Kirr Marbach & Co. LLC IN Has $1.91 Million Position in Brookfield Asset Management Ltd. (NYSE:BAM)

Kirr Marbach & Co. LLC IN lessened its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 1.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 35,197 shares of the financial services provider’s stock after selling 496 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Brookfield Asset Management were worth $1,907,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Hara Capital LLC bought a new position in Brookfield Asset Management in the 3rd quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new position in Brookfield Asset Management during the 3rd quarter worth approximately $27,000. Versant Capital Management Inc raised its holdings in Brookfield Asset Management by 1,606.3% during the 4th quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 771 shares during the last quarter. Continuum Advisory LLC raised its holdings in Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 329 shares during the last quarter. Finally, Quent Capital LLC raised its holdings in Brookfield Asset Management by 62.1% during the 3rd quarter. Quent Capital LLC now owns 1,135 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 435 shares during the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

BAM opened at $61.02 on Wednesday. The business has a 50 day simple moving average of $55.99 and a two-hundred day simple moving average of $49.54. The firm has a market capitalization of $27.04 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 2.15 and a beta of 1.45. Brookfield Asset Management Ltd. has a one year low of $37.29 and a one year high of $61.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, sell-side analysts expect that Brookfield Asset Management Ltd. will post 1.45 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, November 29th. Brookfield Asset Management’s dividend payout ratio is currently 134.51%.

Wall Street Analyst Weigh In

Several research firms have issued reports on BAM. UBS Group assumed coverage on shares of Brookfield Asset Management in a report on Monday, December 16th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Securities lifted their price target on shares of Brookfield Asset Management from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wells Fargo & Company cut their target price on Brookfield Asset Management from $56.00 to $55.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their price objective 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. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.38.

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.