Renaissance Technologies LLC now owns 308,400 shares of the financial services provider’s stock valued at $11,735,000 after buying an additional 164,900 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Brookfield Asset Management in the second quarter worth $1,737,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of Brookfield Asset Management by 24.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,027 shares of the financial services provider’s stock worth $661,000 after acquiring an additional 3,489 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Brookfield Asset Management during the second quarter worth $240,000. 68.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BAM has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Scotiabank boosted their price objective on Brookfield Asset Management from $55.50 to $59.50 and gave the stock a “sector outperform” rating in a research report on Tuesday, November 5th. StockNews.com lowered shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. 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. Finally, Royal Bank of Canada increased their price objective on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, November 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.38.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $55.56 on Monday. Brookfield Asset Management Ltd. has a 12 month low of $37.29 and a 12 month high of $59.58. The firm has a market capitalization of $24.62 billion, a P/E ratio of 49.17, a P/E/G ratio of 1.75 and a beta of 1.45. The company’s fifty day moving average price is $55.82 and its 200 day moving average price is $48.67.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the company posted $0.35 earnings per share. On average, sell-side analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Friday, November 29th. Brookfield Asset Management’s payout ratio is currently 134.51%.

Brookfield Asset Management Company 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.