Wilmington Savings Fund Society FSB Buys 1,680 Shares of Brookfield Asset Management Ltd. (NYSE:BAM)

Wilmington Savings Fund Society FSB increased its position in Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) by 38.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,094 shares of the financial services provider’s stock after acquiring an additional 1,680 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Brookfield Asset Management were worth $330,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BAM. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Brookfield Asset Management by 66.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,965,162 shares of the financial services provider’s stock worth $92,896,000 after buying an additional 784,250 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in Brookfield Asset Management in the third quarter valued at $19,075,000. CIBC Asset Management Inc raised its position in Brookfield Asset Management by 10.3% during the third quarter. CIBC Asset Management Inc now owns 3,953,496 shares of the financial services provider’s stock valued at $188,057,000 after purchasing an additional 370,383 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Brookfield Asset Management during the third quarter worth about $14,216,000. Finally, Bamco Inc. NY boosted its holdings in shares of Brookfield Asset Management by 31.5% in the 3rd quarter. Bamco Inc. NY now owns 1,100,435 shares of the financial services provider’s stock worth $52,040,000 after purchasing an additional 263,532 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Stock Down 3.4 %

Shares of NYSE:BAM opened at $55.59 on Wednesday. Brookfield Asset Management Ltd. has a 52-week low of $37.29 and a 52-week high of $62.61. 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 moving average price of $56.49 and a 200-day moving average price of $50.77.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BAM shares. The Goldman Sachs Group lifted their price target on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price objective on Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, November 11th. CIBC boosted their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Keefe, Bruyette & Woods reduced their price target on Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a research report on Monday, January 13th. Finally, TD Securities boosted their price objective on Brookfield Asset Management from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.58.

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.