Public Sector Pension Investment Board, a prominent player in the investment industry, has increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.1% during the first quarter of this year. The disclosure was made through a recent filing with the Securities and Exchange Commission (SEC). Public Sector Pension Investment Board now holds 96,177 shares of the financial services provider’s stock, adding another 4,674 shares to its portfolio.
This move signifies Public Sector Pension Investment Board’s confidence in Brookfield Asset Management as an investment opportunity. With the additional shares purchased during the quarter, the total value of Public Sector Pension Investment Board’s holdings in Brookfield Asset Management amounts to $3,146,000 at the end of the most recent quarter.
Brookfield Asset Management is no stranger to success either. In its latest earnings report released on August 9th, the company announced an earnings per share (EPS) of $0.32 for the quarter. This figure is precisely in line with analysts’ consensus estimates of $0.32 EPS. Additionally, Brookfield Asset Management reported revenue of $985 million for the quarter.
Based on these impressive numbers and market trends observed by equities analysts, it is forecasted that Brookfield Asset Management Ltd. will likely announce an EPS of 1.32 for the current fiscal year.
These latest developments serve as a testament to both Public Sector Pension Investment Board’s confidence in Brookfield Asset Management and to the company’s strong financial performance demonstrated through its consistent earnings results and revenue generation.
Investors seeking more insights into Brookfield Asset Management can access our latest report on BAM for detailed analysis and comprehensive information about this investment opportunity.
Reference Date: September 8, 2023
Brookfield Asset Management Inc.
BAM
Strong Buy
Updated on: 03/12/2023
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: Institutional Investors’ Holdings and Dividend Announcement Fuel Interest
September 8, 2023
Brookfield Asset Management: A Closer Look at Institutional Investors’ Holdings and Recent Dividend Announcement
Brookfield Asset Management Ltd. (BAM) has recently garnered attention from several institutional investors and hedge funds, resulting in some modifications to their holdings of the stock. Vanguard Group Inc., for instance, increased its holdings in shares of Brookfield Asset Management by 2.8% in the first quarter. As of now, Vanguard Group Inc. owns a staggering 44,050,716 shares of the financial services provider’s stock valued at $2,491,950,000 after purchasing an additional 1,220,298 shares during the last quarter.
Another notable investor is Moneta Group Investment Advisors LLC. They boosted their position in shares of Brookfield Asset Management by a whopping 30,651.5% in the fourth quarter. Moneta Group Investment Advisors LLC now holds 31,097,454 shares of the company’s stock valued at $891,564,000 after acquiring an additional 30,996,329 shares during the period.
FMR LLC also saw an increase in their holdings with a boost of 31.5% in the first quarter. FMR LLC currently owns 10,773,503 shares of Brookfield Asset Management’s stock valued at $352,893,000 after acquiring an additional 2,582,493 shares during the period.
Goldman Sachs Group Inc., on the other hand, observed a significant surge in their position with a growth rate of 166.2% in the first quarter. Consequently to this remarkable rise—Goldman Sachs Group Inc.’s ownership stands at 7,051,145 shares now totaling to $398883000 worth.
Furthermore,FIL Ltd experienced a steady increase as well with a growth rate of around %7 . Its total gained stocks within this last year were approximately +455.012 shares increasing its total worth to $211,535,000.
Overall, institutional investors and hedge funds currently own 61.92% of the stock, reflecting a strong confidence in Brookfield Asset Management as an investment opportunity.
In terms of recent market performance, BAM stock opened at $34.41 on Friday with a market capitalization of $14.20 billion and a price-to-earnings (P/E) ratio of 21.64. The company’s 12-month low stands at $26.76, while its high reaches $36.50—a promising range for potential investors seeking a stable yet potentially growing investment option. Additionally,it also has maintained its moving price averages relatively with an average around the average target value during this year ,closing each day from recent past weeks at around $33.42 from average per share value during last three months . As for the long term moving average calculated was at near to $32.68 .
Looking ahead, the company recently announced that it will pay out a quarterly dividend on Friday, September 29th to stockholders of record on Thursday, August 31st . Amounting to be $0.32 per share in correlation with their most recently divulged financial statement ,this represents a dividend yield of approximately %3 which is noticable alongside annualized divided ,turns out to be aproximately %1 . Brokfield Asset Management aims apparently to provide continuing return through their mentioned numerous dividends given out which represents mainly increasingly rising amounts each quarter although ; in fact this depends upon profits they are expected to obtain as things stand noticeabley sooner or later considering their previous track record throughout history and comparison values relatedly for same sector companies.
Analysts have been evaluating BAM closely lately as several brokerages have issued reports on the stock.Based on data from Bloomberg analysis reached figures imply where stocks might mature
Deutsche Bank Aktiengesellschaft,for instance increased their target price on shares of Brookfield Asset Management from $34.00 to $35.00 in a research report recently submitted and also Bank of America began coverage on shares of Brookfield Asset Managementin their own report they submitted recently,judging the stocks ”neutral” rating offering %40 share price mark as target for the future . Similarly, StockNews.com initiated coverage on BAM’s shares with a “hold” rating in their research report issued on Thursday, August 17th. In addition, Scotiabank and BMO Capital Markets commenced coverage with ”outperform” ratings (equivalent of an above average ‘Buy’ rating,) and a “market perform”rating (generally advises only up to moderate gains or losses) respectively; s.These evaluations signal a mix of opinions regarding the stock, creating interesting speculation opportunities for investors pondering over.
In conclusion, Brookfield Asset Management has seen significant interest from institutional investors and hedge funds, resulting in modifications to their holdings. As the company’s stock continues to fluctuate within its 52-week high and low range, it presents itself as an intriguing investment option for those seeking stability and potential growth.Furthermore ,as dividends increase continually since this exists profound belief among investors ; all this interest is supported
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