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TSE:BAM

Brookfield Asset Management (BAM) Stock Price, News & Analysis

C$61.43
+0.50 (+0.82%)
(As of 03:59 PM ET)
Today's Range
C$60.82
C$61.74
50-Day Range
C$51.65
C$60.69
52-Week Range
C$39.38
C$61.74
Volume
324,545 shs
Average Volume
1.07 million shs
Market Capitalization
C$25.73 billion
P/E Ratio
41.51
Dividend Yield
3.34%
Price Target
N/A
BAM stock logo

About Brookfield Asset Management Stock (TSE:BAM)

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. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes housing, logistics, hospitality, science and innovation, office, and retail sectors. Further, it provides credit business; and insurance solution in the reinsurance, annuities, operating platform, and investment solutions sectors. Brookfield Asset Management Ltd. was incorporated in 2022 and is headquartered in Toronto, Canada.

BAM Stock Price History

BAM Stock News Headlines

Biden's Executive Order, Dems Digital Money Legislation, First Step To
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
Brookfield To Invest In Infinium To Advance EFuels Production - Quick Facts
Biden's Executive Order, Dems Digital Money Legislation, First Step To
Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.
Brookfield: Q2 Earnings Snapshot
See More Headlines
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Company Calendar

Ex-Dividend for 6/28 Dividend
5/31/2024
Dividend Payable
6/28/2024
Last Earnings
8/07/2024
Ex-Dividend for 9/27 Dividend
8/30/2024
Today
9/16/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
11/04/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
Trading
CIK
N/A
Fax
N/A
Employees
2,400
Year Founded
N/A

Profitability

Net Income
C$443 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.89 billion
Cash Flow
C$7.40 per share
Book Value
C$7.71 per share

Miscellaneous

Free Float
N/A
Market Cap
C$25.52 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Mark Joseph Carney FPC (Age 59)
    MPC, PRC, Chair of Board & Head of Transition Investing
  • Mr. James Bruce Flatt (Age 59)
    CEO & Director
    Comp: $510.34k
  • Mr. Connor David Teskey (Age 36)
    President and CEO of Renewable Power & Transition
    Comp: $2.49M
  • Mr. Bahir Manios (Age 45)
    Managing Partner & CFO
    Comp: $1.35M
  • Mr. Justin B. Beber (Age 54)
    Managing Partner & COO
  • Mr. Brian William Kingston (Age 51)
    Managing Partner, CEO of Real Estate & Director
    Comp: $2.04M
  • Mr. Cyrus Madon (Age 58)
    Managing Partner, Executive Chairman of Private Equity & Director
    Comp: $797k
  • Ms. Lori Anne Pearson F.C.A. (Age 62)
    FCPA, Managing Partner & COO of Brookfield Corporation
  • Mr. Samuel J. B. Pollock (Age 58)
    Managing Partner, CEO of Infrastructure & Director
    Comp: $797k
  • Mr. Dominic Dodds
    Managing Director of Technology

Should I Buy Brookfield Asset Management Stock? BAM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Brookfield Asset Management Ltd.:

  • Brookfield Asset Management Ltd. recently raised its dividend to $0.53 per share, indicating a strong commitment to rewarding shareholders with regular income. This can be attractive to income-seeking investors looking for stable returns.
  • The company has a diversified business model, with a focus on alternative asset management services, including renewable power and transition businesses. This diversification can help mitigate risks associated with a single sector or asset class.
  • Brookfield Asset Management Ltd. has shown consistent growth in revenue and earnings, with a positive outlook for future earnings per share. This growth potential can be appealing to investors seeking capital appreciation.
  • Despite recent insider selling, the company's stock price has been performing well, surpassing its 200-day moving average. This positive stock performance may indicate market confidence in the company's future prospects.
  • With a current dividend yield of 3.86%, Brookfield Asset Management Ltd. offers an attractive income opportunity compared to other investment options, especially in a low-interest-rate environment.

Cons

Investors should be bearish about investing in Brookfield Asset Management Ltd. for these reasons:

  • The company recently missed earnings estimates, reporting lower earnings per share than expected. This could raise concerns about the company's ability to meet future earnings projections and impact investor confidence.
  • Brookfield Asset Management Ltd. has a relatively high debt-to-equity ratio of 11.63, which may indicate higher financial leverage and potential risks in case of economic downturns or interest rate changes.
  • Insider selling activity, including significant sales by directors and senior officers, may signal lack of confidence in the company's future performance or potential challenges ahead, which could be a red flag for investors.
  • The company's payout ratio of 143.84% raises questions about the sustainability of its dividend payments at the current level. A high payout ratio may limit future growth opportunities or lead to dividend cuts in the future.
  • While the stock price has shown recent positive movement, the company's market cap of C$22.89 billion and P/E ratio of 37.77 may indicate a relatively high valuation compared to industry peers, potentially limiting upside potential for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 8, 2024. Please send any questions or comments about these Brookfield Asset Management pros and cons to contact@marketbeat.com.

BAM Stock Analysis - Frequently Asked Questions

How have BAM shares performed this year?

Brookfield Asset Management's stock was trading at C$53.22 at the start of the year. Since then, BAM stock has increased by 14.9% and is now trading at C$61.15.
View the best growth stocks for 2024 here
.

How were Brookfield Asset Management's earnings last quarter?

Brookfield Asset Management Ltd. (TSE:BAM) issued its quarterly earnings data on Wednesday, August, 7th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by $0.01. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.61 billion.

How do I buy shares of Brookfield Asset Management?

Shares of BAM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BAM) was last updated on 9/16/2024 by MarketBeat.com Staff

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