Tandem Capital Management Corp ADV Increases Stock Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Tandem Capital Management Corp ADV boosted its position in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 39,111 shares of the financial services provider’s stock after buying an additional 175 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Brookfield Asset Management were worth $2,119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BAM. Hara Capital LLC acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Brookfield Asset Management during the third quarter worth $27,000. Versant Capital Management Inc increased its stake in Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 771 shares during the last quarter. Continuum Advisory LLC raised its position in Brookfield Asset Management by 42.2% in the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 329 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of Brookfield Asset Management by 62.1% in the 3rd quarter. Quent Capital LLC now owns 1,135 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 435 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BAM. 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. UBS Group began coverage on shares of Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating for the company. Scotiabank upped their price target on Brookfield Asset Management from $59.50 to $63.00 and gave the stock a “sector outperform” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Finally, Keefe, Bruyette & Woods decreased their target price on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a research note on Monday, January 13th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $56.42.

Brookfield Asset Management Trading Down 2.7 %

Shares of NYSE:BAM opened at $58.24 on Tuesday. Brookfield Asset Management Ltd. has a 52 week low of $37.29 and a 52 week high of $62.61. The company’s 50 day moving average is $56.41 and its two-hundred day moving average is $50.08. The company has a market cap of $25.81 billion, a PE ratio of 51.54, a P/E/G ratio of 2.26 and a beta of 1.46.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, equities research analysts expect that Brookfield Asset Management Ltd. will post 1.45 EPS for the current year.

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.