Brookfield Asset Management (BAM) Sets New 1-Year High at $47.66

Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) shares reached a new 52-week high during trading on Monday . The stock traded as high as $47.66 and last traded at $47.72, with a volume of 136217 shares. The stock had previously closed at $47.42.

Several research analysts have recently commented on the company. BMO Capital Markets reiterated a “buy” rating on shares of Brookfield Asset Management in a report on Friday, April 5th. Credit Suisse Group set a $50.00 price objective on Brookfield Asset Management and gave the stock a “buy” rating in a report on Sunday, December 30th. Royal Bank of Canada lifted their price objective on Brookfield Asset Management from $47.00 to $48.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. Finally, TD Securities lifted their price objective on Brookfield Asset Management from $57.00 to $62.00 and gave the stock a “buy” rating in a report on Friday, February 15th. Six equities research analysts have rated the stock with a buy rating, Brookfield Asset Management currently has a consensus rating of “Buy” and a consensus price target of $52.75.

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.30 and a quick ratio of 1.08. The company has a market capitalization of $45.33 billion, a PE ratio of 13.70 and a beta of 1.18.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, February 14th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $1.72. The company had revenue of $16.01 billion for the quarter. Brookfield Asset Management had a return on equity of 4.36% and a net margin of 6.31%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC boosted its position in Brookfield Asset Management by 116.0% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 838 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 450 shares in the last quarter. Csenge Advisory Group bought a new stake in Brookfield Asset Management during the 3rd quarter valued at approximately $62,000. Contravisory Investment Management Inc. boosted its position in Brookfield Asset Management by 213.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 1,411 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 961 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its position in Brookfield Asset Management by 62.5% during the 4th quarter. SeaBridge Investment Advisors LLC now owns 1,950 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 750 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. bought a new stake in Brookfield Asset Management during the 4th quarter valued at approximately $88,000. 62.22% of the stock is currently owned by institutional investors.

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Brookfield Asset Management Company Profile (NYSE:BAM)

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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