Brookfield Asset Management Ltd. (NYSE:BAM) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) have earned a consensus rating of “Moderate Buy” from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $63.3750.

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. Morgan Stanley set a $62.00 target price on shares of Brookfield Asset Management in a report on Monday, October 13th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brookfield Asset Management in a research note on Monday, December 22nd. National Bankshares reduced their price target on shares of Brookfield Asset Management from $71.00 to $69.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on Brookfield Asset Management from $62.00 to $59.00 and set an “underperform” rating on the stock in a report on Monday, November 10th.

Institutional Trading of Brookfield Asset Management

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake in Brookfield Asset Management by 1,270.6% during the second quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider’s stock worth $26,000 after buying an additional 432 shares during the period. Manchester Capital Management LLC lifted its holdings in shares of Brookfield Asset Management by 559.5% in the 2nd quarter. Manchester Capital Management LLC now owns 521 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 442 shares during the last quarter. LOM Asset Management Ltd purchased a new position in shares of Brookfield Asset Management during the 4th quarter worth approximately $31,000. Sagard Holdings Management Inc. acquired a new stake in Brookfield Asset Management in the 2nd quarter valued at approximately $39,000. Finally, eCIO Inc. purchased a new stake in Brookfield Asset Management in the fourth quarter valued at approximately $42,000. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Up 1.1%

BAM stock opened at $51.70 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $52.65 and a two-hundred day moving average of $56.10. Brookfield Asset Management has a 12 month low of $41.78 and a 12 month high of $64.10. The company has a market cap of $84.67 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.19 and a beta of 1.39.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings results on Friday, November 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Brookfield Asset Management had a return on equity of 33.77% and a net margin of 58.25%.The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, analysts forecast that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, November 28th were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, November 28th. Brookfield Asset Management’s dividend payout ratio is 109.38%.

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.