Other analysts have also issued research reports about the company. Citigroup Inc. lowered their target price on Brookfield Asset Management from $50.00 to $49.50 and set a buy rating on the stock in a report on Friday, November 10th. Canaccord Genuity reissued a buy rating and issued a $42.00 target price on shares of Brookfield Asset Management in a report on Friday, August 11th. TD Securities upped their target price on Brookfield Asset Management from $47.00 to $50.00 and gave the company a buy rating in a report on Friday, August 11th. Royal Bank Of Canada reissued a buy rating and issued a $42.00 target price on shares of Brookfield Asset Management in a report on Thursday, July 27th. Finally, BidaskClub raised Brookfield Asset Management from a sell rating to a hold rating in a research note on Saturday, August 19th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $47.00.
Brookfield Asset Management (BAM) traded up $0.17 during trading on Thursday, reaching $41.41. The company’s stock had a trading volume of 937,256 shares, compared to its average volume of 877,030. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 1.01. The firm has a market capitalization of $40,840.00, a price-to-earnings ratio of 91.91 and a beta of 1.06. Brookfield Asset Management has a 12 month low of $32.41 and a 12 month high of $43.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, November 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.74%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 121.74%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. QS Investors LLC boosted its stake in shares of Brookfield Asset Management by 69.8% during the second quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,150 shares during the last quarter. Veritas Investment Management UK Ltd acquired a new stake in shares of Brookfield Asset Management during the third quarter valued at $149,000. Atlantic Trust LLC acquired a new stake in shares of Brookfield Asset Management during the second quarter valued at $191,000. Cortland Associates Inc. MO purchased a new position in Brookfield Asset Management during the third quarter worth about $209,000. Finally, HM Payson & Co. purchased a new position in Brookfield Asset Management during the second quarter worth about $203,000. 52.06% of the stock is currently owned by institutional investors and hedge funds.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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