Brookfield Asset Management's (BAM) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Brookfield Asset Management's stock retains a "buy (B)" rating from Weiss Ratings, indicating continued investor confidence despite external analyst fluctuations.
• Analyst ratings are varied, with major institutions providing target prices between $56.00 and $72.00, reflecting differing views on the company's potential growth.
• Despite a recent earnings miss, Brookfield Asset Management maintains a robust market capitalization of $95.65 billion and has seen significant institutional investment increases.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A's stock had its "buy (b)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada assumed coverage on shares of Brookfield Asset Management in a report on Wednesday, June 18th. They issued an "outperform" rating and a $72.00 price objective for the company. National Bankshares set a $71.00 price objective on shares of Brookfield Asset Management and gave the company an "outperform" rating in a report on Tuesday, July 29th. Bank of America downgraded shares of Brookfield Asset Management from a "buy" rating to a "neutral" rating and set a $68.00 price objective for the company. in a report on Thursday, September 4th. BMO Capital Markets boosted their price objective on shares of Brookfield Asset Management from $53.00 to $56.00 and gave the company a "market perform" rating in a report on Thursday, August 7th. Finally, Piper Sandler cut their price objective on shares of Brookfield Asset Management from $65.00 to $60.00 and set a "neutral" rating for the company in a report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $63.52.

Brookfield Asset Management Trading Up 0.8%

BAM traded up $0.44 during trading on Wednesday, reaching $58.40. 1,064,277 shares of the company's stock were exchanged, compared to its average volume of 2,059,445. Brookfield Asset Management has a fifty-two week low of $41.78 and a fifty-two week high of $64.10. The firm has a market capitalization of $95.65 billion, a PE ratio of 39.19, a P/E/G ratio of 2.12 and a beta of 1.39. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.25 and a current ratio of 1.25. The company's fifty day moving average price is $59.52 and its 200-day moving average price is $56.19.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.29 billion. Brookfield Asset Management had a net margin of 55.92% and a return on equity of 41.12%. As a group, equities analysts forecast that Brookfield Asset Management will post 1.7 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in Brookfield Asset Management by 4,745.0% during the first quarter. GAMMA Investing LLC now owns 18,750 shares of the financial services provider's stock worth $908,000 after buying an additional 18,363 shares during the last quarter. Avanza Fonder AB increased its holdings in Brookfield Asset Management by 37.2% during the first quarter. Avanza Fonder AB now owns 25,249 shares of the financial services provider's stock worth $1,223,000 after buying an additional 6,849 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Brookfield Asset Management during the first quarter worth about $4,773,000. Assenagon Asset Management S.A. increased its stake in shares of Brookfield Asset Management by 157.3% in the first quarter. Assenagon Asset Management S.A. now owns 10,183 shares of the financial services provider's stock worth $493,000 after purchasing an additional 6,225 shares in the last quarter. Finally, Focus Financial Network Inc. increased its stake in shares of Brookfield Asset Management by 5.2% in the first quarter. Focus Financial Network Inc. now owns 4,442 shares of the financial services provider's stock worth $215,000 after purchasing an additional 218 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.

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