Brookfield Asset Management Ltd. Sees Surge in Short Interest

Brookfield Asset Management Ltd. (NYSE:BAM) experienced a notable increase in short interest throughout February. By February 28th, short interest had risen to 13,660,000 shares, marking an impressive growth of 26.7% compared to the short interest of 10,780,000 shares recorded on February 13th. Currently, 2.8% of the company's shares are sold short. With an average trading volume of 1,410,000 shares, the short-interest ratio stands at 9.7 days.

Institutional Activity in Brookfield Asset Management

Recently, institutional investors have been adjusting their stakes in Brookfield Asset Management. Truvestments Capital LLC significantly increased its stake by 487.2% in the fourth quarter, now holding 505 shares valued at $27,000 after adding 419 shares. RPg Family Wealth Advisory LLC also acquired a new position in the third quarter, equivalent to $27,000, while Mountain Hill Investment Partners Corp. made a new investment in the fourth quarter for $32,000. Furthermore, Versant Capital Management Inc. boosted its shares by 1,606.3% in the fourth quarter, accumulating 819 shares valued at $44,000 after purchasing an additional 771 shares. Lastly, NewEdge Advisors LLC increased its investment by 61.0% in the fourth quarter, holding 858 shares worth $47,000 after acquiring 325 extra shares. Overall, institutional investors and hedge funds currently own 68.41% of the company's stock.

Stock Performance of Brookfield Asset Management

On Tuesday, shares of BAM rose by $0.57, reaching $48.51. The trading volume for the day was 1,427,897 shares, compared to an average of 1,298,975 shares. The company's 50-day simple moving average is $55.59, while the 200-day average is $53.12. Brookfield Asset Management has a market capitalization of $21.50 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of 1.92, and a beta of 1.50. Its stock has fluctuated within a one-year range of $37.29 to $62.61.

Dividend Announcement from Brookfield Asset Management

The company recently announced a quarterly dividend set to be paid on March 31st. Shareholders on record by February 28th will receive a dividend of $0.4375, an increase from the previous dividend of $0.38. The ex-dividend date coincides with February 28th. This reflects an annualized dividend of $1.75, yielding 3.61%. Presently, Brookfield Asset Management's dividend payout ratio (DPR) is 132.58%.

Recent Analyst Ratings for Brookfield Asset Management

BAM has been the focus of several analysts' reviews. Notably, HSBC upgraded Brookfield Asset Management from a "hold" to a "buy" rating on February 14th. Additionally, Keefe, Bruyette & Woods lowered their price target from $57.00 to $56.00 while maintaining an "underperform" rating as of January 13th. StockNews.com shifted their rating from "hold" to "sell" on January 9th, and Wells Fargo cut their price target from $55.00 to $54.00, setting an "underweight" rating on February 13th. Finally, Scotiabank adjusted their target from $63.00 to $62.50 while keeping an "outperform" rating on February 13th. Overall, three analysts have given a sell rating, four have issued a hold rating, eight have rated it as a buy, and one analyst has assigned a strong buy rating based on the consensus findings from MarketBeat.com.

About Brookfield Asset Management

Brookfield Asset Management Ltd. specializes in real estate investment and provides alternative asset management services. The company's operations include renewable power sources such as hydroelectric, wind, and solar energy, as well as infrastructure in utilities, transportation, and data sectors.

Brookfield, Management, Investors