Shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) have been assigned an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.56.

BAM has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $45.00 price objective on shares of Brookfield Asset Management in a report on Friday, July 14th. TD Securities upped their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. Scotiabank upped their target price on Brookfield Asset Management from $41.75 to $42.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Royal Bank of Canada upped their target price on Brookfield Asset Management from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Citigroup Inc. upped their target price on Brookfield Asset Management from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th.

Brookfield Asset Management (NYSE BAM) traded up 0.05% during mid-day trading on Friday, hitting $40.14. The stock had a trading volume of 439,965 shares. The stock has a market cap of $38.48 billion, a price-to-earnings ratio of 31.14 and a beta of 1.03. Brookfield Asset Management has a 12-month low of $32.04 and a 12-month high of $40.42. The company has a 50-day moving average of $39.06 and a 200-day moving average of $38.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.28). Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $5.27 billion. During the same period last year, the company earned $0.15 earnings per share. The business’s quarterly revenue was up 58.1% compared to the same quarter last year. On average, analysts anticipate that Brookfield Asset Management will post $1.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.56 dividend on an annualized basis and a yield of 1.40%. Brookfield Asset Management’s dividend payout ratio (DPR) is 43.75%.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its position in shares of Brookfield Asset Management by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 25,567,307 shares of the financial services provider’s stock valued at $932,179,000 after acquiring an additional 169,650 shares during the last quarter. FMR LLC lifted its position in shares of Brookfield Asset Management by 18.9% during the 2nd quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock valued at $983,697,000 after acquiring an additional 3,980,816 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of Brookfield Asset Management by 2.4% during the 2nd quarter. TD Asset Management Inc. now owns 21,728,082 shares of the financial services provider’s stock valued at $851,423,000 after acquiring an additional 518,648 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Brookfield Asset Management by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 18,673,540 shares of the financial services provider’s stock valued at $680,837,000 after acquiring an additional 896,182 shares during the last quarter. Finally, First Manhattan Co. lifted its position in shares of Brookfield Asset Management by 2.3% during the 2nd quarter. First Manhattan Co. now owns 16,439,611 shares of the financial services provider’s stock valued at $644,597,000 after acquiring an additional 363,367 shares during the last quarter. Hedge funds and other institutional investors own 53.73% of the company’s stock.

About Brookfield Asset Management

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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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