1 day Ago By Defense World Staff
Bank of America upgraded shares of Brookfield Asset Management (NYSE:BAM – Free Report) (TSE:BAM.A) from a neutral rating to a buy rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have $65.
00 price target on the financial services provider’s stock.BAM has been the subject of a number of other research reports. Jefferies Financial Group cut their price target on Brookfield Asset Management from $52.
00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 8th. CIBC lifted their target price on Brookfield Asset Management from $63.
00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of Brookfield Asset Management from $50.
00 to $48.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on Brookfield Asset Management from $57.
00 to $56.00 and set an “underperform” rating on the stock in a report on Monday, January 13th. Finally, Scotiabank lowered their target price on Brookfield Asset Management from $62.
50 to $58.00 and set a “sector outperform” rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $57.75.
Get Our Latest Analysis on Brookfield Asset ManagementBrookfield Asset Management Stock Up 2.8 %NYSE BAM opened at $47.35 on Thursday.
Brookfield Asset Management has a 52 week low of $37.29 and a 52 week high of $62.61.
The company has a market capitalization of $77.52 billion, a P/E ratio of 35.87, a price-to-earnings-growth ratio of 1.
92 and a beta of 1.63. The stock’s 50-day moving average price is $51.
89 and its 200-day moving average price is $53.58. Brookfield Asset Management (NYSE:BAM – Get Free Report) (TSE:BAM.
A) last released its earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.
39 by $0.01. Brookfield Asset Management had a net margin of 54.
47% and a return on equity of 81.16%. Research analysts anticipate that Brookfield Asset Management will post 1.
7 EPS for the current year. Brookfield Asset Management Increases DividendThe company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, February 28th were paid a $0.
4375 dividend. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38.
This represents a $1.75 annualized dividend and a dividend yield of 3.70%.
The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management’s payout ratio is currently 132.58%.
Institutional Trading of Brookfield Asset ManagementSeveral hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Brookfield Asset Management by 0.
3% during the third quarter. Principal Financial Group Inc. now owns 8,867,458 shares of the financial services provider’s stock worth $419,400,000 after purchasing an additional 24,409 shares in the last quarter.
Verition Fund Management LLC purchased a new position in shares of Brookfield Asset Management during the 3rd quarter valued at approximately $391,000. Wellington Management Group LLP lifted its position in shares of Brookfield Asset Management by 2.5% during the 3rd quarter.
Wellington Management Group LLP now owns 350,268 shares of the financial services provider’s stock valued at $16,565,000 after buying an additional 8,591 shares in the last quarter. MML Investors Services LLC grew its stake in Brookfield Asset Management by 7.3% in the 3rd quarter.
MML Investors Services LLC now owns 17,511 shares of the financial services provider’s stock valued at $828,000 after acquiring an additional 1,193 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in Brookfield Asset Management in the 3rd quarter worth $1,634,000. Institutional investors and hedge funds own 68.
41% of the company’s stock. About Brookfield Asset Management (Get Free Report)Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services.
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