Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A was upgraded by research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Tuesday.
Several other equities analysts also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Brookfield Asset Management from $50.00 to $48.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group decreased their target price on Brookfield Asset Management from $52.00 to $46.00 and set a "hold" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price objective on Brookfield Asset Management from $57.00 to $56.00 and set an "underperform" rating for the company in a research note on Monday, January 13th. CIBC raised their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Morgan Stanley reduced their price target on shares of Brookfield Asset Management from $62.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management presently has an average rating of "Moderate Buy" and a consensus target price of $57.15.
View Our Latest Stock Report on Brookfield Asset Management
Brookfield Asset Management Stock Performance
NYSE BAM traded up $0.57 during trading on Tuesday, reaching $48.56. 1,224,243 shares of the company's stock were exchanged, compared to its average volume of 1,431,510. The company has a 50 day moving average price of $51.00 and a two-hundred day moving average price of $53.62. The stock has a market cap of $79.51 billion, a P/E ratio of 36.79, a price-to-earnings-growth ratio of 1.92 and a beta of 1.63. Brookfield Asset Management has a 1 year low of $37.29 and a 1 year high of $62.61.
Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 54.47% and a return on equity of 81.16%. Research analysts forecast that Brookfield Asset Management will post 1.7 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. ST Germain D J Co. Inc. acquired a new stake in Brookfield Asset Management in the first quarter valued at $26,000. Truvestments Capital LLC lifted its stake in shares of Brookfield Asset Management by 487.2% in the fourth quarter. Truvestments Capital LLC now owns 505 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 419 shares during the period. Mountain Hill Investment Partners Corp. purchased a new stake in Brookfield Asset Management during the fourth quarter worth about $32,000. Versant Capital Management Inc grew its position in Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider's stock worth $44,000 after buying an additional 771 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock valued at $47,000 after buying an additional 325 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company's stock.
Brookfield Asset Management Company Profile
(
Get Free Report)
Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.
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