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

Shares of Brookfield Asset Management Ltd. (NYSE:BAM) (TSE:BAM.A) have been given a consensus rating of “Hold” by the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $63.9412.

BAM has been the topic of a number of research analyst reports. Royal Bank Of Canada set a $74.00 target price on Brookfield Asset Management and gave the stock an “outperform” rating in a research report on Monday, December 15th. Scotiabank set a $64.00 price target on Brookfield Asset Management and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Loop Capital set a $60.00 price objective on Brookfield Asset Management in a research note on Tuesday, January 6th. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Finally, UBS Group set a $58.00 target price on shares of Brookfield Asset Management and gave the company a “neutral” rating in a report on Tuesday, January 13th.

Institutional Trading of Brookfield Asset Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TritonPoint Partners LLC purchased a new position in shares of Brookfield Asset Management in the 4th quarter valued at approximately $393,000. MML Investors Services LLC lifted its holdings in shares of Brookfield Asset Management by 10.3% during the fourth quarter. MML Investors Services LLC now owns 22,071 shares of the financial services provider’s stock worth $1,156,000 after purchasing an additional 2,068 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in Brookfield Asset Management by 300.0% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 800,000 shares of the financial services provider’s stock valued at $41,912,000 after buying an additional 600,000 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in Brookfield Asset Management in the 4th quarter valued at $986,000. Finally, Entropy Technologies LP raised its position in Brookfield Asset Management by 34.7% during the 4th quarter. Entropy Technologies LP now owns 61,124 shares of the financial services provider’s stock worth $3,202,000 after buying an additional 15,744 shares during the last quarter. 68.41% of the stock is owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Up 1.3%

BAM stock opened at $52.64 on Tuesday. The stock has a market cap of $86.21 billion, a P/E ratio of 34.63, a PEG ratio of 1.94 and a beta of 1.40. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.05. Brookfield Asset Management has a twelve month low of $41.78 and a twelve month high of $64.10. The company’s 50 day moving average is $52.36 and its two-hundred day moving average is $55.10.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Wednesday, February 4th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.06. Brookfield Asset Management had a net margin of 51.59% and a return on equity of 29.67%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Research analysts expect that Brookfield Asset Management will post 1.7 earnings per share for the current fiscal year.

Brookfield Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, February 27th will be paid a $0.5025 dividend. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.44. This represents a $2.01 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 115.13%.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.