Brookfield Asset Management Ltd. (NYSE:BAM) Holdings Trimmed by Live Oak Private Wealth LLC

Live Oak Private Wealth LLC cut its holdings in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,266 shares of the financial services provider’s stock after selling 275 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Brookfield Asset Management were worth $2,399,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BAM. Bank of Montreal Can boosted its stake in shares of Brookfield Asset Management by 0.5% during the 3rd quarter. Bank of Montreal Can now owns 9,236,374 shares of the financial services provider’s stock worth $435,729,000 after acquiring an additional 43,134 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Brookfield Asset Management by 0.3% in the 3rd quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider’s stock valued at $419,400,000 after purchasing an additional 24,409 shares during the period. CIBC Asset Management Inc increased its stake in Brookfield Asset Management by 10.3% in the 3rd quarter. CIBC Asset Management Inc now owns 3,953,496 shares of the financial services provider’s stock worth $188,057,000 after purchasing an additional 370,383 shares in the last quarter. Douglass Winthrop Advisors LLC raised its holdings in Brookfield Asset Management by 3.9% during the 3rd quarter. Douglass Winthrop Advisors LLC now owns 2,670,488 shares of the financial services provider’s stock worth $126,287,000 after buying an additional 99,020 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Brookfield Asset Management by 66.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,965,162 shares of the financial services provider’s stock worth $92,896,000 after buying an additional 784,250 shares during the period. 68.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on BAM shares. UBS Group initiated coverage on shares of Brookfield Asset Management in a research note on Monday, December 16th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on Brookfield Asset Management from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Securities increased their price objective on Brookfield Asset Management from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Scotiabank lifted their target price on Brookfield Asset Management from $59.50 to $63.00 and gave the company a “sector outperform” rating in a research note on Monday. Finally, CIBC upped their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $56.42.

Brookfield Asset Management Stock Up 0.2 %

NYSE BAM opened at $57.85 on Friday. The stock has a market capitalization of $25.64 billion, a PE ratio of 51.20, a price-to-earnings-growth ratio of 2.26 and a beta of 1.46. Brookfield Asset Management Ltd. has a 12-month low of $37.29 and a 12-month high of $62.61. The company has a 50 day moving average price of $56.45 and a two-hundred day moving average price of $50.37.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly 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. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same quarter last year, the company posted $0.35 earnings per share. As a group, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.45 EPS for the current year.

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.