Brookfield Asset Management (NYSE:BAM) Price Target Raised to $55.00

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its target price upped by UBS Group from $48.00 to $55.00 in a research report released on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Several other research firms have also issued reports on BAM. Scotia increased 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. Piper Sandler restated a “neutral” rating and set a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a research report on Monday, May 18th. Morgan Stanley set a $56.00 target price on Brookfield Asset Management and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce set a $62.50 target price on Brookfield Asset Management in a report on Monday, May 11th. Finally, Weiss Ratings lowered Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.50.

Brookfield Asset Management Stock Down 1.2%

Shares of NYSE BAM opened at $52.51 on Thursday. The stock has a market capitalization of $86.03 billion, a P/E ratio of 30.53, a PEG ratio of 2.14 and a beta of 1.26. The stock’s fifty day moving average is $47.32 and its 200 day moving average is $47.63. Brookfield Asset Management has a 52 week low of $42.20 and a 52 week high of $63.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.38 and a current ratio of 1.38.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.78%. Sell-side analysts forecast that Brookfield Asset Management will post 1.76 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Asset Management’s payout ratio is presently 116.86%.

Institutional Trading of Brookfield Asset Management

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Brookfield Asset Management by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 17,723,182 shares of the financial services provider’s stock worth $928,414,000 after purchasing an additional 297,790 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Brookfield Asset Management by 2.0% in the fourth quarter. TD Asset Management Inc now owns 15,769,066 shares of the financial services provider’s stock valued at $827,135,000 after buying an additional 315,036 shares during the period. Principal Financial Group Inc. raised its holdings in Brookfield Asset Management by 62.0% in the 1st quarter. Principal Financial Group Inc. now owns 12,735,547 shares of the financial services provider’s stock valued at $566,092,000 after buying an additional 4,872,090 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Brookfield Asset Management by 15.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 5,319,506 shares of the financial services provider’s stock valued at $236,308,000 after buying an additional 716,892 shares during the last quarter. Finally, Norges Bank acquired a new stake in Brookfield Asset Management during the 4th quarter worth approximately $263,444,000. 68.41% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Brookfield Asset Management

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

• Positive Sentiment: Record Q2 results and AI infrastructure growth: Brookfield reported quarterly earnings of $0.44 per share, slightly ahead of the $0.43 consensus, while revenue of $1.75 billion exceeded estimates of $1.47 billion. Investor attention is also focused on the company’s push into AI-related infrastructure, which could support long-term fee growth. Why Brookfield Asset Management Is Up After Record Q2 Results and AI Infrastructure Push
• Positive Sentiment: Analysts raised several price targets: National Bank Financial increased its target to $70 from $69 and maintained an outperform rating; Scotia raised its target to $59 from $57 and kept a sector-outperform rating. National Bank Financial Raises Brookfield Asset Management Price Target Scotia Raises Brookfield Asset Management Price Target
• Positive Sentiment: Dividend payment remains supportive: BAM declared a quarterly dividend of $0.5025 per share, payable September 29 to shareholders of record August 31. The indicated annual yield is approximately 3.8%.
• Neutral Sentiment: Mixed analyst positioning: RBC maintained its buy rating, while Deutsche Bank reiterated a hold. UBS raised its target to $55 from $48 but retained a neutral rating, suggesting limited near-term conviction. Deutsche Bank Hold Rating RBC Maintains Buy Rating
• Neutral Sentiment: Valuation comparisons are mixed: A Zacks analysis compares BAM with Inter & Co. as investors assess which financial-services stock offers better value. BAM’s elevated valuation means continued earnings and AI-infrastructure execution may be needed to justify further gains. INTR Versus BAM Value Comparison

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.