Brookfield Asset Management (TSE:BAM) Posts Quarterly Earnings Results

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) released its quarterly earnings data on Friday. The company reported C$0.53 EPS for the quarter, FiscalAI reports. Brookfield Asset Management had a net margin of 52.82% and a return on equity of 28.97%. The business had revenue of C$1.98 billion for the quarter.

Brookfield Asset Management Trading Up 2.0%

TSE:BAM opened at C$68.01 on Friday. The firm has a market cap of C$111.41 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. The company’s 50-day moving average is C$62.99 and its two-hundred day moving average is C$69.20. Brookfield Asset Management has a 12-month low of C$58.09 and a 12-month high of C$88.12.

Brookfield Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were given a $0.5025 dividend. The ex-dividend date was Friday, February 27th. This represents a $2.01 annualized dividend and a dividend yield of 3.0%. Brookfield Asset Management’s payout ratio is currently 113.64%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BAM. TD Securities decreased their price objective on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. 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. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$75.00.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.