UBS Remains a Hold on Brookfield Asset Management Ltd. Class A (BAM)

In a report released yesterday, Michael Brown from UBS maintained a Hold rating on Brookfield Asset Management Ltd. Class A, with a price target of $52.00. The company’s shares closed yesterday at C$59.02.

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Brown covers the Financial sector, focusing on stocks such as Blackstone Group, Apollo Global Management, and BlackRock. According to TipRanks, Brown has an average return of 8.8% and a 60.09% success rate on recommended stocks.

Currently, the analyst consensus on Brookfield Asset Management Ltd. Class A is a Moderate Buy with an average price target of $64.14, implying an 8.67% upside from current levels. In a report released yesterday, Piper Sandler also maintained a Hold rating on the stock with a $53.00 price target.

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 33 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.