Brookfield Asset Management Inc. (NYSE:BAM) was upgraded by stock analysts at Royal Bank Of Canada from an “outperform” rating to a “top pick” rating in a report released on Thursday. The brokerage currently has a $41.00 target price on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 21.59% from the company’s previous close.

Several other brokerages also recently issued reports on BAM. Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Vetr upgraded Brookfield Asset Management from a “buy” rating to a “strong-buy” rating and set a $38.94 price objective on the stock in a research report on Monday, June 13th. Credit Suisse Group AG set a $36.00 price objective on Brookfield Asset Management and gave the company a “hold” rating in a research report on Monday, August 22nd. Canaccord Genuity restated a “buy” rating and issued a $38.00 price objective on shares of Brookfield Asset Management in a research report on Friday, August 12th. Finally, RBC Capital Markets upgraded Brookfield Asset Management from an “outperform” rating to a “top pick” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.38.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

Brookfield Asset Management (NYSE:BAM) opened at 33.72 on Thursday. Brookfield Asset Management has a 52-week low of $25.72 and a 52-week high of $35.63. The firm has a market capitalization of $32.34 billion, a P/E ratio of 26.08 and a beta of 0.97. The firm has a 50-day moving average price of $34.07 and a 200 day moving average price of $33.75.

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Brookfield Asset Management (NYSE:BAM) last posted its earnings results on Friday, August 12th. The company reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.39. The company had revenue of $5.97 billion for the quarter, compared to analyst estimates of $4.78 billion. Brookfield Asset Management had a return on equity of 2.54% and a net margin of 6.47%. Brookfield Asset Management’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share. Analysts forecast that Brookfield Asset Management will post $0.93 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, August 29th. This represents a $0.52 annualized dividend and a yield of 1.54%. Brookfield Asset Management’s dividend payout ratio is presently 39.39%.

A number of large investors have recently made changes to their positions in BAM. Tower Research Capital LLC TRC raised its stake in shares of Brookfield Asset Management by 1,570.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,274 shares of the company’s stock valued at $108,000 after buying an additional 3,078 shares in the last quarter. Hillsdale Investment Management Inc. raised its stake in shares of Brookfield Asset Management by 43.3% in the second quarter. Hillsdale Investment Management Inc. now owns 4,200 shares of the company’s stock valued at $138,000 after buying an additional 1,270 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in shares of Brookfield Asset Management during the second quarter valued at approximately $143,000. FineMark National Bank & Trust raised its stake in shares of Brookfield Asset Management by 63.1% in the second quarter. FineMark National Bank & Trust now owns 5,220 shares of the company’s stock valued at $173,000 after buying an additional 2,019 shares in the last quarter. Finally, Fisher Asset Management LLC purchased a new stake in shares of Brookfield Asset Management during the second quarter valued at approximately $207,000. Institutional investors own 53.31% of the company’s stock.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

5 Day Chart for NYSE:BAM

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