Sather Financial Group Inc Has $26.91 Million Holdings in Brookfield Asset Management Ltd. (NYSE:BAM)

Sather Financial Group Inc decreased its stake in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 0.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 496,613 shares of the financial services provider’s stock after selling 469 shares during the period. Brookfield Asset Management makes up 1.7% of Sather Financial Group Inc’s portfolio, making the stock its 23rd largest holding. Sather Financial Group Inc owned approximately 0.11% of Brookfield Asset Management worth $26,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of BAM. Hara Capital LLC bought a new stake in Brookfield Asset Management in the 3rd quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Brookfield Asset Management in the third quarter valued at about $27,000. Versant Capital Management Inc grew its position 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 buying an additional 771 shares in the last quarter. Continuum Advisory LLC increased its stake in Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 329 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings in Brookfield Asset Management by 35.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 319 shares in the last quarter. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Stock Performance

NYSE BAM opened at $55.59 on Wednesday. The stock has a market cap of $24.63 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 2.18 and a beta of 1.46. The business has a 50 day simple moving average of $56.49 and a 200 day simple moving average of $50.77. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61.

Analyst Upgrades and Downgrades

BAM has been the topic of several recent research reports. Scotiabank lifted their price objective on Brookfield Asset Management from $59.50 to $63.00 and gave the stock a “sector outperform” rating in a report on Monday, February 3rd. UBS Group began coverage on shares of Brookfield Asset Management in a research note on Monday, December 16th. They issued a “buy” rating for the company. CIBC lifted their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. StockNews.com cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, BMO Capital Markets raised their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 5th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.58.

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.