By otakuyassine3@gmail.com 
Brookfield Asset Management Ltd. (NYSE:BAM – Get Free Report) (TSE:BAM.A) has earned an average rating of “Hold” from the thirteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $54.54.
A number of equities research analysts have recently issued reports on BAM shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised their price objective on shares of Brookfield Asset Management from $49.00 to $57.00 and gave the company an “underperform” rating in a research report on Friday. Bank of America upped their target price on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, September 12th. BMO Capital Markets raised their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group upped their price objective on Brookfield Asset Management from $57.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th.
Check Out Our Latest Report on Brookfield Asset Management
Brookfield Asset Management Price Performance
NYSE:BAM opened at $54.76 on Thursday. The company has a market capitalization of $24.26 billion, a P/E ratio of 48.46, a P/E/G ratio of 2.43 and a beta of 1.41. The business has a fifty day simple moving average of $55.11 and a two-hundred day simple moving average of $46.43. Brookfield Asset Management has a 1 year low of $37.19 and a 1 year high of $59.58.
Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last released its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. As a group, analysts anticipate that Brookfield Asset Management will post 1.47 earnings per share for the current year.
Brookfield Asset Management Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.78%. Brookfield Asset Management’s payout ratio is 134.51%.
Institutional Trading of Brookfield Asset Management
A number of hedge funds have recently made changes to their positions in the stock. Public Sector Pension Investment Board raised its stake in Brookfield Asset Management by 0.4% during the third quarter. Public Sector Pension Investment Board now owns 46,513 shares of the financial services provider’s stock valued at $2,201,000 after buying an additional 188 shares during the last quarter. Pathstone Holdings LLC raised its position in shares of Brookfield Asset Management by 1.0% in the 3rd quarter. Pathstone Holdings LLC now owns 29,166 shares of the financial services provider’s stock worth $1,379,000 after purchasing an additional 278 shares during the last quarter. Foundations Investment Advisors LLC raised its position in shares of Brookfield Asset Management by 5.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 6,654 shares of the financial services provider’s stock worth $315,000 after purchasing an additional 315 shares during the last quarter. Continuum Advisory LLC boosted its stake in Brookfield Asset Management by 42.2% in the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 329 shares in the last quarter. Finally, Procyon Advisors LLC grew its position in Brookfield Asset Management by 4.2% during the 3rd quarter. Procyon Advisors LLC now owns 9,063 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 366 shares during the last quarter. 68.41% of the stock is owned by institutional investors.
Brookfield Asset Management Company Profile
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company’s infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.
Further Reading
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