Brookfield Asset Management Ltd. $BAM Stake Boosted by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lifted its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,154 shares of the financial services provider’s stock after buying an additional 10,437 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Brookfield Asset Management were worth $4,199,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BAM. Truist Financial Corp boosted its position in Brookfield Asset Management by 1.4% during the third quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 187 shares during the period. Focus Financial Network Inc. boosted its position in Brookfield Asset Management by 4.6% during the fourth quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider’s stock worth $232,000 after purchasing an additional 194 shares during the period. Cullen Frost Bankers Inc. boosted its position in Brookfield Asset Management by 38.0% during the third quarter. Cullen Frost Bankers Inc. now owns 846 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 233 shares during the period. Kraematon Investment Advisors Inc. boosted its position in Brookfield Asset Management by 2.0% during the fourth quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock worth $632,000 after purchasing an additional 234 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in Brookfield Asset Management by 3.2% during the third quarter. Integrated Wealth Concepts LLC now owns 7,578 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 238 shares during the period. Institutional investors own 68.41% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BAM shares. Canadian Imperial Bank of Commerce set a $62.50 price target on shares of Brookfield Asset Management in a report on Monday. Scotiabank restated an “outperform” rating and set a $57.00 price target (up from $56.00) on shares of Brookfield Asset Management in a report on Monday. Piper Sandler decreased their price target on shares of Brookfield Asset Management from $53.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Morgan Stanley decreased their price target on shares of Brookfield Asset Management from $63.00 to $62.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group decreased their price target on shares of Brookfield Asset Management from $60.00 to $49.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.09.

Brookfield Asset Management Stock Down 0.4%

Shares of BAM opened at $48.75 on Wednesday. The stock has a market cap of $79.87 billion, a price-to-earnings ratio of 31.66, a P/E/G ratio of 2.01 and a beta of 1.28. The company has a quick ratio of 0.92, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. Brookfield Asset Management Ltd. has a 12 month low of $42.20 and a 12 month high of $64.10. The company has a 50-day moving average price of $45.95 and a two-hundred day moving average price of $50.01.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Friday, May 8th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. Equities analysts predict that Brookfield Asset Management Ltd. will post 1.74 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.5025 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.1%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 130.52%.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.