Brookfield Asset Management Ltd. (NYSE:BAM) Given Average Rating of “Hold” by Analysts

Shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $56.42.

BAM has been the topic of a number of recent research reports. TD Securities boosted their target price on Brookfield Asset Management from $61.00 to $64.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Brookfield Asset Management from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Monday, November 11th. CIBC boosted their target price on shares of Brookfield Asset Management from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. The Goldman Sachs Group upped their target price on Brookfield Asset Management from $57.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, UBS Group started coverage on Brookfield Asset Management in a report on Monday, December 16th. They issued a “buy” rating on the stock.

Institutional Trading of Brookfield Asset Management

Several institutional investors and hedge funds have recently bought and sold shares of BAM. Hara Capital LLC bought a new position in shares of Brookfield Asset Management in the 3rd quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Brookfield Asset Management during the third quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in Brookfield Asset Management by 1,606.3% during the fourth quarter. Versant Capital Management Inc now owns 819 shares of the financial services provider’s stock valued at $44,000 after buying an additional 771 shares in the last quarter. Continuum Advisory LLC lifted its stake in Brookfield Asset Management by 42.2% during the third quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 329 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Brookfield Asset Management by 35.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,227 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 68.41% of the company’s stock.

Brookfield Asset Management Price Performance

NYSE:BAM opened at $57.85 on Friday. The business’s fifty day moving average price is $56.45 and its 200 day moving average price is $50.37. The firm has a market capitalization of $25.64 billion, a PE ratio of 51.20, a price-to-earnings-growth ratio of 2.26 and a beta of 1.46. Brookfield Asset Management has a 12 month low of $37.29 and a 12 month high of $62.61.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its earnings results on Monday, November 4th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the firm earned $0.35 EPS. As a group, equities analysts anticipate that Brookfield Asset Management will post 1.45 EPS for the current year.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.