Brookfield Asset Management (NYSE:BAM) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a sell rating to a hold rating in a research report sent to investors on Saturday.

BAM has been the subject of several other research reports. UBS Group upped their target price on Brookfield Asset Management from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday. Morgan Stanley set a $56.00 price target on shares of Brookfield Asset Management and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Piper Sandler restated a “neutral” rating and issued a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. National Bank Financial upped their price objective on shares of Brookfield Asset Management from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Scotia increased their target price on shares of Brookfield Asset Management from $57.00 to $59.00 and gave the company a “sector outperform” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Hold” and a consensus price target of $59.50.

Brookfield Asset Management Trading Down 1.2%

Shares of BAM stock opened at $52.51 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $47.32 and a two-hundred day moving average price of $47.63. Brookfield Asset Management has a 12-month low of $42.20 and a 12-month high of $63.37. The firm has a market cap of $86.03 billion, a P/E ratio of 30.53, a price-to-earnings-growth ratio of 2.14 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The firm had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brookfield Asset Management had a return on equity of 31.78% and a net margin of 48.89%. Equities analysts anticipate that Brookfield Asset Management will post 1.76 EPS for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.5025 dividend. This represents a $2.01 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Asset Management’s payout ratio is 116.86%.

Institutional Trading of Brookfield Asset Management

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in Brookfield Asset Management during the 1st quarter valued at $235,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Brookfield Asset Management by 10.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,050 shares of the financial services provider’s stock worth $12,648,000 after acquiring an additional 24,013 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Brookfield Asset Management by 24.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,512 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 497 shares during the last quarter. Cerity Partners LLC increased its position in shares of Brookfield Asset Management by 17.6% in the second quarter. Cerity Partners LLC now owns 34,666 shares of the financial services provider’s stock valued at $1,916,000 after acquiring an additional 5,184 shares during the period. Finally, State Street Corp increased its position in shares of Brookfield Asset Management by 11,172.2% in the second quarter. State Street Corp now owns 3,524,700 shares of the financial services provider’s stock valued at $194,845,000 after acquiring an additional 3,493,431 shares during the period. Hedge funds and other institutional investors own 68.41% of the company’s stock.

Brookfield Asset Management News Roundup

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: Record Q2 results and AI infrastructure growth: Brookfield reported quarterly earnings of $0.44 per share, slightly ahead of the $0.43 consensus, while revenue of $1.75 billion exceeded estimates of $1.47 billion. Investor attention is also focused on the company’s push into AI-related infrastructure, which could support long-term fee growth. Why Brookfield Asset Management Is Up After Record Q2 Results and AI Infrastructure Push
• Positive Sentiment: Analysts raised several price targets: National Bank Financial increased its target to $70 from $69 and maintained an outperform rating; Scotia raised its target to $59 from $57 and kept a sector-outperform rating. National Bank Financial Raises Brookfield Asset Management Price Target Scotia Raises Brookfield Asset Management Price Target
• Positive Sentiment: Dividend payment remains supportive: BAM declared a quarterly dividend of $0.5025 per share, payable September 29 to shareholders of record August 31. The indicated annual yield is approximately 3.8%.
• Neutral Sentiment: Mixed analyst positioning: RBC maintained its buy rating, while Deutsche Bank reiterated a hold. UBS raised its target to $55 from $48 but retained a neutral rating, suggesting limited near-term conviction. Deutsche Bank Hold Rating RBC Maintains Buy Rating
• Neutral Sentiment: Valuation comparisons are mixed: A Zacks analysis compares BAM with Inter & Co. as investors assess which financial-services stock offers better value. BAM’s elevated valuation means continued earnings and AI-infrastructure execution may be needed to justify further gains. INTR Versus BAM Value Comparison

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.