AMG National Trust Bank Takes $333,000 Position in Brookfield Asset Management Ltd. (NYSE:BAM)

AMG National Trust Bank acquired a new stake in shares of Brookfield Asset Management Ltd. (NYSE:BAMGet Rating) (TSE:BAM.A) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,152 shares of the financial services provider’s stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BAM. Gradient Investments LLC acquired a new position in shares of Brookfield Asset Management during the 3rd quarter valued at about $25,000. Optiver Holding B.V. increased its position in Brookfield Asset Management by 212.1% during the 2nd quarter. Optiver Holding B.V. now owns 774 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 526 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Brookfield Asset Management by 89.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 828 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 390 shares in the last quarter. Ronald Blue Trust Inc. acquired a new stake in Brookfield Asset Management during the 2nd quarter worth approximately $38,000. Finally, Venture Visionary Partners LLC acquired a new stake in Brookfield Asset Management during the 2nd quarter worth approximately $40,000.

Analysts Set New Price Targets

BAM has been the subject of a number of research analyst reports. TheStreet downgraded shares of Brookfield Asset Management from a “b-” rating to a “c” rating in a research report on Monday, November 28th. CIBC started coverage on shares of Brookfield Asset Management in a research report on Friday, December 16th. They issued an “outperform” rating and a $37.00 price objective for the company. BMO Capital Markets started coverage on shares of Brookfield Asset Management in a research report on Tuesday, December 13th. They issued a “market perform” rating and a $32.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of Brookfield Asset Management in a research report on Tuesday, December 20th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, The Goldman Sachs Group initiated coverage on Brookfield Asset Management in a research note on Tuesday, December 13th. They set a “buy” rating and a $40.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Brookfield Asset Management presently has an average rating of “Moderate Buy” and a consensus price target of $48.11.

Insider Activity

In other news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total transaction of $9,600,000.00. Following the transaction, the insider now directly owns 6,797,000 shares of the company’s stock, valued at $65,251,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total transaction of $9,600,000.00. Following the transaction, the insider now directly owns 6,797,000 shares of the company’s stock, valued at $65,251,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brookfield Asset Management In sold 2,135,176 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $24.09, for a total value of $51,436,389.84. Following the transaction, the insider now directly owns 13,281,712 shares in the company, valued at $319,956,442.08. The disclosure for this sale can be found here.

Brookfield Asset Management Stock Down 0.6 %

Shares of NYSE BAM opened at $32.20 on Wednesday. Brookfield Asset Management Ltd. has a 1-year low of $26.76 and a 1-year high of $36.50. The business’s fifty day moving average price is $35.32 and its two-hundred day moving average price is $42.00.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last issued its earnings results on Thursday, November 10th. The financial services provider reported $0.24 earnings per share for the quarter. The company had revenue of $23.42 billion during the quarter. As a group, equities research analysts anticipate that Brookfield Asset Management Ltd. will post 1.18 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, November 29th.

Brookfield Asset Management Company Profile

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Brookfield Asset Management Ltd. provides alternative asset management services. Its renewable power and transition business includes the ownership, operation, and development of hydroelectric, wind, solar, and energy transition power generating assets. The company's infrastructure business engages in the ownership, operation, and development of utilities, transport, midstream, data and sustainable resource assets.

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Institutional Ownership by Quarter for Brookfield Asset Management (NYSE:BAM)

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