Brookfield Asset Management (BAM) Upgraded at TheStreet

TheStreet upgraded shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a c+ rating to a b rating in a report released on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. Scotiabank set a $49.00 price target on Brookfield Asset Management and gave the stock a buy rating in a report on Tuesday, March 27th. Royal Bank of Canada boosted their price target on Brookfield Asset Management from $45.00 to $46.00 and gave the stock an outperform rating in a report on Friday, February 16th. Finally, TD Securities boosted their price target on Brookfield Asset Management from $52.00 to $54.00 and gave the stock a buy rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $48.42.

NYSE BAM traded down $0.35 during midday trading on Wednesday, hitting $39.25. The company had a trading volume of 106,204 shares, compared to its average volume of 1,321,703. The stock has a market capitalization of $37,640.38, a PE ratio of 29.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.19 and a quick ratio of 0.94. Brookfield Asset Management has a twelve month low of $36.07 and a twelve month high of $44.33.



Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $1.13. The firm had revenue of $13.07 billion during the quarter, compared to analysts’ expectations of $5.31 billion. Brookfield Asset Management had a return on equity of 2.05% and a net margin of 3.58%. The company’s quarterly revenue was up 88.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%.

Several institutional investors have recently bought and sold shares of the company. Sather Financial Group Inc raised its holdings in shares of Brookfield Asset Management by 0.5% during the 4th quarter. Sather Financial Group Inc now owns 281,299 shares of the financial services provider’s stock worth $12,248,000 after buying an additional 1,331 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Brookfield Asset Management by 3.6% during the 4th quarter. FDx Advisors Inc. now owns 38,443 shares of the financial services provider’s stock worth $1,674,000 after buying an additional 1,336 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Brookfield Asset Management by 1.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 119,013 shares of the financial services provider’s stock worth $5,180,000 after buying an additional 1,374 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Brookfield Asset Management by 2.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 61,747 shares of the financial services provider’s stock worth $2,697,000 after buying an additional 1,405 shares in the last quarter. Finally, Blue Fin Capital Inc. raised its holdings in shares of Brookfield Asset Management by 14.3% during the 4th quarter. Blue Fin Capital Inc. now owns 11,745 shares of the financial services provider’s stock worth $511,000 after buying an additional 1,465 shares in the last quarter. 55.48% of the stock is owned by institutional investors.

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About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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