Brookfield Asset Management's (BAM) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank has reiterated a "hold" rating on Brookfield Asset Management (BAM) with a target price of $58.00, indicating a potential downside of 7.89% from the current stock price.
• Brookfield has recently seen adjustments from several analysts, with new buy ratings and target prices ranging from $65.00 to $72.00, contributing to a consensus rating of "Moderate Buy".
• The company reported a net margin of 55.26% and earnings per share of $0.40 last quarter, matching consensus estimates, with anticipated earnings of $1.70 per share for the full year.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A's stock had its "hold" rating restated by research analysts at Deutsche Bank Aktiengesellschaft in a report released on Thursday, Marketbeat Ratings reports. They currently have a $58.00 target price on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential downside of 7.89% from the stock's current price.

Several other research analysts also recently commented on BAM. Morgan Stanley raised their target price on Brookfield Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Friday, May 16th. Bank of America upgraded Brookfield Asset Management from a "neutral" rating to a "buy" rating and set a $65.00 target price on the stock in a research note on Thursday, April 10th. Royal Bank Of Canada assumed coverage on Brookfield Asset Management in a research note on Wednesday, June 18th. They issued an "outperform" rating and a $72.00 target price on the stock. Wall Street Zen upgraded Brookfield Asset Management from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, TD Securities upped their target price on Brookfield Asset Management from $66.00 to $75.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.00.

Brookfield Asset Management Trading Up 2.3%

Shares of Brookfield Asset Management stock opened at $62.97 on Thursday. Brookfield Asset Management has a 52-week low of $38.18 and a 52-week high of $64.10. The stock's 50-day simple moving average is $57.58 and its 200 day simple moving average is $54.99. The stock has a market capitalization of $103.12 billion, a P/E ratio of 44.66, a P/E/G ratio of 2.37 and a beta of 1.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.31 and a current ratio of 1.31.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last issued its earnings results on Tuesday, May 6th. The financial services provider reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Brookfield Asset Management had a return on equity of 52.70% and a net margin of 55.26%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.29 billion. As a group, research analysts anticipate that Brookfield Asset Management will post 1.7 EPS for the current year.

Institutional Investors Weigh In On Brookfield Asset Management

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Brookfield Asset Management by 1,270.6% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 466 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 432 shares in the last quarter. Rossby Financial LCC purchased a new position in shares of Brookfield Asset Management in the first quarter worth $28,000. ST Germain D J Co. Inc. purchased a new position in shares of Brookfield Asset Management in the first quarter worth $26,000. NewEdge Advisors LLC increased its stake in shares of Brookfield Asset Management by 61.0% in the fourth quarter. NewEdge Advisors LLC now owns 858 shares of the financial services provider's stock worth $47,000 after buying an additional 325 shares during the period. Finally, Truvestments Capital LLC increased its stake in shares of Brookfield Asset Management by 85.5% in the first quarter. Truvestments Capital LLC now owns 937 shares of the financial services provider's stock worth $45,000 after buying an additional 432 shares during the period. Hedge funds and other institutional investors own 68.41% of the company's stock.

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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