Brookfield Asset Management (NYSE:BAM) Price Target Raised to $55.00 at UBS Group

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price objective boosted by research analysts at UBS Group from $48.00 to $55.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price would indicate a potential upside of 3.93% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. National Bank Financial upped their price objective on shares of Brookfield Asset Management from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. JPMorgan Chase & Co. dropped their target price on shares of Brookfield Asset Management from $72.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Morgan Stanley set a $56.00 price target on shares of Brookfield Asset Management and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Scotiabank reaffirmed an “outperform” rating and issued a $59.00 price target on shares of Brookfield Asset Management in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Brookfield Asset Management has an average rating of “Hold” and an average target price of $59.41.

Brookfield Asset Management Price Performance

BAM traded up $0.29 during trading on Thursday, hitting $52.92. The company’s stock had a trading volume of 1,517,282 shares, compared to its average volume of 3,297,483. The firm has a market capitalization of $86.69 billion, a price-to-earnings ratio of 34.37, a P/E/G ratio of 2.11 and a beta of 1.26. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $63.54. The business’s fifty day simple moving average is $47.16 and its 200 day simple moving average is $47.60. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. Brookfield Asset Management had a return on equity of 30.66% and a net margin of 49.69%.The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.47 billion. On average, equities research analysts forecast that Brookfield Asset Management will post 1.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Crescent Grove Advisors LLC increased its stake in Brookfield Asset Management by 4.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider’s stock worth $251,000 after acquiring an additional 200 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Brookfield Asset Management by 3.6% during the 4th quarter. Kestra Advisory Services LLC now owns 6,301 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 218 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Brookfield Asset Management by 1.3% during the 4th quarter. Foundations Investment Advisors LLC now owns 17,165 shares of the financial services provider’s stock worth $899,000 after purchasing an additional 226 shares during the period. Integrated Wealth Concepts LLC increased its position in Brookfield Asset Management by 3.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 7,578 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 238 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in Brookfield Asset Management by 29.6% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,096 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 250 shares in the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Brookfield Asset Management

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: Record fundraising and earnings growth: Brookfield raised a record $77 billion during the second quarter and $98 billion year to date. Quarterly fee-related earnings rose 20% year over year to $808 million, while distributable earnings increased 15% to $707 million. The company also highlighted strategic partnerships supporting its position in AI infrastructure, energy and retirement services. Brookfield Asset Management Announces Record Second Quarter Results
• Positive Sentiment: Revenue exceeded expectations: Second-quarter revenue was $1.75 billion, well above the $1.47 billion analyst consensus cited by MarketBeat. Earnings per share of $0.44 also modestly surpassed the $0.43 consensus estimate, while increasing from $0.38 a year earlier. The company reported a 49.69% net margin and 30.66% return on equity. Brookfield Asset Management Second-Quarter Earnings
• Positive Sentiment: Dividend provides shareholder support: Brookfield declared a quarterly dividend of $0.5025 per share, payable September 29 to shareholders of record August 31. The annualized payout is approximately $2.01 per share, representing a stated yield of about 3.8%. Brookfield Asset Management Dividend Announcement
• Neutral Sentiment: Metric comparisons could shape the next move: A Zacks review examines Brookfield’s second-quarter operating metrics against Wall Street estimates and year-ago results. While EPS matched Zacks’ consensus at $0.44, investors may assess the underlying metrics to determine whether the earnings momentum is durable. Compared to Estimates, Brookfield Q2 Earnings: Key Metrics

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.