Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A)‘s stock had its “buy” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research note issued on Friday. They presently have a $45.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 14.04% from the company’s previous close.

BAM has been the topic of several other reports. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada upped their target price on Brookfield Asset Management from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 12th. BidaskClub lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, TD Securities reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research report on Saturday, May 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $41.57.

Brookfield Asset Management (BAM) traded up 0.92% during midday trading on Friday, reaching $39.46. 548,658 shares of the company traded hands. The stock has a market capitalization of $37.83 billion, a price-to-earnings ratio of 31.64 and a beta of 1.04. The firm has a 50 day moving average of $38.25 and a 200-day moving average of $36.26. Brookfield Asset Management has a 12 month low of $32.04 and a 12 month high of $40.09.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, May 11th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.26. Brookfield Asset Management had a net margin of 5.39% and a return on equity of 2.12%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $5.02 billion. During the same period in the prior year, the company earned $0.69 EPS. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. Analysts forecast that Brookfield Asset Management will post $1.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were paid a $0.14 dividend. The ex-dividend date was Friday, May 26th. This represents a $0.56 annualized dividend and a yield of 1.42%. Brookfield Asset Management’s dividend payout ratio is currently 44.80%.

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Several hedge funds have recently modified their holdings of the stock. Assetmark bought a new position in shares of Brookfield Asset Management during the third quarter worth approximately $0. 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 financial services provider’s stock worth $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 financial services provider’s stock worth $138,000 after buying an additional 1,270 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new stake in shares of Brookfield Asset Management during the second quarter worth $143,000. Finally, 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 financial services provider’s stock worth $173,000 after buying an additional 2,019 shares in the last quarter. Hedge funds and other institutional investors own 53.52% 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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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