Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) experienced a noteworthy increase in short interest during the month of August, according to recent reports. As of August 31st, there was a total of 13,570,000 shares sold short, marking a growth of 54.0% from the previous total of 8,810,000 shares on August 15th. This accounts for around 3.6% of the company’s shares being sold short. With an average daily trading volume of 1,030,000 shares, the days-to-cover ratio currently stands at 13.2 days.
Several equities research analysts have provided their insights on Brookfield Asset Management recently. StockNews.com initiated coverage on the company with a “hold” rating in a report published on Thursday, August 17th. Deutsche Bank Aktiengesellschaft also increased their price target from $34.00 to $35.00 in another report released on Thursday, August 10th. Royal Bank of Canada reiterated an “outperform” rating and set a price target of $45.00 on Brookfield Asset Management’s shares in a report published on September 17th by Bloomberg.
In addition to these ratings, BMO Capital Markets raised their price target from $33.00 to $34.00 and provided a “market perform” rating for the stock in their report released on Thursday, August 10th. TD Securities also raised their price target from $47.00 to $48.00 and provided an “action list buy” rating in their report published on Thursday, August 10th.
As per data obtained from Bloomberg, Brookfield Asset Management currently has an average rating of “Moderate Buy,” with an average price target set at $39.75.
The company recently declared its quarterly dividend which is scheduled to be paid out on Friday, September 29th. Investors who held shares as of Thursday, August 31st will be eligible to receive a dividend of $0.32 per share. The ex-dividend date for this payout was Wednesday, August 30th. This dividend translates into an annualized payment of $1.28 and a yield of 3.55%.
Furthermore, various large investors have been actively trading shares of Brookfield Asset Management. Signaturefd LLC increased their position in the company by 288.8% during the first quarter and now owns 762 shares valued at $25,000 after adding an additional 566 shares to their portfolio. In addition, CWM LLC increased their position by 107.9% in the first quarter and currently holds 1,021 shares valued at $33,000 after acquiring an additional 530 shares. BNP Paribas Arbitrage SA increased their position by 35.5% during the second quarter and now holds 1,057 shares valued at $47,000 after acquiring an additional 277 shares.
This surge in interest from institutional investors and hedge funds has led to approximately 61.92% ownership of the stock being held by these entities.
In conclusion, Brookfield Asset Management Ltd. has experienced significant short interest growth in recent months with several equities research analysts providing their ratings on the company’s stock performance. Alongside this growth in interest from investors, the company has declared a quarterly dividend for its shareholders to be paid out in late September.
Brookfield Asset Management Inc.
BAM
Strong Buy
Updated on: 07/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Update on Brookfield Asset Management’s Dividend and Trading Activity
Brookfield Asset Management, a prominent financial services provider, recently announced its quarterly dividend and provided an update on its trading activity. The company will be paying a dividend of $0.32 per share on Friday, September 29th to investors who were recorded as of Thursday, August 31st.
This news has attracted the attention of investors who view dividends as an important aspect of their investment strategy. The $1.28 annualized dividend represents a yield of 3.55%, which is considered favorable in today’s market.
In terms of trading activity, NYSE BAM experienced a small increase of $0.26 during Friday’s trading hours and reached a price of $36.08 per share. The total number of shares traded was 1,282,551, which is slightly below its average volume of 1,398,623 shares.
Brookfield Asset Management’s performance over the past year has been notable. Its stock has seen fluctuations between a low of $26.76 and a high of $36.50 in the last twelve months. This indicates volatility within the market but also suggests potential growth opportunities for investors.
Looking back at its most recent quarterly earnings results released on August 9th, Brookfield Asset Management reported an EPS (earnings per share) of $0.32 for the quarter – meeting the consensus estimate set by analysts. The company recorded revenue totaling $985 million for the same period.
Analysts following the company have projected that Brookfield Asset Management will achieve earnings per share of 1.34 for the current fiscal year.
Overall, these updates provide valuable insights into Brookfield Asset Management’s financial performance and future prospects. Investors should closely monitor the company’s ongoing developments to make well-informed decisions about their portfolios.
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