Brookfield Asset Management Ltd. Class A (BAM) Gets a Hold from Bank of America Securities

In a report released on April 2, Craig Siegenthaler from Bank of America Securities maintained a Hold rating on Brookfield Asset Management Ltd. Class A, with a price target of $66.00.

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According to TipRanks, Siegenthaler is a 5-star analyst with an average return of 14.1% and a 56.35% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as BlackRock, T Rowe Price, and Affiliated Managers.

In addition to Bank of America Securities, Brookfield Asset Management Ltd. Class A also received a Hold from Piper Sandler’s Crispin Love in a report issued on March 24. However, today, Goldman Sachs maintained a Buy rating on Brookfield Asset Management Ltd. Class A (TSX: BAM).

Based on Brookfield Asset Management Ltd. Class A’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.24 billion and a net profit of C$568.61 million. In comparison, last year the company earned a revenue of C$120 million and had a net profit of C$186 million

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BAM in relation to earlier this year.