Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been assigned an average recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $51.75.

Several research firms have weighed in on BAM. Royal Bank of Canada upped their price objective on shares of Brookfield Asset Management from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, August 10th. Citigroup began coverage on shares of Brookfield Asset Management in a report on Tuesday, November 13th. They set a “buy” rating and a $49.50 price objective on the stock. TD Securities upped their price objective on shares of Brookfield Asset Management from $56.00 to $57.00 and gave the stock a “buy” rating in a report on Friday, November 9th. Credit Suisse Group upgraded shares of Brookfield Asset Management from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $44.00 to $50.00 in a report on Friday, November 9th. Finally, BMO Capital Markets began coverage on shares of Brookfield Asset Management in a report on Thursday, September 20th. They set an “outperform” rating and a $54.00 price objective on the stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAM. Caisse DE Depot ET Placement DU Quebec raised its holdings in Brookfield Asset Management by 149.1% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 6,000,000 shares of the financial services provider’s stock worth $243,248,000 after buying an additional 3,591,058 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Brookfield Asset Management by 49.6% in the 2nd quarter. Toronto Dominion Bank now owns 10,739,583 shares of the financial services provider’s stock worth $434,794,000 after acquiring an additional 3,559,779 shares in the last quarter. William Blair Investment Management LLC grew its stake in shares of Brookfield Asset Management by 72.5% in the 3rd quarter. William Blair Investment Management LLC now owns 5,417,460 shares of the financial services provider’s stock worth $241,239,000 after acquiring an additional 2,276,304 shares in the last quarter. CI Investments Inc. grew its stake in shares of Brookfield Asset Management by 36.1% in the 3rd quarter. CI Investments Inc. now owns 7,818,294 shares of the financial services provider’s stock worth $348,149,000 after acquiring an additional 2,073,678 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Brookfield Asset Management by 182.7% in the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,974,800 shares of the financial services provider’s stock worth $158,646,000 after acquiring an additional 1,922,500 shares in the last quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Shares of Brookfield Asset Management stock traded up $0.23 during trading on Friday, reaching $44.10. 48,914 shares of the company traded hands, compared to its average volume of 1,136,427. The company has a quick ratio of 1.02, a current ratio of 1.26 and a debt-to-equity ratio of 1.19. Brookfield Asset Management has a 1-year low of $37.22 and a 1-year high of $45.04. The company has a market capitalization of $43.58 billion, a PE ratio of 16.94 and a beta of 1.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, November 8th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.21). Brookfield Asset Management had a net margin of 5.10% and a return on equity of 3.52%. The company had revenue of $14.86 billion for the quarter. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, November 30th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.60 annualized dividend and a yield of 1.36%.

About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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