Marathon Asset Management Ltd Has $17.10 Million Holdings in Brookfield Asset Management Ltd. $BAM

Marathon Asset Management Ltd cut its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 326,021 shares of the financial services provider’s stock after selling 20,463 shares during the period. Marathon Asset Management Ltd’s holdings in Brookfield Asset Management were worth $17,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LOM Asset Management Ltd acquired a new position in Brookfield Asset Management in the 4th quarter worth $31,000. eCIO Inc. acquired a new position in Brookfield Asset Management in the 4th quarter worth $42,000. Assetmark Inc. boosted its stake in Brookfield Asset Management by 95.9% in the 3rd quarter. Assetmark Inc. now owns 807 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 395 shares during the period. Cary Street Partners Financial LLC boosted its stake in Brookfield Asset Management by 227.5% in the 3rd quarter. Cary Street Partners Financial LLC now owns 809 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 562 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in Brookfield Asset Management by 38.0% in the 3rd 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. 68.41% of the stock is owned by institutional investors and hedge funds.

Brookfield Asset Management Trading Down 3.3%

Brookfield Asset Management stock opened at $47.03 on Wednesday. The firm has a 50-day moving average of $46.09 and a 200-day moving average of $49.79. Brookfield Asset Management Ltd. has a one year low of $42.20 and a one year high of $64.10. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38. The company has a market cap of $77.04 billion, a price-to-earnings ratio of 30.54, a P/E/G ratio of 1.97 and a beta of 1.28.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data 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. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 30.66%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.43 billion. On average, equities analysts expect that Brookfield Asset Management Ltd. will post 1.74 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is currently 130.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a research note on Monday. UBS Group set a $52.00 target price on shares of Brookfield Asset Management in a research note on Friday, February 20th. Scotiabank reaffirmed an “outperform” rating and issued a $57.00 target price (up from $56.00) on shares of Brookfield Asset Management in a research note on Monday, May 11th. Zacks Research lowered shares of Brookfield Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Canadian Imperial Bank of Commerce set a $62.50 target price on shares of Brookfield Asset Management in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $60.21.

Brookfield Asset Management 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.