Kirr Marbach & Co. LLC IN Buys 203 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Kirr Marbach & Co. LLC IN increased its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,400 shares of the financial services provider’s stock after purchasing an additional 203 shares during the period. Kirr Marbach & Co. LLC IN’s holdings in Brookfield Asset Management were worth $1,715,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BAM. Davidson Kahn Capital Management LLC grew its position in Brookfield Asset Management by 10.5% during the first quarter. Davidson Kahn Capital Management LLC now owns 52,486 shares of the financial services provider’s stock valued at $2,543,000 after acquiring an additional 4,995 shares during the last quarter. Intact Investment Management Inc. bought a new position in shares of Brookfield Asset Management in the first quarter worth approximately $6,434,000. Woodmont Investment Counsel LLC bought a new position in shares of Brookfield Asset Management in the first quarter worth approximately $5,782,000. Louisbourg Investments Inc. lifted its stake in Brookfield Asset Management by 1.2% in the first quarter. Louisbourg Investments Inc. now owns 50,152 shares of the financial services provider’s stock worth $2,430,000 after acquiring an additional 600 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Brookfield Asset Management by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 221,222 shares of the financial services provider’s stock worth $10,718,000 after acquiring an additional 8,415 shares during the period. 68.41% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Securities raised their price target on Brookfield Asset Management from $64.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, May 7th. Bank of America raised Brookfield Asset Management from a “neutral” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Thursday, April 10th. Morgan Stanley raised their price target on Brookfield Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Friday, May 16th. Scotiabank raised their price target on Brookfield Asset Management from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Jefferies Financial Group dropped their price target on Brookfield Asset Management from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $59.46.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $54.05 on Tuesday. Brookfield Asset Management Ltd. has a 1-year low of $37.40 and a 1-year high of $62.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day moving average price of $54.92 and a 200-day moving average price of $54.21. The company has a market capitalization of $87.16 billion, a PE ratio of 38.33, a PEG ratio of 1.97 and a beta of 1.51.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Tuesday, May 6th. The financial services provider reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Brookfield Asset Management had a return on equity of 52.70% and a net margin of 55.26%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.29 billion. As a group, equities analysts expect that Brookfield Asset Management Ltd. will post 1.7 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.4375 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.75 annualized dividend and a yield of 3.24%. Brookfield Asset Management’s payout ratio is 124.11%.

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.