Shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) have earned a consensus rating of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $51.70.
Several equities analysts have recently issued reports on BAM shares. Scotiabank set a $53.00 price target on Brookfield Asset Management and gave the company a “buy” rating in a research report on Thursday, October 18th. BMO Capital Markets started coverage on Brookfield Asset Management in a research report on Thursday, September 20th. They set an “outperform” rating and a $54.00 price target on the stock. Finally, Royal Bank of Canada lifted their price target on Brookfield Asset Management from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, August 10th.
Shares of BAM stock traded down $0.51 during mid-day trading on Monday, hitting $40.23. 1,042,313 shares of the stock traded hands, compared to its average volume of 1,231,811. Brookfield Asset Management has a twelve month low of $37.22 and a twelve month high of $45.04. The stock has a market cap of $40.44 billion, a PE ratio of 15.20 and a beta of 1.02. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.01 and a current ratio of 1.26.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Thursday, August 30th.
Several hedge funds have recently modified their holdings of BAM. Dimensional Fund Advisors LP increased its position in shares of Brookfield Asset Management by 2.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 45,246 shares of the financial services provider’s stock valued at $1,765,000 after purchasing an additional 1,296 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Brookfield Asset Management in the 1st quarter worth $400,000. Principal Financial Group Inc. grew its holdings in shares of Brookfield Asset Management by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 27,657,747 shares of the financial services provider’s stock worth $1,078,648,000 after acquiring an additional 2,289,553 shares during the last quarter. Blair William & Co. IL grew its holdings in shares of Brookfield Asset Management by 47.3% in the 1st quarter. Blair William & Co. IL now owns 13,853 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 4,449 shares during the last quarter. Finally, United Capital Financial Advisers LLC grew its holdings in shares of Brookfield Asset Management by 8.8% in the 1st quarter. United Capital Financial Advisers LLC now owns 34,929 shares of the financial services provider’s stock worth $1,362,000 after acquiring an additional 2,819 shares during the last quarter. Institutional investors own 60.38% of the company’s stock.
Brookfield Asset Management Company Profile
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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