Brookfield Asset Management (BAM) – Investment Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Brookfield Asset Management (NYSE: BAM) in the last few weeks:

• 9/30/2024 – Brookfield Asset Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $47.00 to $52.00. They now have a “buy” rating on the stock.
• 9/12/2024 – Brookfield Asset Management is now covered by analysts at Wells Fargo & Company. They set an “underweight” rating and a $42.00 price target on the stock.
• 9/12/2024 – Brookfield Asset Management had its price target raised by analysts at Bank of America Co. from $41.00 to $45.00. They now have a “neutral” rating on the stock.
• 9/12/2024 – Brookfield Asset Management had its price target raised by analysts at The Goldman Sachs Group, Inc. from $41.00 to $47.00. They now have a “buy” rating on the stock.
• 9/11/2024 – Brookfield Asset Management had its price target raised by analysts at BMO Capital Markets from $37.00 to $40.00. They now have a “market perform” rating on the stock.
• 8/8/2024 – Brookfield Asset Management had its price target lowered by analysts at Scotiabank from $46.00 to $45.50. They now have a “sector outperform” rating on the stock.
• 8/8/2024 – Brookfield Asset Management had its price target lowered by analysts at JPMorgan Chase & Co. from $42.00 to $41.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – Brookfield Asset Management had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $43.00 to $44.00. They now have a “buy” rating on the stock.
• 8/7/2024 – Brookfield Asset Management was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/6/2024 – Brookfield Asset Management had its price target raised by analysts at TD Securities from $49.00 to $50.00. They now have a “buy” rating on the stock.

Brookfield Asset Management Price Performance

NYSE BAM traded down $0.47 during trading hours on Thursday, reaching $47.29. The company’s stock had a trading volume of 166,387 shares, compared to its average volume of 1,288,252. The firm has a market capitalization of $20.98 billion, a price-to-earnings ratio of 43.79, a P/E/G ratio of 2.36 and a beta of 1.56. Brookfield Asset Management Ltd. has a 1-year low of $28.35 and a 1-year high of $48.15. The company’s 50-day moving average is $42.70 and its two-hundred day moving average is $40.76.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Friday, August 9th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). The company had revenue of $916.00 million during the quarter, compared to analysts’ expectations of $1.16 billion. Brookfield Asset Management had a net margin of 51.29% and a return on equity of 92.37%. During the same quarter last year, the company earned $0.28 earnings per share. Equities analysts forecast that Brookfield Asset Management Ltd. will post 1.42 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, August 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 3.21%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 140.74%.

Institutional Trading of Brookfield Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in BAM. YHB Investment Advisors Inc. purchased a new stake in Brookfield Asset Management in the 1st quarter valued at approximately $26,000. Massmutual Trust Co. FSB ADV boosted its position in Brookfield Asset Management by 98.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 777 shares of the financial services provider’s stock valued at $30,000 after buying an additional 385 shares during the last quarter. Continuum Advisory LLC boosted its position in Brookfield Asset Management by 57.6% in the 2nd quarter. Continuum Advisory LLC now owns 780 shares of the financial services provider’s stock valued at $30,000 after buying an additional 285 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Brookfield Asset Management by 574.2% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 890 shares of the financial services provider’s stock valued at $37,000 after buying an additional 758 shares during the last quarter. Finally, Richardson Financial Services Inc. boosted its position in Brookfield Asset Management by 368.3% in the 2nd quarter. Richardson Financial Services Inc. now owns 960 shares of the financial services provider’s stock valued at $37,000 after buying an additional 755 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

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.