Piper Sandler Sticks to Their Hold Rating for Brookfield Asset Management Ltd. Class A (BAM)

In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on Brookfield Asset Management Ltd. Class A, with a price target of $48.00.

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Love covers the Financial sector, focusing on stocks such as PennyMac Financial, Blue Owl Capital, and SEI Investments Company. According to TipRanks, Love has an average return of 4.9% and a 49.30% success rate on recommended stocks.

In addition to Piper Sandler, Brookfield Asset Management Ltd. Class A also received a Hold from Bank of America Securities’s Craig Siegenthaler in a report issued on April 5. However, yesterday, 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.