Brookfield Asset Management Inc. (NYSE:BAM) had its price target decreased by investment analysts at Royal Bank Of Canada from $41.00 to $40.00 in a research note issued to investors on Monday. The brokerage presently has a “top pick” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 22.40% from the stock’s current price.

Several other research firms also recently commented on BAM. Credit Suisse Group AG set a $36.00 target price on shares of Brookfield Asset Management and gave the stock a “hold” rating in a research report on Thursday, October 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $38.00 price target on shares of Brookfield Asset Management in a research report on Friday, August 12th. TD Securities reaffirmed a “buy” rating and issued a $46.00 price target on shares of Brookfield Asset Management in a research report on Sunday, October 2nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $42.00 price target (up from $40.00) on shares of Brookfield Asset Management in a research report on Monday, September 26th. Finally, TheStreet raised Brookfield Asset Management from a “hold” rating to a “buy” rating in a research report on Monday, October 31st. Two 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 company presently has an average rating of “Buy” and an average target price of $40.04.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

Brookfield Asset Management (NYSE:BAM) opened at 32.68 on Monday. The stock’s 50 day moving average price is $35.19 and its 200 day moving average price is $34.31. The company has a market capitalization of $31.34 billion, a price-to-earnings ratio of 25.27 and a beta of 1.05. Brookfield Asset Management has a 12-month low of $25.72 and a 12-month high of $36.25.

Brookfield Asset Management (NYSE:BAM) last posted its earnings results on Friday, November 11th. The company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ 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 9.37% and a return on equity of 3.76%. The business’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. On average, equities research analysts anticipate that Brookfield Asset Management will post $0.81 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 31st. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, November 28th. Brookfield Asset Management’s dividend payout ratio is 24.88%.

A number of hedge funds and other institutional investors have recently made changes to their positions in BAM. Tower Research Capital LLC TRC boosted its position in shares of Brookfield Asset Management by 1,570.4% in the second quarter. Tower Research Capital LLC TRC now owns 3,274 shares of the company’s stock worth $108,000 after buying an additional 3,078 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of Brookfield Asset Management by 43.3% in the second quarter. Hillsdale Investment Management Inc. now owns 4,200 shares of the company’s stock worth $138,000 after buying an additional 1,270 shares in the last quarter. FineMark National Bank & Trust boosted its position in shares of Brookfield Asset Management by 63.1% in the second quarter. FineMark National Bank & Trust now owns 5,220 shares of the company’s stock worth $173,000 after buying an additional 2,019 shares in the last quarter. CGOV Asset Management acquired a new position in shares of Brookfield Asset Management during the third quarter worth approximately $256,000. Finally, Fisher Asset Management LLC acquired a new position in shares of Brookfield Asset Management during the second quarter worth approximately $207,000. Hedge funds and other institutional investors own 53.65% 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.

5 Day Chart for NYSE:BAM

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