AMG National Trust Bank Makes New $333,000 Investment in Brookfield Asset Management Ltd. (NYSE:BAM)

AMG National Trust Bank acquired a new position in shares of Brookfield Asset Management Ltd. (NYSE:BAMGet Rating) (TSE:BAM.A) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 8,152 shares of the financial services provider’s stock, valued at approximately $333,000.

Other institutional investors have also recently bought and sold shares of the company. First Republic Investment Management Inc. lifted its holdings in shares of Brookfield Asset Management by 12.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 109,594 shares of the financial services provider’s stock valued at $4,481,000 after buying an additional 12,138 shares during the last quarter. Sustainable Insight Capital Management LLC lifted its holdings in shares of Brookfield Asset Management by 46.0% during the 3rd quarter. Sustainable Insight Capital Management LLC now owns 7,300 shares of the financial services provider’s stock valued at $298,000 after buying an additional 2,300 shares during the last quarter. Creative Planning lifted its holdings in shares of Brookfield Asset Management by 3.2% during the 3rd quarter. Creative Planning now owns 305,324 shares of the financial services provider’s stock valued at $12,485,000 after buying an additional 9,605 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Brookfield Asset Management by 3,044.1% during the 3rd quarter. Bogart Wealth LLC now owns 2,138 shares of the financial services provider’s stock valued at $87,000 after buying an additional 2,070 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of Brookfield Asset Management by 12.9% in the 3rd quarter. Gilbert & Cook Inc. now owns 19,218 shares of the financial services provider’s stock valued at $746,000 after acquiring an additional 2,192 shares in the last quarter.

Brookfield Asset Management Price Performance

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 50 day moving average is $35.32 and its 200-day moving average is $42.00.

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 EPS for the quarter. The company had revenue of $23.42 billion during the quarter. As a group, analysts anticipate that Brookfield Asset Management Ltd. will post 1.18 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Brookfield Asset Management in a research note on Saturday. They issued a “sell” rating on the stock. The Goldman Sachs Group assumed coverage on Brookfield Asset Management in a research note on Tuesday, December 13th. They issued a “buy” rating and a $40.00 price objective on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Brookfield Asset Management from $52.00 to $44.00 and set a “hold” rating on the stock in a research note on Wednesday, October 12th. JPMorgan Chase & Co. assumed coverage on Brookfield Asset Management in a research report on Tuesday, December 20th. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, CIBC assumed coverage on Brookfield Asset Management in a research report on Friday, December 16th. They issued an “outperform” rating and a $37.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Brookfield Asset Management has an average rating of “Moderate Buy” and an average price target of $48.11.

Insider Activity at Brookfield Asset Management

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

About Brookfield Asset Management

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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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Want to see what other hedge funds are holding BAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brookfield Asset Management Ltd. (NYSE:BAMGet Rating) (TSE:BAM.A).

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

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