Brookfield Asset Management (BAM) Receives Media Impact Score of 0.19
News stories about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Asset Management earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6287737375491 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Brookfield Asset Management, Inc. :BAM-US: Earnings Analysis: Q2, 2017 By the Numbers : September 21, 2017 (finance.yahoo.com)
- Brookfield Asset Management, Inc. : BAM-US: Dividend Analysis : August 31st, 2017 (record date) : By the numbers : September 22, 2017 (finance.yahoo.com)
- ETFs with exposure to Brookfield Asset Management, Inc. : September 22, 2017 (finance.yahoo.com)
- Brookfield Asset Management (BAM) and Bank Of New York Mellon Corporation (The) (BK) Financial Survey (americanbankingnews.com)
- Brookfield CEO Flatt on Challenges and Opportunities (finance.yahoo.com)
BAM has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “buy” rating and set a $42.00 price objective on shares of Brookfield Asset Management in a report on Thursday, July 27th. Citigroup Inc. lifted their price objective on Brookfield Asset Management from $45.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, August 15th. ValuEngine cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Canaccord Genuity reissued a “buy” rating and set a $42.00 price objective on shares of Brookfield Asset Management in a report on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Brookfield Asset Management currently has an average rating of “Buy” and a consensus target price of $43.56.
Brookfield Asset Management (NYSE:BAM) opened at 40.47 on Tuesday. Brookfield Asset Management has a 12-month low of $32.04 and a 12-month high of $40.93. The company has a 50 day moving average price of $39.10 and a 200-day moving average price of $38.06. The company has a market capitalization of $38.80 billion, a PE ratio of 31.40 and a beta of 1.03.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.28). Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the prior year, the company earned $0.15 earnings per share. Brookfield Asset Management’s quarterly revenue was up 58.1% compared to the same quarter last year. On average, analysts anticipate that Brookfield Asset Management will post $1.18 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. Brookfield Asset Management’s dividend payout ratio is currently 43.75%.
About Brookfield Asset Management
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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