Cibc World Market Reduces $29M in Brookfield Asset Management Ltd. ($BAM)
Key Points
- Cibc World Market changed its Brookfield Asset Management Ltd. ($BAM) stake by 14.5% last quarter, cutting to 3,686,583 shares worth $171.87 million.
- Wall Street's consensus rating on $BAM is Buy and an average price target of $56.86.
- $BAM last traded around $46.62.
Cibc World Market reduced its position in Brookfield Asset Management Ltd. ($BAM) by 14.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,686,583 shares of Brookfield Asset Management Ltd. after selling 626,356 shares during the quarter. Cibc World Market's holdings in Brookfield Asset Management Ltd. were worth $171.87 million as of its most recent filing.
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About Brookfield Asset Management Ltd.
Brookfield Asset Management Ltd. is a private equity firm specializing in acquisitions and growth capital investments. The firm primarily provides its services to institutional clients, high net worth individuals, financial institutions, public and private pension plans, sovereign wealth funds, endowments, and foundations. The firm manages separate client-focused public and private fund portfolios, listed partnerships, separate accounts, and co-investments. The firm invests in real assets, including real estate, infrastructure, renewable power, private equity, and credit. The firm employs fundamental and operational analysis to make its investments. The firm uses both in-house and external research to complement its investment process. It was founded in 2022 and is based in New York. Brookfield Asset Management Ltd. operates as a subsidiary of Brookfield Corporation.
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