Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A), a leading financial services provider, has attracted the attention of Check Capital Management Inc. CA, as evidenced by its recent increase in holdings of Brookfield Asset Management shares. According to the latest Form 13F filing with the Securities and Exchange Commission, Check Capital Management Inc. CA raised its holdings in Brookfield Asset Management by an impressive 464.7% during the first quarter. The institutional investor now owns 56,197 shares of the company’s stock after purchasing an additional 46,245 shares.
This significant increase in holdings indicates a growing interest in Brookfield Asset Management by Check Capital Management Inc. CA. The company now considers it their 19th biggest position, with the stock accounting for approximately 0.1% of their overall portfolio. At the end of the most recent quarter, Check Capital Management Inc. CA’s holdings in Brookfield Asset Management were valued at $1,839,000.
The financial performance of Brookfield Asset Management has also been noteworthy. In its last quarterly earnings report released on August 9th, the company reported earnings per share of $0.32, which met analysts’ consensus estimate perfectly. With revenue reaching $985 million for the quarter, Brookfield Asset Management continues to demonstrate its strong presence in the financial sector.
Industry analysts have projected that Brookfield Asset Management Ltd. will achieve earnings per share of 1.32 for the current fiscal year based on their collective assessments and predictions.
By closely examining these developments and analyzing the performance of key players like Brookfield Asset Management Ltd., investors and stakeholders can gain valuable insights into market trends and potential investment opportunities.
In conclusion, Check Capital Management Inc. CA’s substantial increase in holdings within Brookfield Asset Management highlights their confidence in the company’s growth prospects and financial stability. Furthermore, with its positive quarterly earnings report and solid revenue figures, Brookfield Asset Management continues to impress both analysts and investors alike.
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
Brookfield Asset Management’s Strong Performance Attracts Institutional Investors and Hedge Funds, Reaching All-Time Highs
Brookfield Asset Management Ltd. has recently seen a number of modifications in holdings by institutional investors and hedge funds, further solidifying its position as a leading financial services provider. American Century Companies Inc., for example, grew its holdings in Brookfield Asset Management by 0.7% during the first quarter, now owning 38,228 shares valued at $2,161,000.
Dimensional Fund Advisors LP also increased its stake in the company by 3.9% during the same period, now holding 537,451 shares valued at $30,404,000. Meanwhile, Canada Pension Plan Investment Board made their debut investment in Brookfield Asset Management during the first quarter with a value of approximately $22,369,000. Sequoia Financial Advisors LLC also entered the scene with a new position valued at about $340,000.
Vanguard Group Inc., a familiar name among investors, expanded its stake in Brookfield Asset Management even further by 2.8%, owning an impressive 44,050,716 shares valued at an astounding $2,491,950,000 after purchasing an additional 1,220,298 shares in the last quarter. Overall, hedge funds and other institutional investors hold a substantial 61.92% of the company’s stock.
On Wednesday morning on September 13th this year on NYSE BAM opened at $35.05 which interestingly was within close proximity to its twelve month high of $36.50 and above its twelve month low of $26.76 giving hopeful signs for future growth and potential returns in investments already held.
Technical analysis also reveals stable trends for the stock as it follows a consistent trajectory with a 50-day simple moving average of $33.58 and a longer-term moving average of $32.67 over a span 200 days.
Additionally on Friday September 29thand every subsequent year Investors will be assured to receive regular returns as Brookfield Asset Management recently disclosed a quarterly dividend of $0.32 per share. To be eligible for this sum, investors must have been on record by Thursday August 31st.
Research analysts have weighed in on the future prospects of the company with positive ratings and target prices. Scotiabank for instance has given Brookfield Asset Management an “outperform” rating, while Bank of America is more neutral on the stock but has still assigned a target price of $40.00. Deutsche Bank Aktiengesellschaft also expressed optimism, increasing its own target price from $34.00 to $35.00.
StockNews.com notes that Brookfield Asset Management garners a solid “hold” rating based on their research, while BMO Capital Markets maintains a more conservative view with their “market perform” rating and increases their price target to $34.00.
Combining these perspectives, Bloomberg data reveals a consensus rating stating the stock as a “Moderate Buy,” with an average target price of $39.13.
The current dynamics surrounding Brookfield Asset Management suggest that it continues to pique the interest and confidence of institutional investors and hedge funds alike. Its steady growth trajectory, strong financial position as illustrated by its dividend announcement, and positive opinions from research analysts all contribute to underlining its potential as an attractive investment option in today’s market climate.
As with any investment decision, due diligence should always be conducted and individual circumstances considered before making any financial commitments. However, for investors seeking a reputable firm with significant backing from major players in the industry and promising growth opportunities, Brookfield Asset Management certainly warrants further consideration.
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