Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Brookfield Asset Management (BAM) Share Price

News headlines about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) have been trending somewhat positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookfield Asset Management earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 47.6486500354099 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s rankings:

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Shares of BAM stock traded down $0.43 during mid-day trading on Thursday, hitting $38.80. 980,483 shares of the stock traded hands, compared to its average volume of 1,291,078. The firm has a market cap of $37,420.26, a price-to-earnings ratio of 29.40 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. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.94 and a current ratio of 1.19.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, February 27th.

Several research analysts have issued reports on the stock. TheStreet cut shares of Brookfield Asset Management from a “b-” rating to a “c+” rating in a report on Thursday, January 25th. Royal Bank of Canada increased 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 increased 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 Tuesday, March 27th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $48.42.

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Brookfield Asset Management Company Profile

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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