Brookfield Asset Management Ltd. (NYSE:BAM) Shares Sold by Eudaimonia Partners LLC

Eudaimonia Partners LLC trimmed its position in shares of Brookfield Asset Management Ltd. (NYSE:BAMGet Rating) (TSE:BAM.A) by 8.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 5,117 shares of the financial services provider’s stock after selling 491 shares during the period. Eudaimonia Partners LLC’s holdings in Brookfield Asset Management were worth $209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. King Luther Capital Management Corp increased its holdings in shares of Brookfield Asset Management by 223.9% during the 2nd quarter. King Luther Capital Management Corp now owns 56,165 shares of the financial services provider’s stock worth $2,498,000 after buying an additional 38,827 shares during the last quarter. Sargent Bickham Lagudis LLC boosted its position in Brookfield Asset Management by 7.3% during the 3rd quarter. Sargent Bickham Lagudis LLC now owns 58,347 shares of the financial services provider’s stock worth $2,386,000 after purchasing an additional 3,981 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Brookfield Asset Management during the 2nd quarter worth $7,357,000. Veriti Management LLC boosted its position in Brookfield Asset Management by 5.7% during the 3rd quarter. Veriti Management LLC now owns 14,477 shares of the financial services provider’s stock worth $592,000 after purchasing an additional 781 shares during the period. Finally, Baker Tilly Wealth Management LLC boosted its position in Brookfield Asset Management by 1.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 48,970 shares of the financial services provider’s stock worth $2,178,000 after purchasing an additional 770 shares during the period.

Insider Buying and Selling

In related news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $9.60, for a total value of $9,600,000.00. Following the completion of the transaction, the insider now owns 6,797,000 shares of the company’s stock, valued at approximately $65,251,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $9.60, for a total value of $9,600,000.00. Following the completion of the transaction, the insider now owns 6,797,000 shares of the company’s stock, valued at approximately $65,251,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brookfield Asset Management In sold 2,135,176 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $24.09, for a total transaction of $51,436,389.84. Following the completion of the transaction, 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 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 company has a 50 day moving average price of $35.32 and a 200 day moving average price of $42.00.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last issued its 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 for the quarter. Sell-side analysts predict that Brookfield Asset Management Ltd. will post 1.18 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, November 30th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date was Tuesday, November 29th.

Wall Street Analyst Weigh In

BAM has been the subject of a number of research reports. TheStreet cut shares of Brookfield Asset Management from a “b-” rating to a “c” rating in a research report on Monday, November 28th. JPMorgan Chase & Co. initiated coverage on shares of Brookfield Asset Management in a research report 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 report on Tuesday, December 13th. They set a “buy” rating and a $40.00 price target for the company. CIBC assumed coverage on shares of Brookfield Asset Management in a research report on Friday, December 16th. They issued an “outperform” rating and a $37.00 price objective for the company. Finally, BMO Capital Markets assumed coverage on shares of Brookfield Asset Management in a research report on Tuesday, December 13th. They issued a “market perform” rating and a $32.00 price objective for the company. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.

Further Reading

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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