Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price target upped by TD Securities from $52.00 to $54.00 in a research note released on Friday. The firm currently has a buy rating on the financial services provider’s stock.
A number of other analysts have also recently issued reports on the company. TheStreet cut Brookfield Asset Management from a b- rating to a c+ rating in a report on Thursday, January 25th. Royal Bank of Canada increased their price objective on Brookfield Asset Management from $45.00 to $46.00 and gave the stock an outperform rating in a report on Friday. Citigroup dropped their price objective on Brookfield Asset Management from $50.00 to $49.50 and set a buy rating on the stock in a report on Friday, November 10th. Finally, Scotiabank increased their price objective on Brookfield Asset Management from $44.75 to $45.50 and gave the stock an outperform rating in a report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $48.42.
Brookfield Asset Management (NYSE BAM) opened at $40.28 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.94 and a current ratio of 1.19. The firm has a market capitalization of $39,890.00, a price-to-earnings ratio of 31.72 and a beta of 0.99. Brookfield Asset Management has a 12 month low of $35.30 and a 12 month high of $44.33.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. Brookfield Asset Management’s dividend payout ratio (DPR) is 44.09%.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Personal Financial Services purchased a new stake in shares of Brookfield Asset Management in the 4th quarter valued at about $107,000. QS Investors LLC raised its holdings in shares of Brookfield Asset Management by 69.8% in the 2nd quarter. QS Investors LLC now owns 2,798 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 1,150 shares in the last quarter. Calton & Associates Inc. purchased a new stake in shares of Brookfield Asset Management in the 4th quarter valued at about $118,000. Veritas Investment Management UK Ltd purchased a new stake in shares of Brookfield Asset Management in the 3rd quarter valued at about $149,000. Finally, Cortland Associates Inc. MO purchased a new stake in shares of Brookfield Asset Management in the 3rd quarter valued at about $209,000. 54.55% of the stock is currently owned by institutional investors and hedge funds.
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Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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