Brookfield Asset Management (NYSE:BAM) Stock Rating Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Brookfield Asset Management from “sell” to “hold.” Analyst sentiment overall is more positive, with a “Moderate Buy” consensus and an average price target of $56.91.
• Brookfield reported quarterly EPS of $0.47, slightly above the $0.46 consensus, and revenue of $2.15 billion versus the $1.60 billion estimate.
• The company raised $25 billion in the third quarter and $123 billion year to date; fee-related and distributable earnings both grew 15% year over year.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

BAM has been the topic of a number of other reports. UBS Group decreased their price target on Brookfield Asset Management from $55.00 to $49.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 13th. Piper Sandler set a $49.00 price target on Brookfield Asset Management and gave the stock a "neutral" rating in a research report on Monday, October 19th. National Bank Financial boosted their price target on shares of Brookfield Asset Management from $69.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. boosted their price target on Brookfield Asset Management from $55.00 to $58.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Weiss Ratings raised shares of Brookfield Asset Management from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.91.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at $53.00 on Friday. The company has a market capitalization of $86.82 billion, a PE ratio of 29.58, a PEG ratio of 2.17 and a beta of 1.27. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Brookfield Asset Management has a 12 month low of $42.20 and a 12 month high of $55.97. The stock's fifty day simple moving average is $47.18 and its 200 day simple moving average is $47.86.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its quarterly earnings data on Friday, November 6th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $1.60 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. On average, research analysts predict that Brookfield Asset Management will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Trust Co. of Vermont acquired a new stake in shares of Brookfield Asset Management during the 2nd quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in Brookfield Asset Management during the 3rd quarter worth about $26,000. Compass Financial Management LLC purchased a new stake in shares of Brookfield Asset Management during the 2nd quarter worth approximately $27,000. Allied Private Wealth LLC purchased a new stake in shares of Brookfield Asset Management in the 2nd quarter valued at $40,000. Finally, Root Financial Partners LLC purchased a new position in Brookfield Asset Management in the third quarter worth about $50,000. Hedge funds and other institutional investors own 68.41% of the company's stock.

Key Stories Impacting Brookfield Asset Management

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

• Positive Sentiment: BAM raised $25 billion in the third quarter and $123 billion year to date. Fee-related earnings and distributable earnings each increased 15% year over year, to $864 million and $763 million, respectively. Brookfield Asset Management Announces Strong Third Quarter Results
• Positive Sentiment: Quarterly earnings were $0.47 per share, roughly in line with or slightly above analyst expectations, while revenue of $2.15 billion exceeded the cited $1.60 billion consensus estimate. Quarterly earnings report
• Positive Sentiment: Fundraising momentum is being led by infrastructure, as investors seek real assets. The company is targeting more than $30 billion for its infrastructure flagship in early 2027; anticipated net carried interest of about $3 billion in 2029–2031 could provide a longer-term earnings tailwind. Brookfield infrastructure fundraising and carry outlook
• Neutral Sentiment: CEO Bruce Flatt said community support is important to expanding AI infrastructure. The opportunity could benefit the platform, though local acceptance may be a key factor in project development. CEO comments on community support and AI infrastructure

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation's asset management business.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.