Brookfield Asset Management Ltd. (NYSE:BAM) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.3750.

A number of research firms recently weighed in on BAM. Wall Street Zen raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley set a $62.00 price target on shares of Brookfield Asset Management in a research report on Monday, October 13th. Royal Bank Of Canada set a $74.00 price objective on Brookfield Asset Management and gave the stock an “outperform” rating in a research report on Monday, December 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. Finally, The Goldman Sachs Group reduced their target price on Brookfield Asset Management from $67.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Brookfield Asset Management

A number of institutional investors and hedge funds have recently bought and sold shares of BAM. Apollon Wealth Management LLC grew its stake in Brookfield Asset Management by 1.4% in the 4th quarter. Apollon Wealth Management LLC now owns 19,131 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 269 shares in the last quarter. Woodmont Investment Counsel LLC raised its position in shares of Brookfield Asset Management by 7.3% during the 4th quarter. Woodmont Investment Counsel LLC now owns 140,878 shares of the financial services provider’s stock valued at $7,381,000 after buying an additional 9,531 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Brookfield Asset Management during the 4th quarter worth $71,000. Kraematon Investment Advisors Inc. lifted its holdings in shares of Brookfield Asset Management by 2.0% during the 4th quarter. Kraematon Investment Advisors Inc. now owns 12,073 shares of the financial services provider’s stock worth $632,000 after acquiring an additional 234 shares during the last quarter. Finally, Blue Zone Wealth Advisors LLC grew its position in Brookfield Asset Management by 2.7% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 181,049 shares of the financial services provider’s stock worth $9,485,000 after acquiring an additional 4,676 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Up 1.1%

Shares of NYSE BAM opened at $51.61 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.05. The company has a market cap of $84.53 billion, a P/E ratio of 32.26, a P/E/G ratio of 2.18 and a beta of 1.39. Brookfield Asset Management has a 52 week low of $41.78 and a 52 week high of $64.10. The business has a 50-day simple moving average of $52.59 and a two-hundred day simple moving average of $56.19.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. Brookfield Asset Management had a return on equity of 33.77% and a net margin of 58.25%.The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Research analysts anticipate that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $1.75 annualized dividend and a dividend yield of 3.4%. Brookfield Asset Management’s payout ratio is presently 109.38%.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.