Brookfield Asset Management Ltd. (NYSE:BAM) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a neutral view on Brookfield Asset Management, with 15 brokers assigning a consensus “Hold” rating and an average 12-month price target of $59.50.
• Brookfield exceeded quarterly expectations, reporting $0.44 in EPS versus the $0.43 consensus and $1.49 billion in revenue versus $1.47 billion expected.
• The company declared a quarterly dividend of $0.5025 per share, equivalent to a 3.8% annualized yield, although its payout ratio is elevated at 116.86%.

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A has been assigned an average rating of "Hold" from the fifteen brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $59.50.

Several equities analysts have issued reports on BAM shares. Morgan Stanley set a $56.00 target price on shares of Brookfield Asset Management and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Piper Sandler reissued a "neutral" rating and set a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a report on Monday, May 18th. Scotia increased their price objective on shares of Brookfield Asset Management from $57.00 to $59.00 and gave the company a "sector outperform" rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered their price objective on shares of Brookfield Asset Management from $74.00 to $65.00 and set an "outperform" rating on the stock in a research report on Monday, May 11th. Finally, UBS Group raised their target price on shares of Brookfield Asset Management from $48.00 to $55.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th.

Brookfield Asset Management Stock Up 0.7%

BAM stock opened at $52.84 on Tuesday. Brookfield Asset Management has a 1-year low of $42.20 and a 1-year high of $63.37. The business has a fifty day moving average price of $47.42 and a 200-day moving average price of $47.61. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $86.56 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.10 and a beta of 1.26.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Brookfield Asset Management had a return on equity of 31.78% and a net margin of 48.89%.The company had revenue of $1.49 billion for the quarter, compared to analysts' expectations of $1.47 billion. Equities analysts forecast that Brookfield Asset Management will post 1.76 earnings per share for the current fiscal year.

Brookfield Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 31st. Brookfield Asset Management's dividend payout ratio is presently 116.86%.

Institutional Trading of Brookfield Asset Management

Several large investors have recently modified their holdings of BAM. Crescent Grove Advisors LLC raised its holdings in Brookfield Asset Management by 4.3% during the fourth quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider's stock valued at $251,000 after acquiring an additional 200 shares during the period. Kestra Advisory Services LLC lifted its position in shares of Brookfield Asset Management by 3.6% in the fourth quarter. Kestra Advisory Services LLC now owns 6,301 shares of the financial services provider's stock valued at $330,000 after acquiring an additional 218 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Brookfield Asset Management by 1.3% in the fourth quarter. Foundations Investment Advisors LLC now owns 17,165 shares of the financial services provider's stock worth $899,000 after acquiring an additional 226 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Brookfield Asset Management by 3.2% in the third quarter. Integrated Wealth Concepts LLC now owns 7,578 shares of the financial services provider's stock worth $431,000 after acquiring an additional 238 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of Brookfield Asset Management by 29.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,096 shares of the financial services provider's stock worth $57,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 68.41% of the company's stock.

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.

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