TD Securities Issues Positive Forecast for Brookfield Asset Management (NYSE:BAM) Stock Price

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A had its target price upped by stock analysts at TD Securities from $64.00 to $66.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD Securities' target price suggests a potential upside of 14.59% from the company's current price.

A number of other research analysts also recently commented on the company. CIBC increased their target price on Brookfield Asset Management from $63.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. UBS Group began coverage on Brookfield Asset Management in a research note on Monday, December 16th. They set a "buy" rating on the stock. StockNews.com lowered shares of Brookfield Asset Management from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. Royal Bank of Canada raised their price target on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Brookfield Asset Management from $56.00 to $55.00 and set an "underweight" rating for the company in a research report on Tuesday, January 14th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $56.71.

Brookfield Asset Management Stock Performance

Shares of BAM stock traded up $2.48 during mid-day trading on Monday, reaching $57.60. 1,218,509 shares of the company were exchanged, compared to its average volume of 1,375,134. The company has a market capitalization of $25.52 billion, a P/E ratio of 50.97, a P/E/G ratio of 2.18 and a beta of 1.46. The business's 50 day simple moving average is $56.41 and its 200 day simple moving average is $50.89. Brookfield Asset Management has a fifty-two week low of $37.29 and a fifty-two week high of $62.61.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Brookfield Asset Management had a net margin of 49.69% and a return on equity of 85.03%. On average, analysts forecast that Brookfield Asset Management will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Brookfield Asset Management

A number of institutional investors and hedge funds have recently bought and sold shares of BAM. RE Dickinson Investment Advisors LLC lifted its stake in shares of Brookfield Asset Management by 3.2% in the 4th quarter. RE Dickinson Investment Advisors LLC now owns 6,962 shares of the financial services provider's stock worth $377,000 after acquiring an additional 215 shares during the period. Redwood Park Advisors LLC bought a new stake in Brookfield Asset Management during the fourth quarter worth approximately $64,000. Colonial Trust Advisors lifted its position in Brookfield Asset Management by 0.9% in the fourth quarter. Colonial Trust Advisors now owns 90,112 shares of the financial services provider's stock worth $4,883,000 after purchasing an additional 818 shares during the period. Faithward Advisors LLC acquired a new stake in Brookfield Asset Management in the fourth quarter worth approximately $207,000. Finally, APG Asset Management N.V. bought a new position in Brookfield Asset Management during the 4th quarter valued at $11,700,000. Institutional investors own 68.41% of the company's stock.

About Brookfield Asset Management

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.