Brookfield Asset Management Ltd. (NYSE:BAM – Get Rating) (TSE:BAM.A) was the recipient of a large increase in short interest in December. As of December 30th, there was short interest totalling 3,310,000 shares, an increase of 22.1% from the December 15th total of 2,710,000 shares. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is currently 1.9 days. Currently, 0.9% of the company's shares are sold short.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BAM shares. Royal Bank of Canada started coverage on Brookfield Asset Management in a research report on Wednesday, December 21st. They issued an "outperform" rating and a $35.00 target price for the company. StockNews.com initiated coverage on Brookfield Asset Management in a report on Saturday. They set a "sell" rating for the company. The Goldman Sachs Group began coverage on Brookfield Asset Management in a report on Tuesday, December 13th. They issued a "buy" rating and a $40.00 target price on the stock. CIBC started 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 target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Brookfield Asset Management in a report on Tuesday, December 20th. They set an "overweight" rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.11.

Insider Transactions at Brookfield Asset Management

In related news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of the company's stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $9.60, for a total transaction of $9,600,000.00. Following the sale, the insider now owns 6,797,000 shares in the company, valued at approximately $65,251,200. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Oaktree Capital Management Lp sold 1,000,000 shares of Brookfield Asset Management stock in a transaction 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 sale, the insider now owns 6,797,000 shares in the company, valued at approximately $65,251,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brookfield Asset Management In sold 2,135,176 shares of the business's stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $24.09, for a total transaction of $51,436,389.84. Following the transaction, the insider now owns 13,281,712 shares in the company, valued at approximately $319,956,442.08. The disclosure for this sale can be found here. Corporate insiders own 11.00% of the company's stock.

Institutional Trading of Brookfield Asset Management

Brookfield Asset Management Stock Performance

Shares of NYSE BAM traded up $0.60 during trading on Friday, hitting $32.00. The stock had a trading volume of 918,359 shares, compared to its average volume of 1,142,510. The firm has a fifty day moving average of $35.87 and a two-hundred day moving average of $42.19. Brookfield Asset Management has a 12 month low of $26.76 and a 12 month high of $36.50.

Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) last released its quarterly earnings results on Thursday, November 10th. The financial services provider reported $0.24 earnings per share for the quarter. The firm had revenue of $23.42 billion for the quarter. As a group, equities research analysts predict that Brookfield Asset Management will post 1.18 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th were paid a $0.14 dividend. The ex-dividend date was Tuesday, November 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.75%.

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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