Brookfield Asset Management Inc. (NYSE:BAM)‘s stock had its “buy” rating reissued by stock analysts at TD Securities in a research note issued on Sunday. They currently have a $46.00 price objective on the stock. TD Securities’ price objective points to a potential upside of 30.76% from the company’s previous close.

A number of other equities analysts have also recently weighed in on BAM. Vetr raised Brookfield Asset Management from a “hold” rating to a “buy” rating and set a $38.94 price objective on the stock in a report on Monday, June 6th. Zacks Investment Research cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Canaccord Genuity reissued a “buy” rating and set a $38.00 price objective on shares of Brookfield Asset Management in a report on Friday, August 12th. Credit Suisse Group AG set a $36.00 price objective on Brookfield Asset Management and gave the company a “hold” rating in a report on Monday, August 22nd. Finally, TheStreet cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Monday, September 19th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $40.07.

Brookfield Asset Management (NYSE:BAM) traded down 0.34% during trading on Friday, hitting $35.18. The company’s stock had a trading volume of 1,102,285 shares. Brookfield Asset Management has a 12 month low of $25.72 and a 12 month high of $35.73. The firm has a 50 day moving average of $34.13 and a 200 day moving average of $33.90. The firm has a market cap of $33.74 billion, a P/E ratio of 27.21 and a beta of 0.97.

Brookfield Asset Management (NYSE:BAM) last announced its quarterly earnings data on Friday, August 12th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.39. The company had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $4.78 billion. Brookfield Asset Management had a return on equity of 2.54% and a net margin of 6.47%. Brookfield Asset Management’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same period last year, the firm posted $0.65 EPS. Equities research analysts predict that Brookfield Asset Management will post $0.93 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.48%. Brookfield Asset Management’s dividend payout ratio is currently 39.39%.

Large investors have recently modified their holdings of the company. Bank of Nova Scotia Trust Co. raised its stake in shares of Brookfield Asset Management by 2.6% in the first quarter. Bank of Nova Scotia Trust Co. now owns 93,810 shares of the company’s stock worth $3,263,000 after buying an additional 2,369 shares in the last quarter. Scotia Capital Inc. raised its stake in Brookfield Asset Management by 7.8% in the first quarter. Scotia Capital Inc. now owns 1,309,337 shares of the company’s stock valued at $45,532,000 after buying an additional 94,737 shares in the last quarter. UBS Group AG raised its stake in Brookfield Asset Management by 18.3% in the first quarter. UBS Group AG now owns 881,971 shares of the company’s stock valued at $30,684,000 after buying an additional 136,726 shares in the last quarter. Third Avenue Management LLC raised its stake in Brookfield Asset Management by 9.6% in the first quarter. Third Avenue Management LLC now owns 4,737,134 shares of the company’s stock valued at $164,805,000 after buying an additional 413,494 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Brookfield Asset Management by 0.5% in the first quarter. 1832 Asset Management L.P. now owns 7,692,954 shares of the company’s stock valued at $431,689,000 after buying an additional 37,308 shares in the last quarter. Hedge funds and other institutional investors own 53.31% of the company’s stock.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

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