Brookfield Asset Management (BAM) Stock Price, News & Analysis

Company Overview

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. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes housing, logistics, hospitality, science and innovation, office, and retail sectors. Further, it provides credit business; and insurance solution in the reinsurance, annuities, operating platform, and investment solutions sectors. Brookfield Asset Management Ltd. was incorporated in 2022 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: $47.17 to $47.87
• 50-Day Range: $38.59 to $47.78
• 52-Week Range: $28.35 to $48.15
• Volume: 645,900 shs
• Average Volume: 1.29 million shs
• Market Capitalization: $21.20 billion
• P/E Ratio: 44.24
• Dividend Yield: 3.18%
• Price Target: $44.63
• Consensus Rating: Hold

Brookfield Asset Management Stock Analysis - MarketRank™

Brookfield Asset Management scored higher than 90% of companies evaluated by MarketBeat, and ranked 204th out of 946 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Brookfield Asset Management has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 5 buy ratings, 5 hold ratings, and 2 sell ratings.

Amount of Analyst Coverage

Brookfield Asset Management has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 17.61%

Earnings Growth

Earnings for Brookfield Asset Management are expected to grow by 17.61% in the coming year, from $1.42 to $1.67 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Brookfield Asset Management is 44.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Brookfield Asset Management is 44.24, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.27.

Price to Earnings Growth Ratio

Brookfield Asset Management has a PEG Ratio of 2.36. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Brookfield Asset Management has a P/B Ratio of 8.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.99% of the float of Brookfield Asset Management has been sold short.

Short Interest Ratio / Days to Cover

Brookfield Asset Management has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Brookfield Asset Management has recently decreased by 15.89%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Brookfield Asset Management pays a meaningful dividend of 3.20%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Brookfield Asset Management does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Brookfield Asset Management is 140.74%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Brookfield Asset Management will have a dividend payout ratio of 91.02% in the coming year. This indicates that Brookfield Asset Management may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 2.8 / 5
• Environmental Score: -1.63

Percentage of Shares Shorted

2.99% of the float of Brookfield Asset Management has been sold short.

Short Interest Ratio / Days to Cover

Brookfield Asset Management has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Brookfield Asset Management has recently decreased by 15.89%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.30

News Sentiment

Brookfield Asset Management has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.69 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Brookfield Asset Management this week, compared to 5 articles on an average week.

Search Interest

Only 12 people have searched for BAM on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Brookfield Asset Management to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Brookfield Asset Management insiders have not sold or bought any company stock.

Percentage Held by Insiders

11.00% of the stock of Brookfield Asset Management is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

68.41% of the stock of Brookfield Asset Management is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BAM Stock Analysis - Frequently Asked Questions

How have BAM shares performed this year?

Brookfield Asset Management's stock was trading at $40.17 at the beginning of 2024. Since then, BAM stock has increased by 18.9% and is now trading at $47.78.
View the best growth stocks for 2024 here.

How were Brookfield Asset Management's earnings last quarter?

Brookfield Asset Management Ltd. (NYSE:BAM) posted its quarterly earnings results on Friday, August, 9th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.01. The financial services provider earned $916 million during the quarter, compared to the consensus estimate of $1.16 billion. Brookfield Asset Management had a trailing twelve-month return on equity of 92.37% and a net margin of 51.29%.

When did Brookfield Asset Management's stock split?

Brookfield Asset Management shares split on the morning of Thursday, April 2nd 2020. The 3-2 split was announced on Thursday, February 13th 2020. The newly created shares were payable to shareholders after the market closes on Wednesday, April 1st 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Does Brookfield Asset Management have any subsidiaries?

Brookfield Asset Management subsidiaries include these companies: Watermark Lodging Trust, Hibernia REIT, La Trobe Financial Services, Magnati, AusNet Services, Cupa Group, JCPenney, and more.

Who are Brookfield Asset Management's major shareholders?

Top institutional investors of Brookfield Asset Management include SG Americas Securities LLC (0.02%), Park Avenue Securities LLC and Quent Capital LLC. Insiders that own company stock include Multi-Strategy Mast Brookfield, Brookfield Asset Management In, Oaktree Capital Management Lp, Opps Tpic Holdings, Llc and Oaktree Capital Management Gp,.
View institutional ownership trends.

How do I buy shares of Brookfield Asset Management?

Shares of BAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Brookfield Asset Management own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Brookfield Asset Management investors own include AT&T (T), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), AbbVie (ABBV), Bank of America (BAC) and Verizon Communications (VZ).

Company Calendar

• Last Earnings: 8/09/2024
• Ex-Dividend for 9/27 Dividend: 8/30/2024
• Dividend Payable: 9/27/2024
• Today: 10/06/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Investment advice
• Sub-Industry: Trading
• Current Symbol: NYSE:BAM
• CUSIP: N/A
• CIK: 1001085
• Web: www.brookfield.com
• Phone: 416-363-9491
• Fax: 416-365-9642
• Employees: 2,400
• Year Founded: 1899

Price Target and Rating

• Average Stock Price Target: $44.63
• High Stock Price Target: $53.00
• Low Stock Price Target: $31.00
• Potential Upside/Downside: -6.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.08
• Trailing P/E Ratio: 44.24
• Forward P/E Ratio: 33.65
• P/E Growth: 2.36
• Net Income: $451 million
• Net Margins: 51.29%
• Pretax Margin: 11.59%
• Return on Equity: 92.37%
• Return on Assets: 65.35%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.92
• Quick Ratio: 0.92

Sales & Book Value

• Annual Sales: $390 million
• Price / Sales: 54.36
• Cash Flow: $5.87 per share
• Price / Cash Flow: 8.14
• Book Value: $5.35 per share
• Price / Book: 8.93

Miscellaneous

• Outstanding Shares: 443,749,000
• Free Float: 394,937,000
• Market Cap: $21.20 billion
• Optionable: Optionable
• Beta: 1.56