Brookfield Asset Management Inc. (NYSE: BAM) Receives Analysts ‘Buy’ Consensus Rating
Stocks of Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) have garnered a consensus âbuyâ recommendation from the twelve brokerage firms that currently cover the company, Marketbeat reports. Three equity research analysts rated the stock with a conservation rating, seven issued a buy rating, and one gave the company a high buy rating. The one-year average price target among analysts who published a report on the stock in the past year is $ 64.22.
A number of brokerage firms have published reports on BAM. raised its target price for Brookfield Asset Management shares from $ 66.00 to $ 69.00 and assigned the company a âbuyâ rating in a research note on Friday, November 12. Royal Bank of Canada raised its price target for Brookfield Asset Management shares from $ 65.00 to $ 70.00 and assigned the company an “outperformance” rating in a research note on Monday, November 15. TD Securities raised its price target for Brookfield Asset Management shares from $ 71.00 to $ 72.00 and assigned the company a âbuy on share listâ rating in a research note on Monday 8 November. The Goldman Sachs group downgraded Brookfield Asset Management shares from a “condemnation-buy” rating to a “buy” rating in a research note on Friday, November 12. Finally, Credit Suisse Group raised its target price on Brookfield Asset Management shares from $ 54.00 to $ 63.00 and gave the company a “neutral” rating in a research note on Wednesday, November 10.
A number of institutional investors and hedge funds have recently bought and sold shares of BAM. Brookfield Asset Management Inc. purchased a new stake in Brookfield Asset Management in the third quarter valued at $ 6,974,274,000. Viking Global Investors LP increased its stake in Brookfield Asset Management by 311.2% in the 3rd quarter. Viking Global Investors LP now owns 16,987,106 shares of the financial services provider valued at $ 908,980,000 after purchasing an additional 12,856,497 shares in the last quarter. FIL Ltd increased its stake in Brookfield Asset Management by 30.0% in the 3rd quarter. FIL Ltd now owns 29,604,720 shares of the financial services provider valued at $ 1,586,351,000 after purchasing an additional 6,829,447 shares during the last quarter. Capital International Investors increased its stake in Brookfield Asset Management by 79.1% in the 2nd quarter. Capital International Investors now owns 13,539,590 shares of the financial services provider valued at $ 690,249,000 after purchasing an additional 5,978,376 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Brookfield Asset Management by 8.9% in the second quarter. Bank of Montreal Can now owns 59,789,257 shares of the financial services provider valued at $ 3,136,545,000 after purchasing an additional 4,864,610 shares in the last quarter. 58.55% of the shares are currently held by institutional investors and hedge funds.
Actions of Brookfield Asset Management Shares opened at $ 57.37 on Friday. 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 market cap of $ 94.08 billion, a P / E ratio of 26.93 and a beta of 1.30. The company has a 50-day mobile average price of $ 58.99 and a 200-day mobile average price of $ 56.27. 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 quarterly results on Wednesday, November 10. The financial services provider reported earnings per share (EPS) of $ 0.47 for the quarter, missing analyst consensus estimates of $ 0.92 per ($ 0.45). Brookfield Asset Management had a net margin of 4.91% and a return on equity of 2.90%. The company posted sales of $ 19.25 billion in the quarter. In the same quarter of the previous year, the company posted earnings per share of $ 0.65.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 31. Investors registered on Tuesday, November 30, received a dividend of $ 0.13. The ex-dividend date was Monday, November 29. This represents an annualized dividend of $ 0.52 and a return of 0.91%. Brookfield Asset Management’s dividend payout ratio is currently 24.41%.
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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