Brookfield Asset Management Inc. (NYSE: BAM) expects quarterly dividend of $ 0.13
Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) declared a quarterly dividend on Wednesday, November 10, Zacks reports. Investors of record on Tuesday, November 30 will receive a dividend of 0.13 per share from the financial services provider on Friday, December 31. This represents an annualized dividend of $ 0.52 and a dividend yield of 0.90%. The ex-dividend date is Monday, November 29.
Brookfield Asset Management has reduced its dividend by 3.6% over the past three years and has increased its dividend each year for the past two years. Brookfield Asset Management has a dividend payout ratio of 14.9%, which indicates that its dividend is sufficiently covered by earnings. Analysts expect Brookfield Asset Management to earn $ 2.58 per share next year, which means the company should continue to be able to cover its annual dividend of $ 0.52 with a payout rate. 20.2% expected future.
Brookfield Asset Management shares opened at $ 57.55 on Friday. The company has a market cap of $ 94.40 billion, a P / E ratio of 27.02 and a beta of 1.27. The company has a quick ratio of 0.82, a current ratio of 1.00 and a debt ratio of 1.31. The company has a 50-day moving average price of $ 58.13 and a 200-day moving average price of $ 54.35. Brookfield Asset Management has a 52 week low of $ 37.92 and a 52 week high of $ 62.20.
Brookfield Asset Management (NYSE: BAM) (TSE: BAM.A) last reported its quarterly results on Wednesday, November 10. The financial services provider reported EPS of $ 0.47 for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.92 ($ 0.45). Brookfield Asset Management had a net margin of 4.91% and a return on equity of 2.90%. In the same quarter of the previous year, the company made a profit of $ 0.65 per share. As a group, research analysts predict that Brookfield Asset Management will post earnings per share of 2.14 for the current fiscal year.
Several stock analysts have recently weighed on the title. Canaccord Genuity raised its target price for Brookfield Asset Management stock from $ 66.00 to $ 69.00 and assigned a “buy” rating to the stock in a report released on Friday, November 12. Scotiabank increased its price target for Brookfield Asset Management shares from $ 62.50 to $ 63.00 and rated the stock as “outperforming” in a report released on Monday August 16. BMO Capital Markets raised its target price for Brookfield Asset Management shares from C $ 57.00 to C $ 61.00 and rated the stock “outperforming” in a report released on Friday the 13th. August. Royal Bank of Canada increased its price target for Brookfield Asset Management shares from $ 65.00 to $ 70.00 and rated the stock as “outperforming” in a report released on Monday, November 15. Finally, Zacks Investment Research downgraded Brookfield Asset Management’s stock rating from a “buy” rating to a “hold” rating in a report released on Friday, October 15. Three analysts rated the stock with a conservation rating, seven issued a buy rating, and one issued a strong buy rating for the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $ 64.20.
An institutional investor recently bought a new position in shares of Brookfield Asset Management. BNP Paribas Arbitrage SA acquired a new stake in Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) during the third quarter, according to the company in its latest Form 13F filed with the SEC. The company purchased 4,197 shares of the financial services provider, valued at approximately $ 225,000. 58.55% of the shares are held by hedge funds and other institutional investors.
Brookfield Asset Management Company Profile
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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