Brookfield Asset Management Ltd. (NYSE:BAM) Stock Position Decreased by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,628 shares of the financial services provider's stock after selling 425,000 shares during the period. Schwartz Investment Counsel Inc. owned about 0.14% of Brookfield Asset Management worth $22,561,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its stake in Brookfield Asset Management by 0.7% during the 1st quarter. American Century Companies Inc. now owns 38,228 shares of the financial services provider's stock worth $2,161,000 after buying an additional 268 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brookfield Asset Management by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 537,451 shares of the financial services provider's stock valued at $30,404,000 after acquiring an additional 20,309 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Brookfield Asset Management in the first quarter valued at approximately $22,369,000. Sequoia Financial Advisors LLC acquired a new position in Brookfield Asset Management in the first quarter valued at approximately $340,000. Finally, Vanguard Group Inc. lifted its holdings in Brookfield Asset Management by 2.8% in the first quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider's stock valued at $2,491,950,000 after acquiring an additional 1,220,298 shares during the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on BAM. Scotiabank upped their price objective on Brookfield Asset Management from $46.50 to $47.00 and gave the company a "sector outperform" rating in a report on Thursday, February 8th. BMO Capital Markets upped their price objective on Brookfield Asset Management from $34.00 to $36.00 and gave the company a "market perform" rating in a report on Thursday, February 8th. Royal Bank of Canada upped their price objective on Brookfield Asset Management from $49.00 to $50.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. TD Securities cut their target price on Brookfield Asset Management from $52.00 to $49.00 and set an "action list buy" rating on the stock in a research report on Tuesday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a "hold" rating to a "buy" rating and boosted their target price for the company from $33.00 to $45.00 in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.20.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock traded up $0.60 during trading hours on Tuesday, reaching $41.97. 718,967 shares of the company were exchanged, compared to its average volume of 1,082,301. Brookfield Asset Management Ltd. has a 1 year low of $28.35 and a 1 year high of $43.00. The stock's fifty day moving average is $41.12 and its 200 day moving average is $37.20. The firm has a market cap of $17.34 billion, a PE ratio of 36.63, a PEG ratio of 1.55 and a beta of 1.68.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Brookfield Asset Management had a return on equity of 96.43% and a net margin of 50.23%. The business had revenue of $1.13 billion for the quarter. During the same period in the prior year, the company posted $0.31 EPS. Research analysts expect that Brookfield Asset Management Ltd. will post 1.54 earnings per share for the current year.

Brookfield Asset Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.62%. The ex-dividend date was Wednesday, February 28th. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.32. Brookfield Asset Management's dividend payout ratio is 134.51%.

Brookfield Asset Management Company 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.