Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price target upped by TD Securities from $56.00 to $57.00 in a research report report published on Friday morning. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on BAM. Scotiabank reiterated a buy rating and set a $50.50 target price on shares of Brookfield Asset Management in a research note on Tuesday, August 7th. Royal Bank of Canada lifted their target price on Brookfield Asset Management from $46.00 to $47.00 and gave the stock an outperform rating in a research note on Friday, August 10th. BMO Capital Markets started coverage on Brookfield Asset Management in a research note on Thursday, September 20th. They set an outperform rating and a $54.00 target price on the stock. Finally, Credit Suisse Group upgraded Brookfield Asset Management from a neutral rating to an outperform rating and lifted their target price for the stock from $44.00 to $50.00 in a research note on Friday. Six investment analysts have rated the stock with a buy rating, The company presently has an average rating of Buy and an average target price of $51.75.

Shares of NYSE BAM traded up $1.89 during mid-day trading on Friday, reaching $43.29. 1,906,292 shares of the company’s stock were exchanged, compared to its average volume of 1,040,812. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 15.58 and a beta of 1.03. Brookfield Asset Management has a 52 week low of $37.22 and a 52 week high of $45.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.01.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its earnings results on Thursday, November 8th. The financial services provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.21). The business had revenue of $14.86 billion for the quarter. Brookfield Asset Management had a return on equity of 3.74% and a net margin of 5.49%. Brookfield Asset Management’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its holdings in Brookfield Asset Management by 121.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,555 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 1,402 shares during the last quarter. Squar Milner Financial Services LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter worth about $175,000. NEXT Financial Group Inc purchased a new stake in Brookfield Asset Management in the 3rd quarter worth about $204,000. FineMark National Bank & Trust purchased a new stake in Brookfield Asset Management in the 2nd quarter worth about $200,000. Finally, Timber Hill LLC purchased a new stake in Brookfield Asset Management in the 2nd quarter worth about $201,000. 60.40% of the stock is owned by institutional investors.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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