Brookfield Asset Management Ltd. (NYSE:BAM) Receives Average Recommendation of "Hold" from Brokerages

Shares of Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A have received an average rating of "Hold" from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $56.58.

Several analysts recently issued reports on BAM shares. UBS Group started coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a "buy" rating on the stock. StockNews.com downgraded shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Keefe, Bruyette & Woods lowered their price target on shares of Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group upped their target price on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company reduced their price objective on Brookfield Asset Management from $56.00 to $55.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th.

Brookfield Asset Management Trading Down 0.6 %

NYSE BAM traded down $0.33 during trading hours on Friday, reaching $57.59. The company's stock had a trading volume of 1,406,832 shares, compared to its average volume of 1,323,686. The business has a 50-day simple moving average of $56.48 and a 200 day simple moving average of $50.65. Brookfield Asset Management has a 52 week low of $37.29 and a 52 week high of $62.61. The stock has a market cap of $25.52 billion, a PE ratio of 50.96, a PEG ratio of 2.18 and a beta of 1.46.

Institutional Trading of Brookfield Asset Management

Several institutional investors have recently modified their holdings of BAM. Hara Capital LLC bought a new stake in Brookfield Asset Management in the third quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Brookfield Asset Management in the 3rd quarter worth approximately $27,000. Truvestments Capital LLC lifted its stake in Brookfield Asset Management by 487.2% during the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 419 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after buying an additional 329 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.

Brookfield Asset Management Company Profile

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.