Analysts at StockNews.com initiated coverage on shares of Brookfield Asset Management (NYSE:BAM – Get Rating) (TSE:BAM.A) in a research note issued to investors on Saturday. The brokerage set a "sell" rating on the financial services provider's stock.

A number of other brokerages have also weighed in on BAM. JPMorgan Chase & Co. assumed 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. TheStreet cut shares of Brookfield Asset Management from a "b-" rating to a "c" rating in a research note on Monday, November 28th. Royal Bank of Canada assumed coverage on shares of Brookfield Asset Management in a report on Wednesday, December 21st. They issued an "outperform" rating and a $35.00 price objective on the stock. CIBC began coverage on shares of Brookfield Asset Management in a report on Friday, December 16th. They set an "outperform" rating and a $37.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Brookfield Asset Management from $52.00 to $44.00 and set a "hold" rating on the stock in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Brookfield Asset Management currently has an average rating of "Moderate Buy" and a consensus price target of $48.11.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $32.00 on Friday. The business has a 50-day moving average price of $35.87 and a 200-day moving average price of $42.22. Brookfield Asset Management has a twelve month low of $26.76 and a twelve month high of $36.50.

Insider Transactions at Brookfield Asset Management

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its stake in shares of Brookfield Asset Management by 0.7% in the first quarter. American Century Companies Inc. now owns 38,228 shares of the financial services provider's stock valued at $2,161,000 after buying an additional 268 shares during the period. Dimensional Fund Advisors LP grew its stake in Brookfield Asset Management by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 537,451 shares of the financial services provider's stock valued at $30,404,000 after acquiring an additional 20,309 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Brookfield Asset Management in the first quarter valued at approximately $22,369,000. Sequoia Financial Advisors LLC bought a new position in shares of Brookfield Asset Management in the first quarter valued at approximately $340,000. Finally, Vanguard Group Inc. lifted its holdings in Brookfield Asset Management by 2.8% during the first quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider's stock worth $2,491,950,000 after acquiring an additional 1,220,298 shares during the period.

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.

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