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Brookfield Asset Management (TSE:BAM) received a "buy" rating from UBS Group, while Wells Fargo downgraded it to "strong sell." The stock rose 2.4% to C$83.67, with a market cap of C$35.05 billion and a P/E ratio of 55.77. Insider transactions included significant sales by directors, with insiders owning 14.10% of the company.
Brookfield Asset Management (TSE:BAM) received a "buy" rating from UBS Group, while Wells Fargo downgraded it to "strong sell." The stock rose 2.4% to C$83.67, with a market cap of C$35.05 billion and a P/E ratio of 55.77. Insider transactions included significant sales by directors, with insiders owning 14.10% of the company.
Quent Capital LLC increased its stake in Brookfield Asset Management, now holding 1,135 shares valued at $54,000. Analysts have mixed ratings on the stock, with a consensus "Hold" and a price target of $53.88, while institutional investors own 68.41% of the company. Brookfield reported a quarterly EPS of $0.38, exceeding estimates, with a market cap of $24.64 billion.
Quent Capital LLC increased its stake in Brookfield Asset Management, now holding 1,135 shares valued at $54,000. The company, specializing in alternative asset management, has a "Hold" rating from analysts, with a consensus price target of $53.88. Recent earnings showed a slight EPS increase to $0.38, surpassing estimates, while revenue fell short at $1.12 billion.
Brookfield Asset Management Ltd. specializes in alternative asset management, offering services through its interest in Brookfield Asset Management Inc. and its subsidiaries. The company categorizes its products into long-term private funds, perpetual strategies, and liquid strategies, managing assets across real estate, infrastructure, renewable energy, private equity, and credit. Its diverse clientele includes public and private pension plans, endowments, sovereign wealth funds, financial institutions, and private wealth investors.
Tomas Daga, a key figure in Grifols SA's transformation into a global leader in blood plasma products, is now under scrutiny from hedge fund Mason Capital Management. The fund accuses him of conflicts of interest and acting as a proxy for the Grifols family, which holds a 35% stake in the company, as it seeks to oust him from the board following a failed takeover attempt by Brookfield Asset Management.
Mason Capital Management's Kenneth M. Garschina is pushing for a complete overhaul of Grifols SA's board, seeking to replace veteran director Tomas Daga, a close associate of the founding family. This move follows Brookfield Asset Management's unsuccessful bid for control of the company, during which Garschina demanded a board seat.
The Grifols family, known for transforming a blood-collection business into a major medical fortune, faces renewed scrutiny after Brookfield Asset Management withdrew its plan to take Grifols SA private. The family has stated it will not pursue another deal, bringing to light ongoing issues such as governance concerns, transparency problems, and a heavy debt load from past acquisitions, raising fears of a cash crunch.
Banks are set to forfeit approximately €220 million ($232 million) in underwriting fees after Brookfield Asset Management withdrew its bid to take Grifols private. Around a dozen major lenders had been engaged for nearly six months in arranging a leveraged loan and bond financing package totaling about €11 billion.
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