Brookfield Asset Management (NYSE:BAM) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a sell rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also issued reports on BAM. Scotia upped their price target on shares of Brookfield Asset Management from $57.00 to $59.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 6th. Bank of America dropped their target price on shares of Brookfield Asset Management from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Royal Bank Of Canada set a $65.00 target price on shares of Brookfield Asset Management and gave the company an “outperform” rating in a research note on Friday, September 18th. Piper Sandler set a $49.00 target price on shares of Brookfield Asset Management and gave the company a “neutral” rating in a research note on Monday, October 19th. Finally, Wells Fargo & Company started coverage on Brookfield Asset Management in a report on Friday, October 2nd. They set an “overweight” rating and a $41.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.91.

Brookfield Asset Management Price Performance

NYSE:BAM opened at $53.00 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.75 and a current ratio of 0.75. The stock’s 50-day simple moving average is $47.18 and its 200 day simple moving average is $47.86. The company has a market cap of $86.83 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.24 and a beta of 1.27. Brookfield Asset Management has a 52-week low of $42.20 and a 52-week high of $55.97.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Friday, November 6th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.60 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. As a group, sell-side analysts forecast that Brookfield Asset Management will post 1.77 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Monday, November 30th will be issued a dividend of $0.5025 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 68.84%.

Institutional Investors Weigh In On Brookfield Asset Management

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in Brookfield Asset Management by 3.1% during the third quarter. Signaturefd LLC now owns 8,330 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 253 shares during the period. Crescent Grove Advisors LLC boosted its holdings in shares of Brookfield Asset Management by 6.2% in the 1st quarter. Crescent Grove Advisors LLC now owns 5,100 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 300 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Brookfield Asset Management by 22.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,674 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 304 shares during the period. NewEdge Wealth LLC boosted its holdings in shares of Brookfield Asset Management by 6.4% in the 1st quarter. NewEdge Wealth LLC now owns 5,739 shares of the financial services provider’s stock worth $255,000 after purchasing an additional 344 shares during the period. Finally, MGO One Seven LLC increased its position in shares of Brookfield Asset Management by 7.9% during the 3rd quarter. MGO One Seven LLC now owns 5,096 shares of the financial services provider’s stock valued at $227,000 after purchasing an additional 371 shares during the last quarter. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management News Summary

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: BAM raised $25 billion in the third quarter and $123 billion year to date. Fee-related earnings and distributable earnings each increased 15% year over year, to $864 million and $763 million, respectively. Brookfield Asset Management Announces Strong Third Quarter Results
• Positive Sentiment: Quarterly earnings were $0.47 per share, roughly in line with or slightly above analyst expectations, while revenue of $2.15 billion exceeded the cited $1.60 billion consensus estimate. Quarterly earnings report
• Positive Sentiment: Fundraising momentum is being led by infrastructure, as investors seek real assets. The company is targeting more than $30 billion for its infrastructure flagship in early 2027; anticipated net carried interest of about $3 billion in 2029–2031 could provide a longer-term earnings tailwind. Brookfield infrastructure fundraising and carry outlook
• Neutral Sentiment: CEO Bruce Flatt said community support is important to expanding AI infrastructure. The opportunity could benefit the platform, though local acceptance may be a key factor in project development. CEO comments on community support and AI infrastructure

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.