Brookfield Asset Management (NYSE:BAM) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Brookfield Asset Management from “sell” to “hold,” while broader analyst sentiment remains “hold,” with eight hold ratings and an average price target of $59.50.
• BAM shares opened at $52.51, below the consensus target, and have traded between $42.20 and $63.37 over the past year. The company recently modestly beat quarterly earnings expectations, reporting $0.44 in EPS versus the $0.43 consensus.
• Institutional investors own 68.41% of the stock, with Vanguard, Cooke & Bieler, Principal Financial Group and others recently increasing their positions.

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

A number of other research analysts have also issued reports on BAM. JPMorgan Chase & Co. lowered their target price on shares of Brookfield Asset Management from $72.00 to $60.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 6th. Piper Sandler reissued a "neutral" rating and set a $50.00 target price (up from $48.00) on shares of Brookfield Asset Management in a research report on Monday, May 18th. UBS Group upped their price target on shares of Brookfield Asset Management from $48.00 to $55.00 and gave the company a "neutral" rating in a report on Thursday. Canadian Imperial Bank of Commerce set a $62.50 price target on shares of Brookfield Asset Management in a report on Monday, May 11th. Finally, Scotiabank reaffirmed an "outperform" rating and issued a $59.00 price target on shares of Brookfield Asset Management in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.50.

Brookfield Asset Management Stock Down 1.2%

Shares of Brookfield Asset Management stock opened at $52.51 on Friday. Brookfield Asset Management has a 12-month low of $42.20 and a 12-month high of $63.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $47.32 and a two-hundred day moving average price of $47.63. The stock has a market capitalization of $86.03 billion, a P/E ratio of 30.53, a PEG ratio of 2.16 and a beta of 1.26.

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

Hedge Funds Weigh In On Brookfield Asset Management

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Brookfield Asset Management by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 17,723,182 shares of the financial services provider's stock worth $928,414,000 after acquiring an additional 297,790 shares during the period. Cooke & Bieler LP boosted its position in shares of Brookfield Asset Management by 48.6% during the 4th quarter. Cooke & Bieler LP now owns 2,001,903 shares of the financial services provider's stock valued at $104,880,000 after acquiring an additional 655,009 shares in the last quarter. Principal Financial Group Inc. increased its stake in Brookfield Asset Management by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 7,863,457 shares of the financial services provider's stock valued at $411,972,000 after acquiring an additional 533,639 shares during the period. Nicola Wealth Management LTD. increased its stake in Brookfield Asset Management by 16.3% in the fourth quarter. Nicola Wealth Management LTD. now owns 251,758 shares of the financial services provider's stock valued at $13,190,000 after acquiring an additional 35,200 shares during the period. Finally, Intact Investment Management Inc. increased its stake in Brookfield Asset Management by 32.5% in the fourth quarter. Intact Investment Management Inc. now owns 782,558 shares of the financial services provider's stock valued at $40,992,000 after acquiring an additional 191,998 shares during the period. Institutional investors own 68.41% of the company's stock.

Key Brookfield Asset Management News

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

• Positive Sentiment: Record Q2 results and AI infrastructure growth: Brookfield reported quarterly earnings of $0.44 per share, slightly ahead of the $0.43 consensus, while revenue of $1.75 billion exceeded estimates of $1.47 billion. Investor attention is also focused on the company’s push into AI-related infrastructure, which could support long-term fee growth. Why Brookfield Asset Management Is Up After Record Q2 Results and AI Infrastructure Push
• Positive Sentiment: Analysts raised several price targets: National Bank Financial increased its target to $70 from $69 and maintained an outperform rating; Scotia raised its target to $59 from $57 and kept a sector-outperform rating. National Bank Financial Raises Brookfield Asset Management Price Target Scotia Raises Brookfield Asset Management Price Target
• Positive Sentiment: Dividend payment remains supportive: BAM declared a quarterly dividend of $0.5025 per share, payable September 29 to shareholders of record August 31. The indicated annual yield is approximately 3.8%.
• Neutral Sentiment: Mixed analyst positioning: RBC maintained its buy rating, while Deutsche Bank reiterated a hold. UBS raised its target to $55 from $48 but retained a neutral rating, suggesting limited near-term conviction. Deutsche Bank Hold Rating RBC Maintains Buy Rating
• Neutral Sentiment: Valuation comparisons are mixed: A Zacks analysis compares BAM with Inter & Co. as investors assess which financial-services stock offers better value. BAM’s elevated valuation means continued earnings and AI-infrastructure execution may be needed to justify further gains. INTR Versus BAM Value Comparison

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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