Marathon Asset Management Ltd Sells 13,062 Shares of 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 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,170 shares of the financial services provider's stock after selling 13,062 shares during the period. Marathon Asset Management Ltd owned 0.09% of Brookfield Asset Management worth $22,075,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Plato Investment Management Ltd grew its stake in Brookfield Asset Management by 173.7% in the 4th quarter. Plato Investment Management Ltd now owns 10,369 shares of the financial services provider's stock worth $564,000 after acquiring an additional 6,580 shares during the period. SBI Securities Co. Ltd. bought a new stake in Brookfield Asset Management during the fourth quarter valued at $177,000. Jones Financial Companies Lllp boosted its holdings in shares of Brookfield Asset Management by 91.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,477 shares of the financial services provider's stock valued at $134,000 after acquiring an additional 1,182 shares during the period. Bridges Investment Management Inc. increased its holdings in shares of Brookfield Asset Management by 57.9% during the fourth quarter. Bridges Investment Management Inc. now owns 12,439 shares of the financial services provider's stock valued at $674,000 after purchasing an additional 4,560 shares during the period. Finally, Metis Global Partners LLC grew its holdings in Brookfield Asset Management by 9.5% during the fourth quarter. Metis Global Partners LLC now owns 11,931 shares of the financial services provider's stock worth $647,000 after acquiring an additional 1,034 shares during the period. Hedge funds and other institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BAM. TD Securities upped their price objective on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the company a "buy" rating in a research note on Monday, February 10th. CIBC increased their price target on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. HSBC raised shares of Brookfield Asset Management from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, StockNews.com downgraded Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $56.71.

Brookfield Asset Management Stock Down 6.8 %

NYSE:BAM traded down $3.69 during trading hours on Thursday, hitting $50.28. 3,901,051 shares of the company's stock traded hands, compared to its average volume of 1,253,295. The business's fifty day simple moving average is $56.72 and its two-hundred day simple moving average is $52.66. The firm has a market cap of $22.28 billion, a P/E ratio of 38.09, a P/E/G ratio of 1.92 and a beta of 1.46. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Brookfield Asset Management had a return on equity of 81.16% and a net margin of 54.47%. On average, analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, February 28th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio is currently 132.58%.

About Brookfield Asset Management

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.