Brookfield Asset Management Inc (BAM) Receives Consensus Rating of “Buy” from Analysts

Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $47.00.

A number of research analysts have issued reports on BAM shares. Royal Bank of Canada increased their target price on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Scotiabank increased their target price on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the stock an “outperform” rating in a research report on Friday, November 10th. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. TheStreet lowered shares of Brookfield Asset Management from a “b” rating to a “c+” rating in a research report on Thursday, November 16th. Finally, Canaccord Genuity restated a “buy” rating and set a $47.00 target price on shares of Brookfield Asset Management in a research report on Monday, October 2nd.

Brookfield Asset Management (BAM) opened at $42.93 on Friday. Brookfield Asset Management has a 52 week low of $33.51 and a 52 week high of $44.33. The company has a market cap of $41,349.10, a PE ratio of 95.40 and a beta of 1.04. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Thursday, November 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%. The firm had revenue of $15.40 billion for the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a dividend of $0.18 per share. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 124.45%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. QS Investors LLC boosted its position in shares of Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth approximately $149,000. Atlantic Trust LLC acquired a new stake in shares of Brookfield Asset Management during the 2nd quarter worth approximately $191,000. Cortland Associates Inc. MO acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth approximately $209,000. Finally, Harbour Capital Advisors LLC acquired a new stake in shares of Brookfield Asset Management during the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 54.44% of the company’s stock.

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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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