Shares of Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $47.00.

A number of research firms have weighed in on BAM. TheStreet downgraded shares of Brookfield Asset Management from a “b-” rating to a “c+” rating in a research note on Thursday, January 25th. Citigroup decreased their price target on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research note on Friday, November 10th. Scotiabank lifted their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Finally, Royal Bank of Canada lifted their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.

Several large investors have recently modified their holdings of BAM. Ameriprise Financial Inc. boosted its stake in shares of Brookfield Asset Management by 14.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 25,429 shares of the financial services provider’s stock valued at $1,000,000 after purchasing an additional 3,231 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Brookfield Asset Management by 5.3% in the 2nd quarter. Northern Trust Corp now owns 880,991 shares of the financial services provider’s stock valued at $34,544,000 after purchasing an additional 44,711 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Brookfield Asset Management by 12.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 211,019 shares of the financial services provider’s stock valued at $8,274,000 after purchasing an additional 22,537 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Brookfield Asset Management by 184.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 45,323 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 29,399 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Brookfield Asset Management by 11.1% in the 2nd quarter. Voya Investment Management LLC now owns 10,274 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 1,028 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.

Shares of Brookfield Asset Management (NYSE BAM) opened at $38.82 on Tuesday. Brookfield Asset Management has a 52 week low of $35.30 and a 52 week high of $44.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. The firm has a market cap of $37,041.51, a price-to-earnings ratio of 86.27 and a beta of 0.98.

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Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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