Broad Run Investment Management LLC Reduces Position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A)

Broad Run Investment Management LLC has reduced its position in Brookfield Asset Management Ltd. by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 451,378 shares of the financial services provider’s stock after selling 41,078 shares during the period. This move has made Brookfield Asset Management the 17th biggest position in Broad Run Investment Management LLC’s investment portfolio.

Other hedge funds have also been active in trading Brookfield Asset Management stock. Bfsg LLC purchased a new position in the company in the 4th quarter, while Mitsubishi UFJ Trust & Banking Corp and Anchor Investment Management LLC also increased their holdings. EverSource Wealth Advisors LLC and Benjamin F. Edwards & Company Inc. acquired new stakes in the company as well.

Despite these trading activities, Brookfield Asset Management’s stock has been trading down by 0.1%. The stock opened at $38.23 on Friday, with a market capitalization of $16.91 billion. The company recently reported earnings results that beat analysts’ consensus estimates, with a return on equity of 98.98% and a net margin of 49.36%.

Additionally, Brookfield Asset Management announced a quarterly dividend, which will be paid on June 28th. Shareholders of record on May 31st will receive a $0.38 dividend, representing a $1.52 annualized dividend and a yield of 3.98%. Wall Street analysts have forecasted growth for the company, with various ratings and target prices assigned to the stock.

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes operations in the hydroelectric, wind, solar, distributed generation, and sustainable solution sectors. The company’s infrastructure business engages in utilities, transport, midstream, and data infrastructure sectors.

Overall, the trading activity and financial performance of Brookfield Asset Management have garnered attention from investors and analysts alike, making it a stock to watch in the coming months.