Fintel reports that on September 12, 2024, Wells Fargo initiated coverage of Brookfield Asset Management (TSX:BAM) with a Underweight recommendation.
Analyst Price Forecast Suggests 2.44% Downside
As of September 1, 2024, the average one-year price target for Brookfield Asset Management is $58.61/share. The forecasts range from a low of $36.84 to a high of $78.02. The average price target represents a decrease of 2.44% from its latest reported closing price of $60.08 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Brookfield Asset Management is 5,453MM. The projected annual non-GAAP EPS is 1.62.
What is the Fund Sentiment?
There are 763 funds or institutions reporting positions in Brookfield Asset Management. This is an increase of 71 owner(s) or 10.26% in the last quarter. Average portfolio weight of all funds dedicated to BAM is 0.25%, an increase of 9.31%. Total shares owned by institutions increased in the last three months by 9.10% to 354,013K shares.
What are Other Shareholders Doing?
Partners Value Investments holds 30,808K shares representing 7.33% ownership of the company. No change in the last quarter.
Capital World Investors holds 23,748K shares representing 5.65% ownership of the company. In its prior filing, the firm reported owning 24,524K shares , representing a decrease of 3.27%. The firm decreased its portfolio allocation in BAM by 13.60% over the last quarter.
AMECX - INCOME FUND OF AMERICA holds 20,433K shares representing 4.86% ownership of the company. No change in the last quarter.
Capital International Investors holds 15,955K shares representing 3.80% ownership of the company. In its prior filing, the firm reported owning 14,197K shares , representing an increase of 11.01%. The firm increased its portfolio allocation in BAM by 3.47% over the last quarter.
Royal Bank Of Canada holds 15,908K shares representing 3.79% ownership of the company. In its prior filing, the firm reported owning 16,213K shares , representing a decrease of 1.91%. The firm decreased its portfolio allocation in BAM by 90.30% over the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
