Brookfield Asset Management Inc. (NYSE: BAM) based on analyst average “Buy” rating
Stocks of Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) have received an average recommendation of “Buy” by the twelve brokerage firms that currently cover the company, reports Marketbeat.com. Three research analysts rated the stock with a keep recommendation, seven gave a buy recommendation, and one gave a strong buy recommendation on the company. The one-year average price target among brokerage firms that reported on the stock in the past year is $ 64.22.
Several research analysts recently published reports on BAM stocks. Royal Bank of Canada increased its price target on Brookfield Asset Management from $ 65.00 to $ 70.00 and assigned the stock an “outperformance” rating in a research note on Monday, November 15. TD Securities raised its price target on Brookfield Asset Management from $ 71.00 to $ 72.00 and assigned the company a “buy on share list” rating in a report released on Monday, November 8. Canaccord Genuity raised its target price on Brookfield Asset Management from $ 66.00 to $ 69.00 and assigned the company a “buy” rating in a research report on Friday, November 12. The Goldman Sachs group downgraded Brookfield Asset Management from a “condemnation-buy” rating to a “buy” rating in a research report published on Friday, November 12. Finally, Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “custody” rating in a research report published on Friday, October 15.
NYSE BAM opened at $ 57.62 on Wednesday. The company has a market cap of $ 94.53 billion, a PE ratio of 27.05 and a beta of 1.30. The company has a debt to equity ratio of 1.31, a quick ratio of 0.82, and a current ratio of 1.00. The company’s fifty-day moving average is $ 58.83 and its 200-day moving average is $ 55.19. Brookfield Asset Management has a 52-week low of $ 37.92 and a 52.20-week high of $ 62.20.
Brookfield Asset Management (NYSE: BAM) (TSE: BAM.A) last reported its results on Wednesday, November 10. The financial services provider reported EPS of $ 0.47 for the quarter, missing analyst consensus estimates of $ 0.92 ($ 0.45). Brookfield Asset Management achieved a return on equity of 2.90% and a net margin of 4.91%. During the same period of the previous year, the company made a profit of $ 0.65 per share. On average, sell-side analysts expect Brookfield Asset Management to post EPS of 2.14 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Tuesday, November 30 will receive a dividend of $ 0.13 per share. The ex-dividend date of this dividend is Monday, November 29. This represents an annualized dividend of $ 0.52 and a return of 0.90%. Brookfield Asset Management’s payout ratio is currently 24.41%.
Several hedge funds have recently increased or reduced their holdings in BAM. Trustcore Financial Services LLC acquired a new position in Brookfield Asset Management during the second quarter valued at approximately $ 26,000. Wealth Quarterback LLC acquired a new stake in Brookfield Asset Management during the 3rd quarter for a value of $ 30,000. Strategic Blueprint LLC acquired a new stake in Brookfield Asset Management during the second quarter valued at $ 36,000. Exchange Traded Concepts LLC acquired a new position in Brookfield Asset Management during the 2nd quarter valued at $ 40,000. Finally, Delta Asset Management LLC TN increased its stake in Brookfield Asset Management by 226.9% during the 3rd quarter. Delta Asset Management LLC TN now owns 899 shares of the financial services provider valued at $ 48,000 after acquiring an additional 624 shares in the last quarter. Institutional investors and hedge funds hold 58.55% of the company’s shares.
About Brookfield Asset Management
Brookfield Asset Management, Inc deals with the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: asset management, real estate, renewable energy, infrastructure, private equity, residential development and corporate activities.
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