Brookfield Asset Management Inc. (NYSE:BAM) has received an average recommendation of “Buy” from the eleven brokerages that are currently covering the stock. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $40.27.

BAM has been the topic of a number of recent research reports. TD Securities reaffirmed a “buy” rating and issued a $46.00 target price on shares of Brookfield Asset Management in a research report on Sunday, October 2nd. Canaccord Genuity reissued a “buy” rating and set a $38.00 price objective on shares of Brookfield Asset Management in a research report on Friday, August 12th. TheStreet raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a research report on Monday, October 31st. Credit Suisse Group AG set a $36.00 price objective on shares of Brookfield Asset Management and gave the company a “hold” rating in a research report on Thursday, October 6th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up from $40.00) on shares of Brookfield Asset Management in a research report on Monday, September 26th.

Shares of Brookfield Asset Management (NYSE:BAM) opened at 32.68 on Friday. The stock has a 50 day moving average of $35.19 and a 200 day moving average of $34.31. Brookfield Asset Management has a 52-week low of $25.72 and a 52-week high of $36.25. The company has a market cap of $31.34 billion, a price-to-earnings ratio of 25.27 and a beta of 1.05.

Brookfield Asset Management (NYSE:BAM) last released its earnings results on Friday, November 11th. The company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.65. The firm had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $4.80 billion. Brookfield Asset Management had a net margin of 6.47% and a return on equity of 2.54%. The company’s revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities research analysts expect that Brookfield Asset Management will post $0.81 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.59%. Brookfield Asset Management’s payout ratio is presently 24.88%.

Several hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC increased its stake in shares of Brookfield Asset Management by 12.4% in the third quarter. Citadel Advisors LLC now owns 62,732 shares of the company’s stock worth $2,207,000 after buying an additional 6,937 shares during the last quarter. Brown Advisory Securities LLC increased its stake in shares of Brookfield Asset Management by 3.6% in the third quarter. Brown Advisory Securities LLC now owns 27,354 shares of the company’s stock worth $962,000 after buying an additional 960 shares during the last quarter. BOKF NA increased its stake in shares of Brookfield Asset Management by 145.5% in the third quarter. BOKF NA now owns 27,917 shares of the company’s stock worth $982,000 after buying an additional 16,545 shares during the last quarter. Morgan Stanley increased its stake in shares of Brookfield Asset Management by 0.9% in the third quarter. Morgan Stanley now owns 1,417,359 shares of the company’s stock worth $49,862,000 after buying an additional 12,766 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of Brookfield Asset Management by 135.1% in the third quarter. Riverhead Capital Management LLC now owns 15,000 shares of the company’s stock worth $528,000 after buying an additional 8,620 shares during the last quarter. 53.37% of the stock is currently owned by hedge funds and other institutional investors.

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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