Cibc Private Wealth Group 13F: Cuts BAM Stake by $624K

CIBC Private Wealth Group recently filed a 13F with the SEC, revealing it had trimmed its holdings in Brookfield Asset Management Ltd. (NYSE: BAM). The firm reduced its position by 13,914 shares, a 3.8% decrease, bringing its total to 352,261 shares. The value of this stake is now approximately $16.71 million as of the filing.

What Changed in CIBC Private Wealth Group's Brookfield Asset Management Position

CIBC Private Wealth Group cut its holdings in Brookfield Asset Management by 13,914 shares, moving from 366,175 shares to 352,261 shares. This represents a 3.8% reduction in their stake. The current value of their position is about $16.71 million.

Other Institutional Activity in Brookfield Asset Management

In other institutional activity, Partners Value Investments L.P. reduced its holdings by 1,201,157 shares, leaving it with 29,588,407 shares valued at about $1.32 billion. Royal Bank of Canada also trimmed its position by 468,701 shares, now holding 19,709,657 shares worth approximately $876.09 million. Meanwhile, TD Asset Management Inc. significantly reduced its stake by 2,364,423 shares, ending with 13,404,643 shares valued at $594.09 million. On the other hand, Principal Financial Group Inc. increased its holdings by 4,872,090 shares, bringing its total to 12,735,547 shares with a value of $566.09 million.

Brookfield Asset Management Ltd. Stock Down 2.6%

Shares of Brookfield Asset Management (NYSE: BAM) traded recently at $47.44. The company has a market cap of approximately $75.75 billion and a P/E ratio of 30.41, with a forward P/E of 21.75. The stock's 52-week range is between $42.20 and $64.10. Its 50-day moving average is $47.76, while the 200-day moving average is $50.98. Brookfield Asset Management has a beta of 1.247, indicating it is more volatile than the market.

Recent Earnings

Brookfield Asset Management reported revenue of $5.07 billion, showing a growth rate of 23.8%. The company posted an EPS of $1.56, with a net margin of 49.69% and a return on equity of 22.39%. The next earnings report is expected on August 5, 2026.

Dividend

Brookfield Asset Management offers a dividend rate of $2.01, yielding 4.14%. The dividend payout ratio stands at 116.35%, indicating the company returns more to shareholders than it earns.

Analysts Set New Price Targets

On May 18, 2026, Piper Sandler maintained a 'hold' rating with a $50.00 price target. RBC Capital, on May 11, 2026, maintained a 'buy' rating with a price target of $65.00. On the same day, Scotiabank also maintained a 'buy' rating, setting their target at $57.00. The consensus among analysts is a 'buy' rating, with an average target price of $56.86 based on 18 analyst opinions.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is a private equity firm based in New York, specializing in acquisitions and growth capital investments. It serves a wide range of clients including institutional investors, high net worth individuals, and various financial institutions. The firm manages both public and private fund portfolios, investing in real assets such as real estate, infrastructure, renewable power, private equity, and credit. Brookfield Asset Management operates as a subsidiary of Brookfield Corporation and is led by CEO Connor David Teskey.

Bottom Line

CIBC Private Wealth's recent filing shows a slight reduction in its stake in Brookfield Asset Management, reflecting ongoing portfolio adjustments. Investors often track these filings to gauge institutional sentiment on stocks. However, it's important to remember that 13F filings are backward-looking and may not represent current positions.