Brookfield Asset Management Inc. (NYSE:BAM) declared a quarterly dividend on Friday, November 11th. Shareholders of record on Wednesday, November 30th will be paid a dividend of 0.13 per share on Saturday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 1.53%.

Brookfield Asset Management (NYSE:BAM) opened at 34.05 on Friday. The company has a market cap of $32.65 billion, a PE ratio of 26.33 and a beta of 1.05. Brookfield Asset Management has a 52 week low of $25.72 and a 52 week high of $36.25. The firm’s 50-day moving average is $35.25 and its 200-day moving average is $34.32.

Brookfield Asset Management (NYSE:BAM) last issued its quarterly earnings results on Friday, August 12th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.23 by $0.39. Brookfield Asset Management had a net margin of 6.47% and a return on equity of 2.54%. The firm had revenue of $5.97 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the firm posted $0.65 EPS. The company’s revenue for the quarter was up 21.3% on a year-over-year basis. On average, analysts expect that Brookfield Asset Management will post $0.81 EPS for the current fiscal year.

Dividend History for Brookfield Asset Management (NYSE:BAM)

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Brookfield Asset Management by 3.1% in the third quarter. Ameriprise Financial Inc. now owns 21,579 shares of the company’s stock worth $759,000 after buying an additional 656 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Brookfield Asset Management by 3.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 70,655 shares of the company’s stock worth $2,486,000 after buying an additional 2,142 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Brookfield Asset Management during the second quarter worth about $311,000. AQR Capital Management LLC raised its position in shares of Brookfield Asset Management by 1.8% in the second quarter. AQR Capital Management LLC now owns 786,480 shares of the company’s stock worth $25,883,000 after buying an additional 14,236 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in shares of Brookfield Asset Management by 43.3% in the second quarter. Guggenheim Capital LLC now owns 21,378 shares of the company’s stock worth $707,000 after buying an additional 6,464 shares during the last quarter. Hedge funds and other institutional investors own 53.37% of the company’s stock.

BAM has been the topic of several analyst reports. Credit Suisse Group AG set a $36.00 price target on shares of Brookfield Asset Management and gave the stock a “hold” rating in a research report on Monday, August 22nd. TheStreet cut shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Monday, September 19th. TD Securities reaffirmed a “buy” rating and issued a $46.00 target price on shares of Brookfield Asset Management in a report on Sunday, October 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 target price (up from $40.00) on shares of Brookfield Asset Management in a report on Monday, September 26th. Finally, RBC Capital Markets raised shares of Brookfield Asset Management from an “outperform” rating to a “top pick” rating and set a $41.00 target price on the stock in a report on Wednesday, September 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $40.14.

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.

5 Day Chart for NYSE:BAM

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