Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been given a consensus rating of “Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $52.70.
BAM has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th. TD Securities boosted their price objective on Brookfield Asset Management from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, May 10th.
In other Brookfield Asset Management news, Director Brookfield Asset Management In sold 1,900,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $23.75, for a total value of $45,125,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of NYSE BAM opened at $47.78 on Friday. Brookfield Asset Management has a one year low of $36.58 and a one year high of $48.74. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.10 and a quick ratio of 0.91. The company’s fifty day moving average price is $47.28. The stock has a market cap of $47.25 billion, a PE ratio of 14.94 and a beta of 1.14.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings results on Thursday, May 9th. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. Brookfield Asset Management had a return on equity of 3.86% and a net margin of 5.63%. The firm had revenue of $15.21 billion for the quarter, compared to analysts’ expectations of $12.35 billion. During the same quarter in the prior year, the firm earned $1.16 EPS.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were paid a $0.16 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Thursday, May 30th.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
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