Brookfield Asset Management (BAM) to Release Quarterly Earnings on Thursday

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) will post its quarterly earnings results before the market opens on Thursday, August 11th. Analysts expect Brookfield Asset Management to post earnings of $0.76 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Brookfield Asset Management (NYSE:BAMGet Rating) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, May 12th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.11. Brookfield Asset Management had a return on equity of 3.25% and a net margin of 5.04%. The business had revenue of $21.88 billion for the quarter, compared to analysts’ expectations of $18.35 billion. During the same period last year, the business earned $1.80 EPS. On average, analysts expect Brookfield Asset Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Brookfield Asset Management Price Performance

Shares of NYSE:BAM opened at $49.73 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The stock’s fifty day simple moving average is $46.82 and its two-hundred day simple moving average is $51.14. Brookfield Asset Management has a 1-year low of $42.21 and a 1-year high of $62.47. The stock has a market cap of $81.64 billion, a PE ratio of 20.47 and a beta of 1.32.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, May 27th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 23.05%.

Wall Street Analyst Weigh In

BAM has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price objective on Brookfield Asset Management from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Friday, May 20th. StockNews.com upgraded Brookfield Asset Management from a “sell” rating to a “hold” rating in a research note on Tuesday. Credit Suisse Group decreased their target price on Brookfield Asset Management from $71.50 to $62.50 and set a “maintains” rating for the company in a research report on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Brookfield Asset Management from $57.00 to $52.00 in a research report on Wednesday, July 13th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Brookfield Asset Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.75.

Insider Buying and Selling at Brookfield Asset Management

In other news, major shareholder Oaktree Capital Management Lp sold 163,915 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $11.35, for a total transaction of $1,860,435.25. Following the transaction, the insider now directly owns 12,727,802 shares of the company’s stock, valued at $144,460,552.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Brookfield Asset Management news, insider Brookfield Asset Management In sold 377,803 shares of the business’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $25.21, for a total value of $9,524,413.63. Following the sale, the insider now directly owns 16,014,977 shares of the company’s stock, valued at $403,737,570.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Lp sold 163,915 shares of the business’s stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $11.35, for a total value of $1,860,435.25. Following the completion of the sale, the insider now directly owns 12,727,802 shares in the company, valued at $144,460,552.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,244,984 shares of company stock worth $75,029,176.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Eqis Capital Management Inc. purchased a new stake in Brookfield Asset Management in the first quarter worth about $257,000. Eudaimonia Partners LLC purchased a new stake in shares of Brookfield Asset Management during the first quarter worth about $282,000. Global Wealth Management Investment Advisory Inc. grew its holdings in Brookfield Asset Management by 16.2% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 5,199 shares of the financial services provider’s stock valued at $294,000 after buying an additional 726 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Brookfield Asset Management by 13.1% during the 1st quarter. Brown Brothers Harriman & Co. now owns 5,806 shares of the financial services provider’s stock valued at $328,000 after buying an additional 674 shares in the last quarter. Finally, PDT Partners LLC purchased a new position in Brookfield Asset Management during the 1st quarter valued at approximately $336,000. 60.24% of the stock is owned by institutional investors.

Brookfield Asset Management Company Profile

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Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients.

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Earnings History for Brookfield Asset Management (NYSE:BAM)

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