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

Key Points

• Consensus "Moderate Buy": Eighteen analysts cover Brookfield with a consensus rating of Moderate Buy (2 sell, 7 hold, 7 buy, 2 strong buy) and an average 12‑month target of $63.65.
• Dividend increase: Brookfield raised its quarterly dividend to $0.5025 (annualized $2.01) for a ~4.7% yield; the ex‑dividend date is Feb 27 and the payout ratio is 132.24%.
• Mixed quarterly results and valuation: Q reported EPS of $0.47 vs $0.41 expected while revenue was $1.39B vs $1.40B est.; the stock trades around $42.90 (1‑year range $41.78–$64.10) with a market cap of ~$70.3B and a P/E of ~28.2.

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A has received an average rating of "Moderate Buy" from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $63.6471.

BAM has been the subject of several research reports. The Goldman Sachs Group reduced their price target on shares of Brookfield Asset Management from $67.00 to $60.00 and set a "buy" rating for the company in a research report on Tuesday, January 6th. Wall Street Zen upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Saturday, January 10th. JPMorgan Chase & Co. boosted their price target on Brookfield Asset Management from $68.00 to $72.00 and gave the stock a "neutral" rating in a report on Thursday, February 5th. Loop Capital set a $60.00 price target on shares of Brookfield Asset Management in a research note on Tuesday, January 6th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Brookfield Asset Management in a report on Monday, December 22nd.

Institutional Investors Weigh In On Brookfield Asset Management

Hedge funds and other institutional investors have recently modified their holdings of the business. PDS Planning Inc grew its stake in Brookfield Asset Management by 4.8% in the 3rd quarter. PDS Planning Inc now owns 4,054 shares of the financial services provider's stock worth $231,000 after acquiring an additional 184 shares in the last quarter. Truist Financial Corp lifted its position in shares of Brookfield Asset Management by 1.4% in the 3rd quarter. Truist Financial Corp now owns 13,240 shares of the financial services provider's stock worth $754,000 after purchasing an additional 187 shares during the period. Focus Financial Network Inc. raised its position in shares of Brookfield Asset Management by 4.6% in the 4th quarter. Focus Financial Network Inc. now owns 4,436 shares of the financial services provider's stock worth $232,000 after acquiring an additional 194 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in shares of Brookfield Asset Management by 4.3% during the 4th quarter. Crescent Grove Advisors LLC now owns 4,800 shares of the financial services provider's stock worth $251,000 after acquiring an additional 200 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its stake in Brookfield Asset Management by 3.6% during the 4th quarter. Kestra Advisory Services LLC now owns 6,301 shares of the financial services provider's stock worth $330,000 after buying an additional 218 shares during the last quarter. 68.41% of the stock is currently owned by hedge funds and other institutional investors.

Brookfield Asset Management Stock Down 0.6%

Shares of NYSE:BAM opened at $42.90 on Friday. The stock's 50-day moving average is $50.17 and its 200 day moving average is $53.38. The company has a market cap of $70.26 billion, a PE ratio of 28.22, a P/E/G ratio of 1.53 and a beta of 1.42. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.92 and a quick ratio of 0.92. Brookfield Asset Management has a 1 year low of $41.78 and a 1 year high of $64.10.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its earnings results on Wednesday, February 4th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. Brookfield Asset Management had a return on equity of 29.81% and a net margin of 51.59%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Sell-side analysts anticipate that Brookfield Asset Management will post 1.7 EPS for the current year.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, February 27th will be given a $0.5025 dividend. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.44. This represents a $2.01 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, February 27th. Brookfield Asset Management's dividend payout ratio is 132.24%.

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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