Marathon Asset Management Ltd Has $19.24 Million Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Marathon Asset Management Ltd decreased its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 397,477 shares of the financial services provider's stock after selling 9,693 shares during the period. Marathon Asset Management Ltd's holdings in Brookfield Asset Management were worth $19,241,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kirr Marbach & Co. LLC IN lifted its holdings in shares of Brookfield Asset Management by 0.6% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 35,400 shares of the financial services provider's stock worth $1,715,000 after purchasing an additional 203 shares during the last quarter. RE Dickinson Investment Advisors LLC increased its position in Brookfield Asset Management by 3.2% in the fourth quarter. RE Dickinson Investment Advisors LLC now owns 6,962 shares of the financial services provider's stock worth $377,000 after buying an additional 215 shares during the period. Focus Financial Network Inc. increased its position in Brookfield Asset Management by 5.2% in the first quarter. Focus Financial Network Inc. now owns 4,442 shares of the financial services provider's stock worth $215,000 after buying an additional 218 shares during the period. Gold Investment Management Ltd. lifted its stake in Brookfield Asset Management by 0.5% in the fourth quarter. Gold Investment Management Ltd. now owns 41,889 shares of the financial services provider's stock valued at $2,271,000 after buying an additional 219 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 61.0% during the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 325 shares during the period. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Price Performance

NYSE:BAM traded down $0.28 during mid-day trading on Tuesday, reaching $55.00. 1,430,180 shares of the stock were exchanged, compared to its average volume of 1,570,802. Brookfield Asset Management Ltd. has a 1-year low of $37.40 and a 1-year high of $62.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $90.06 billion, a PE ratio of 39.01, a PEG ratio of 2.00 and a beta of 1.51. The business has a fifty day moving average price of $55.61 and a 200 day moving average price of $54.12.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.29 billion. Brookfield Asset Management had a net margin of 55.26% and a return on equity of 52.70%. Research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, May 30th were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Friday, May 30th. Brookfield Asset Management's dividend payout ratio is presently 124.11%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BAM shares. Jefferies Financial Group cut their price objective on shares of Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler started coverage on shares of Brookfield Asset Management in a research note on Monday. They issued a "neutral" rating and a $60.00 price target on the stock. Bank of America raised Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 price target on the stock in a report on Thursday, April 10th. Wall Street Zen raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. Finally, TD Securities raised their target price on Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.50.

Brookfield Asset Management Profile

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