Brookfield Asset Management Ltd. (NYSE:BAM – Get Free Report) (TSE:BAM.A) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $42.46.
A number of equities research analysts have weighed in on the company. Scotiabank cut their target price on Brookfield Asset Management from $46.00 to $45.50 and set a “sector outperform” rating for the company in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Brookfield Asset Management from $43.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Royal Bank of Canada lifted their target price on Brookfield Asset Management from $50.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Jefferies Financial Group started coverage on shares of Brookfield Asset Management in a report on Friday, August 2nd. They issued a “hold” rating and a $43.00 price target for the company. Finally, CIBC lifted their price objective on shares of Brookfield Asset Management from $47.00 to $49.00 and gave the stock an “outperformer” rating in a research note on Friday, July 19th.
Get Our Latest Stock Report on BAM
Hedge Funds Weigh In On Brookfield Asset Management
Brookfield Asset Management Stock Down 1.7 %
Shares of NYSE BAM opened at $39.91 on Friday. The stock has a market cap of $17.71 billion, a P/E ratio of 36.95, a P/E/G ratio of 1.95 and a beta of 1.57. The firm’s 50-day simple moving average is $39.84 and its 200 day simple moving average is $40.13. Brookfield Asset Management has a fifty-two week low of $28.35 and a fifty-two week high of $44.38.
Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.A) last released its earnings results on Friday, August 9th. The financial services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $1.16 billion. Brookfield Asset Management had a net margin of 49.36% and a return on equity of 98.98%. During the same period in the previous year, the business posted $0.28 EPS. On average, sell-side analysts anticipate that Brookfield Asset Management will post 1.47 earnings per share for the current fiscal year.
Brookfield Asset Management Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 3.81%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 140.74%.
About Brookfield Asset Management
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.
Featured Stories
- Five stocks we like better than Brookfield Asset Management
- What is an Earnings Surprise?
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- Stock Market Sectors: What Are They and How Many Are There?
- Lowe’s Stock: Hold Now, Buy it When it Dips
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.