Mirabella Financial Services LLP Makes New $832,000 Investment in Brookfield Asset Management Ltd. (NYSE:BAM)

Mirabella Financial Services LLP acquired a new stake in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,402 shares of the financial services provider's stock, valued at approximately $832,000.

Other hedge funds have also made changes to their positions in the company. Tandem Capital Management Corp ADV boosted its holdings in Brookfield Asset Management by 0.4% in the fourth quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock valued at $2,119,000 after purchasing an additional 175 shares in the last quarter. RE Dickinson Investment Advisors LLC lifted its position in shares of Brookfield Asset Management by 3.2% during the 4th 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 last quarter. Gold Investment Management Ltd. boosted its holdings in shares of Brookfield Asset Management by 0.5% in the 4th 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 in the last quarter. Procyon Advisors LLC grew its position in shares of Brookfield Asset Management by 2.7% in the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock valued at $505,000 after buying an additional 249 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in Brookfield Asset Management by 35.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider's stock worth $66,000 after acquiring an additional 319 shares in the last quarter. Hedge funds and other institutional investors own 68.41% of the company's stock.

Brookfield Asset Management Stock Up 1.2 %

NYSE BAM opened at $48.56 on Monday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 36.79, a P/E/G ratio of 1.92 and a beta of 1.63. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61. The firm has a 50-day moving average price of $51.00 and a 200 day moving average price of $53.66.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, topping 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, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, February 28th were given a dividend of $0.4375 per share. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Friday, February 28th. Brookfield Asset Management's payout ratio is presently 132.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on BAM shares. HSBC raised Brookfield Asset Management from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Keefe, Bruyette & Woods cut their price target on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating on the stock in a research report on Monday, January 13th. CIBC boosted their price objective on Brookfield Asset Management from $63.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, January 30th. Jefferies Financial Group lowered their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.15.

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.

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