Schwartz Investment Counsel Inc. Decreases Stake in Brookfield Asset Management Ltd. (NYSE:BAM)

Schwartz Investment Counsel Inc. lowered its position in Brookfield Asset Management Ltd. (NYSE:BAM - Free Report) TSE: BAM.A by 34.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 237,275 shares of the financial services provider's stock after selling 124,353 shares during the period. Schwartz Investment Counsel Inc. owned about 0.05% of Brookfield Asset Management worth $12,858,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Tandem Capital Management Corp ADV boosted its holdings in Brookfield Asset Management by 0.4% in the 4th quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider's stock worth $2,119,000 after buying an additional 175 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of Brookfield Asset Management by 0.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider's stock valued at $2,201,000 after purchasing an additional 188 shares during the last quarter. Procyon Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 2.7% during the 4th quarter. Procyon Advisors LLC now owns 9,312 shares of the financial services provider's stock valued at $505,000 after purchasing an additional 249 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in shares of Brookfield Asset Management by 1.0% during the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider's stock valued at $1,379,000 after purchasing an additional 278 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 5.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 6,654 shares of the financial services provider's stock valued at $315,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 68.41% of the company's stock.

Analysts Set New Price Targets

BAM has been the subject of several research reports. Scotiabank dropped their price objective on shares of Brookfield Asset Management from $63.00 to $62.50 and set an "outperform" rating for the company in a report on Thursday. Royal Bank of Canada raised their target price on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods reduced their target price on shares of 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. UBS Group assumed coverage on shares of Brookfield Asset Management in a research report on Monday, December 16th. They set a "buy" rating on the stock. Finally, TD Securities raised their target price on shares of Brookfield Asset Management from $64.00 to $66.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Brookfield Asset Management presently has an average rating of "Hold" and an average target price of $56.71.

Brookfield Asset Management Stock Performance

BAM traded up $2.29 during trading on Friday, hitting $59.86. The stock had a trading volume of 1,928,737 shares, compared to its average volume of 1,329,742. The company has a market capitalization of $26.53 billion, a PE ratio of 52.98, a PEG ratio of 2.18 and a beta of 1.46. Brookfield Asset Management Ltd. has a twelve month low of $37.29 and a twelve month high of $62.61. The stock has a 50 day simple moving average of $56.45 and a two-hundred day simple moving average of $51.06.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. On average, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 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. Shareholders of record on Friday, February 28th will be paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a yield of 2.92%. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management's dividend payout ratio (DPR) is 134.51%.

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.