Cwm LLC Acquires 1,459 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Cwm LLC lifted its holdings in Brookfield Asset Management Ltd. (NYSE:BAMGet Rating) (TSE:BAM.A) by 106.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,831 shares of the financial services provider’s stock after buying an additional 1,459 shares during the period. Cwm LLC’s holdings in Brookfield Asset Management were worth $116,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in BAM. Goldman Sachs Group Inc. increased its holdings in shares of Brookfield Asset Management by 166.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,051,145 shares of the financial services provider’s stock worth $398,883,000 after buying an additional 4,402,115 shares during the last quarter. FMR LLC increased its holdings in shares of Brookfield Asset Management by 23.4% in the 2nd quarter. FMR LLC now owns 22,743,081 shares of the financial services provider’s stock worth $1,011,608,000 after buying an additional 4,315,285 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Brookfield Asset Management by 5.6% in the 2nd quarter. Principal Financial Group Inc. now owns 45,883,416 shares of the financial services provider’s stock worth $2,039,978,000 after buying an additional 2,452,878 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brookfield Asset Management by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider’s stock worth $2,491,950,000 after purchasing an additional 1,220,298 shares during the period. Finally, Cooke & Bieler LP boosted its stake in shares of Brookfield Asset Management by 33.0% during the 2nd quarter. Cooke & Bieler LP now owns 4,562,190 shares of the financial services provider’s stock worth $202,881,000 after purchasing an additional 1,133,051 shares during the period.

Insider Transactions at Brookfield Asset Management

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

Brookfield Asset Management Stock Performance

Shares of BAM stock opened at $31.89 on Tuesday. The company’s 50-day simple moving average is $36.80 and its two-hundred day simple moving average is $42.56. Brookfield Asset Management Ltd. has a one year low of $26.76 and a one year high of $36.50.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last announced its quarterly earnings results on Thursday, November 10th. The financial services provider reported $0.24 earnings per share for the quarter. The business had revenue of $23.42 billion during the quarter. On average, 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 given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Royal Bank of Canada assumed coverage on shares of Brookfield Asset Management in a research note on Wednesday, December 21st. They set an “outperform” rating and a $35.00 price target for the company. JPMorgan Chase & Co. assumed coverage on shares of Brookfield Asset Management in a research note on Tuesday, December 20th. They set an “overweight” rating and a $35.00 price target for the company. The Goldman Sachs Group assumed coverage on shares of Brookfield Asset Management in a research note on Tuesday, December 13th. They set a “buy” rating and a $40.00 price target for the company. StockNews.com assumed coverage on shares of Brookfield Asset Management in a research note on Friday. They set a “sell” rating for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Brookfield Asset Management from $52.00 to $44.00 and set a “hold” rating for the company in a research note on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.11.

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.

See Also

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

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