Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been assigned a consensus rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.00.

Several research firms have issued reports on BAM. TD Securities boosted their price objective on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada boosted their price objective on shares of Brookfield Asset Management from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Citigroup lowered their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating for the company in a research report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 price target on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Finally, BidaskClub cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

Brookfield Asset Management (BAM) traded down $0.34 during trading on Thursday, reaching $41.37. 1,231,400 shares of the company’s stock traded hands, compared to its average volume of 871,275. The stock has a market cap of $40,015.57, a PE ratio of 92.69 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. Brookfield Asset Management has a 12 month low of $32.41 and a 12 month high of $43.15.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.14. Brookfield Asset Management’s dividend payout ratio is presently 124.45%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. QS Investors LLC raised its stake in shares of Brookfield Asset Management by 69.8% during the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,150 shares in the last quarter. Veritas Investment Management UK Ltd bought a new position in shares of Brookfield Asset Management during the 3rd quarter worth approximately $149,000. Atlantic Trust LLC bought a new position in shares of Brookfield Asset Management during the 2nd quarter worth approximately $191,000. Bronfman E.L. Rothschild L.P. raised its stake in shares of Brookfield Asset Management by 112.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,176 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 2,738 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of Brookfield Asset Management during the 2nd quarter worth approximately $203,000. 54.61% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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