Brookfield Asset Management Ltd. (NYSE:BAM – Get Free Report) (TSE:BAM.A) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.20.
Several equities analysts have commented on the stock. TD Securities dropped their price target on shares of Brookfield Asset Management from $52.00 to $49.00 and set an “action list buy” rating on the stock in a research note on Tuesday, January 9th. BMO Capital Markets increased their price objective on Brookfield Asset Management from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Thursday, February 8th. HSBC downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Royal Bank of Canada increased their price objective on Brookfield Asset Management from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Finally, Deutsche Bank Aktiengesellschaft raised Brookfield Asset Management from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $45.00 in a report on Monday, December 18th.
View Our Latest Research Report on Brookfield Asset Management
Institutional Investors Weigh In On Brookfield Asset Management
A number of hedge funds and other institutional investors have recently bought and sold shares of BAM. American Century Companies Inc. boosted its position in shares of Brookfield Asset Management by 0.7% in the 1st quarter. American Century Companies Inc. now owns 38,228 shares of the financial services provider’s stock worth $2,161,000 after buying an additional 268 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Brookfield Asset Management by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 537,451 shares of the financial services provider’s stock worth $30,404,000 after buying an additional 20,309 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Brookfield Asset Management in the 1st quarter worth about $22,369,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Brookfield Asset Management in the 1st quarter worth about $340,000. Finally, Vanguard Group Inc. raised its stake in Brookfield Asset Management by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 44,050,716 shares of the financial services provider’s stock valued at $2,491,950,000 after purchasing an additional 1,220,298 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.
Brookfield Asset Management Stock Down 1.8 %
NYSE BAM opened at $39.39 on Friday. Brookfield Asset Management has a 52 week low of $28.35 and a 52 week high of $43.00. The stock has a market capitalization of $16.27 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.55 and a beta of 1.68. The firm has a 50 day moving average of $41.13 and a two-hundred day moving average of $37.33.
Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.34 by $0.02. The company had revenue of $1.13 billion for the quarter. Brookfield Asset Management had a net margin of 50.23% and a return on equity of 96.43%. During the same quarter in the prior year, the company earned $0.31 earnings per share. On average, equities research analysts expect that Brookfield Asset Management will post 1.49 earnings per share for the current fiscal year.
Brookfield Asset Management Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 3.86%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.32. Brookfield Asset Management’s dividend payout ratio (DPR) is 134.51%.
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.
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