TheStreet Upgrades Brookfield Asset Management (BAM) to B

TheStreet upgraded shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a c+ rating to a b rating in a report published on Wednesday.

Several other analysts also recently commented on BAM. Royal Bank of Canada raised their target price on shares of Brookfield Asset Management from $45.00 to $46.00 and gave the stock an outperform rating in a report on Friday, February 16th. TD Securities raised their target price on shares of Brookfield Asset Management from $52.00 to $54.00 and gave the stock a buy rating in a report on Friday, February 16th. Finally, Scotiabank set a $49.00 target price on shares of Brookfield Asset Management and gave the stock a buy rating in a report on Saturday, February 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Brookfield Asset Management has a consensus rating of Buy and an average price target of $48.42.

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Shares of BAM stock opened at $39.10 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 1.19. The company has a market cap of $37,898.78, a price-to-earnings ratio of 29.77 and a beta of 1.03. Brookfield Asset Management has a 52 week low of $36.07 and a 52 week high of $44.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Thursday, February 15th. The financial services provider reported $1.28 EPS for the quarter, topping the consensus estimate of $0.15 by $1.13. The firm had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $5.31 billion. Brookfield Asset Management had a net margin of 3.58% and a return on equity of 2.05%. The business’s quarterly revenue was up 88.4% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, February 28th were issued a $0.15 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%.

Several hedge funds and other institutional investors have recently bought and sold shares of BAM. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $103,000. First Personal Financial Services acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $107,000. Calton & Associates Inc. acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $118,000. Moors & Cabot Inc. acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $209,000. Finally, Palladium Partners LLC acquired a new stake in shares of Brookfield Asset Management in the fourth quarter valued at approximately $224,000. Institutional investors own 55.48% of the company’s stock.

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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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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