Sun Sep 15 12:37:04 UTC 2024: ## Institutional Investors Show Interest in Brookfield Asset Management

**New York, NY (MarketBeat News) -** Qsemble Capital Management LP, an institutional investor, has taken a new position in Brookfield Asset Management Ltd. (NYSE:BAM), purchasing 8,941 shares valued at approximately $340,000 in the second quarter, according to the firm’s latest 13F filing. This move follows a trend of increased interest in the financial services provider from other institutional investors.

**Strong Institutional Interest:**

Several other institutional investors and hedge funds have recently adjusted their holdings in BAM. Private Advisor Group LLC increased its stake by 14.7% in the fourth quarter, while Envestnet Portfolio Solutions Inc. and Janney Montgomery Scott LLC acquired new positions in the same period. Vanguard Personalized Indexing Management LLC also boosted its stake by 24.9% in the fourth quarter. Notably, Norges Bank purchased a significant new stake worth $239,421,000 in the fourth quarter. Institutional investors and hedge funds now own 68.41% of BAM’s stock.

**Strong Performance and Upcoming Dividend:**

BAM opened at $44.85 on Friday, with a 12-month low of $28.35 and a 12-month high of $45.24. The company recently announced a quarterly dividend of $0.38 per share, payable on September 27th, representing an annualized yield of 3.39%.

**Analyst Opinions:**

Brokerages have mixed opinions on BAM, with Deutsche Bank Aktiengesellschaft raising its target price to $44.00 and issuing a “buy” rating, while StockNews.com downgraded the stock to a “sell” rating. Other firms like CIBC, Goldman Sachs Group, and Bank of America have issued positive ratings and target price increases. Overall, analysts give BAM an average rating of “Hold” with an average target price of $43.81.

**Brookfield Asset Management’s Business:**

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. The company operates in the renewable power and transition, infrastructure, and other sectors.

**Disclaimer:** This news article is based on publicly available information and should not be construed as investment advice.

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