On Thursday, the analysts at StockNews.com assumed coverage of Brookfield Asset Management (NYSE: BAM), and they published their findings in a research note distributed to clients and investors (TSE: BAM.A).
The corporation recommended that its shareholders keep their current “hold” position in the company’s stock that provides financial services.
On February 8 this year, the most recent quarterly earnings report for Brookfield Asset Management (NYSE: BAM) (TSE: BAM.A) was made public.
Earnings per share for the company that provides financial services came in at $0.31 for the quarter, which was $0.01 more than the average estimate that analysts took into account. Financial services came in at $0.31 for the quarter, which was $0.01 more than the average estimate that analysts took into account.
The revenue for the quarter came in at $958.10 million, which was a significant amount lower than the industry experts’ prediction of $21.81 billion for the revenue for the quarter.
According to forecasts provided by industry professionals, Brookfield Asset Management is expected to generate $1.39 in earnings per share in 2018.
On Thursday, the price of a share of BAM stock started the trading day at $30.83.
The stock price has reached $32.92, corresponding to its 50-day moving average, and $38.09, corresponding to its 200-day moving average.
The lowest price that Brookfield Asset Management has been at over the past 52 weeks is $26.76, and the highest price that Brookfield Asset Management has been at over the past 52 weeks is $36.50.
A variety of research professionals from a variety of different fields have also provided recent reports about the company.
BMO Capital Markets announced on December 13 that it would begin providing coverage of Brookfield Asset Management by publishing a research note on that day.
They assigned the company the rating of “market perform,” and their price objective for the stock was determined to be $32.00.
The first research report from the Goldman Sachs Group covering Brookfield Asset Management was published on Tuesday, December 13, marking the beginning of the firm’s company coverage.
They gave the stock a “buy” rating and set a price objective of $40.00 for the stock simultaneously.
The Street lowered its rating for Brookfield Asset Management from a “b-” to a “c” in a research study published on November 28 and made available to the general public. JPMorgan Chase & Co increased their target price on Brookfield Asset Management from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report released on Thursday, February 9.
The Royal Bank of Canada gave the stock of Brookfield Asset Management a rating of “outperform” in a research report made public on Thursday, February 9.
The bank also raised its price objective for the company’s shares from $35.00 to $40.00, which it had previously set at $35.00.
The price goal had been previously set at $35.00.
Three investment analysts have given the stock a recommendation to hold it, five analysts have recommended buying it, and one analyst has given the stock a strong buy rating.
According to the information provided by Bloomberg, the stock is currently rated as having an average rating of “Moderate Buy” and has an average price target of $47.06.
This information was derived from analyzing the stock’s performance over the past three months.
In the past few months, various prominent investors have adjusted the percentage of BAM ownership they are currently holding.
Moneta Group Investment Advisers LLC increased the percentage of ownership it held in Brookfield Asset Management by 30,651.5% during the fourth quarter.
Moneta Group Investment Advisors LLC now has 31,097,454 shares after purchasing an additional 30,996,329 in the most recent quarter.
This brings the firm’s total number of shares to 31,097,454.
The value of the company is $891.564 million. Norges Bank invested approximately 152.180 million Norwegian kroner during the fourth quarter to acquire a new interest in Brookfield Asset Management. Goldman Sachs Group INC increased the percentage of ownership it held in Brookfield Asset Management by 166.2% over the first three months of 2018. Goldman Sachs Group INC now owns a total of 7,051,145 shares of the financial services provider’s stock, which has an estimated value of $398,883,000 after purchasing an additional 4,402,115 shares during the most recent quarter. Goldman Sachs Group, INC purchased these shares During the second quarter; FMR LLC was able to achieve a 23.4% increase in the percentage of ownership it holds in Brookfield Asset Management. FMR LLC now has 22,743,081 shares of the stock held by the financial services provider after acquiring an additional 4,315,285 shares during the most recent quarter.
This gives the company a total value of $1,011,608,000 in stock.
And finally, the Canada Pension Plan Investment Board increased the proportion of its holdings in Brookfield Asset Management, which is owned by 449.1% during the third quarter of this year.
The Canada Pension Plan Investment Board has 2,170,780 shares, with a market cap of $89,277,000, after purchasing an additional 1,775,480 shares during the most recent quarter.
The market cap of the company is $89,277,000.
Regarding managing alternative assets, Brookfield Asset Management Ltd is recognized as a front-runner among industry competitors.
It owns, operates, and develops assets in the wind, solar, and hydroelectric power, among other energy transition technologies, as part of its renewable power and energy transition business.
This includes a variety of energy transition technologies.
Assets connected to the corporation’s utilities, transportation, midstream, data, and sustainable resource development are included in the infrastructure business of the corporation.
In addition, it is responsible for the upkeep of these assets and the creation of new ones.