Triasima Portfolio Management inc. Sells 1,100 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Triasima Portfolio Management inc. lowered its holdings in shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,728 shares of the financial services provider’s stock after selling 1,100 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Brookfield Asset Management were worth $527,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Choreo LLC lifted its stake in Brookfield Asset Management by 96.9% in the fourth quarter. Choreo LLC now owns 10,087 shares of the financial services provider’s stock valued at $551,000 after buying an additional 4,964 shares in the last quarter. Tandem Capital Management Corp ADV raised its holdings in shares of Brookfield Asset Management by 0.4% during the fourth quarter. Tandem Capital Management Corp ADV now owns 39,111 shares of the financial services provider’s stock worth $2,119,000 after acquiring an additional 175 shares during the period. Mediolanum International Funds Ltd acquired a new stake in shares of Brookfield Asset Management during the fourth quarter worth $477,000. SOL Capital Management CO lifted its position in Brookfield Asset Management by 5.6% in the 4th quarter. SOL Capital Management CO now owns 31,616 shares of the financial services provider’s stock valued at $1,713,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in Brookfield Asset Management by 75.1% in the 4th quarter. Foundations Investment Advisors LLC now owns 11,650 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 4,996 shares during the period. Institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

Brookfield Asset Management stock opened at $57.91 on Friday. Brookfield Asset Management Ltd. has a fifty-two week low of $37.29 and a fifty-two week high of $62.61. The firm has a market capitalization of $25.66 billion, a PE ratio of 51.25, a P/E/G ratio of 2.26 and a beta of 1.46. The company’s 50-day moving average is $56.46 and its 200-day moving average is $50.42.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BAM. The Goldman Sachs Group lifted their price target on Brookfield Asset Management from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. TD Securities lifted their target price on Brookfield Asset Management from $61.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. BMO Capital Markets upped 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. Scotiabank lifted their price objective on shares of Brookfield Asset Management from $59.50 to $63.00 and gave the company a “sector outperform” rating in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three investment 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.com, Brookfield Asset Management currently has an average rating of “Hold” and an average price target of $56.42.

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.