Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) has received a “Moderate Buy” recommendation from nine research firms, according to Bloomberg.com. Out of these firms, one analyst has given a sell rating, two have provided a hold rating, five have issued a buy rating, and one has given the company a strong buy rating. The average 1-year price objective among brokers who have reported on the stock in the past year is $39.00.
On Friday, Brookfield Asset Management stock opened at $34.54. Over the past year, its lowest price was $26.76 and its highest was $36.50. Currently, the stock has a fifty-day moving average price of $33.17 and a 200-day moving average price of $32.70.
Investment activity in Brookfield Asset Management by institutional investors and hedge funds has seen recent changes. Vanguard Group Inc., for example, increased its stake in shares of Brookfield Asset Management by 2.8% during the first quarter and now owns 44,050,716 shares valued at $2,491,950,000 after acquiring an additional 1,220,298 shares during that period. Moneta Group Investment Advisors LLC also grew its stake in Brookfield Asset Management significantly during the fourth quarter by acquiring an additional 30,996,329 shares valued at $891,564,000.
During the second quarter of this year alone, Capital International Investors added 7,329,168 shares to their position in Brookfield Asset Management – an increase of 39.8%. Current estimates show that Capital International Investors now owns approximately 25 million shares worth about $839 million as of September 1st.
Capital World Investors also increased their stake in Brookfield Asset Management by about 16.8% during the second quarter by purchasing an additional 2,625,505 shares. They now hold 18,250,067 shares valued at $595,517,000. Moreover, Bank of Montreal Can recently acquired a new stake worth about $391 million in the company.
Brookfield Asset Management last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported EPS (Earnings per Share) of $0.32 for the quarter, which matched the consensus estimate of $0.32. Its revenue for the same quarter was $985 million.
Based on research analysts’ predictions, it is anticipated that Brookfield Asset Management will post an EPS of 1.32 for the current fiscal year.
In conclusion, analysts have given Brookfield Asset Management a “Moderate Buy” rating with an average 1-year price target of $39.00. The stock has seen fluctuations in its price over the past year and is currently trading at $34.54. Several institutional investors and hedge funds have shown interest in investing in the company as well. With these factors taken into consideration, it will be interesting to observe how the company performs in the coming months and if it meets analysts’ expectations for its EPS this fiscal year.
Brookfield Asset Management Inc.
BAM
Strong Buy
Updated on: 03/12/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Brookfield Asset Management Gains Analyst Attention and Positive Ratings, Offers Strong Dividend
Brookfield Asset Management, a renowned global alternative asset management company, has recently caught the attention of equities analysts. Several reports have been issued discussing the company’s performance and future prospects. These reports shed light on the potential growth of the company and provide valuable insights for investors.
One notable report came from BMO Capital Markets, where analysts increased their price objective on Brookfield Asset Management from $33.00 to $34.00. They also gave the company a “market perform” rating, indicating that they expect it to perform in line with the overall market. This suggests that the company is seen as a stable investment option.
Deutsche Bank Aktiengesellschaft also shared positive sentiments towards Brookfield Asset Management, boosting their target price from $34.00 to $35.00 in their research note. This shows confidence in the company’s ability to continue delivering strong returns to its shareholders.
Another major endorsement came from TD Securities, which raised its target price on Brookfield Asset Management from $47.00 to $48.00 and labeled it an “action list buy”. This signifies that TD Securities views this stock as one of its top investment recommendations. This further adds to the credibility of the company’s growth potential.
Scotiabank, a leading Canadian financial institution, initiated coverage on Brookfield Asset Management and issued an “outperform” rating for the company’s shares. The initiation of coverage by Scotiabank highlights their positive outlook for Brookfield Asset Management, indicating that they believe it will outperform other players in the market.
Finally, StockNews.com continued this trend by initiating coverage on shares of Brookfield Asset Management and giving it a “hold” rating. While not as optimistic as other reports, this rating still indicates cautious optimism about investing in the company.
In addition to these reports, Brookfield Asset Management has also announced its quarterly dividend schedule. On September 29th, shareholders of record on August 31st will be eligible to receive a $0.32 dividend per share. With an annualized dividend of $1.28 and a respectable yield of 3.71%, the company offers attractive returns to its investors.
Overall, the recent reports and dividend announcement suggest that Brookfield Asset Management is gaining attention from equities analysts and attracting potential investors. The positive ratings and increased target prices indicate confidence in the company’s ability to deliver steady growth in the future. Investors would be wise to consider these factors when making their investment decisions.
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