NYSE:BAMBrookfield Asset Management Stock Price, Forecast & News

$32.09

+1.79 (+5.91 %)

(As of 05/26/2020 04:00 PM ET)

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Today's Range

$31.33

Now: $32.09▼

$32.35

50-Day Range

$28.94

MA: $32.33▼

$35.23

52-Week Range

$21.57

Now: $32.09▼

$45.61

Volume2.46 million shs

Average Volume2.46 million shs

Market Capitalization$50.47 billion

P/E Ratio28.15

Dividend Yield1.58%

Beta1.18

Brookfield Asset Management Inc. is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. The firm invest in attractive businesses through the public debt and equity markets or by providing financing. The firm invest in Business services, Industrials and Residential sectors. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services. Through its subsidiaries, the firm operates hydroelectric power facilities, interconnections and transmission facilities in Northeast North America, and development of wind power in Canada. Through its subsidiaries, it invests in specialty funds including private equity and makes direct investments in real estate, energy, and resource assets. The firm launches and manages equity and fixed income mutual funds. It also manages real estate and hedge funds. The firm invests in equity and fixed income markets across the globe. It also invest in British Columbia, United States, Brazil, Australia, Chile, Uruguay, New Zealand. It prefers to invest between $2 million and $500 million in its portfolio companies. The firm also prefers to take both minority and majority stakes in its companies. It was formerly known as Brascan Corp. Brookfield Asset Management Inc. is based in Toronto, Canada with additional offices in Bogota, Colombia, Rio de Janeiro, Brazil, Calgary, Canada, Dubai, United Arab Emirates, Gatineau, Canada, Hong Kong, Hong Kong, London, United Kingdom, Melbourne, Australia, Montreal, Canada, Mumbai, India, New York City, Perth, Australia, Shanghai, China, and Sydney, Australia.

Beat the Market (BTM) Rank^™

4.3 Analyst's Opinion

Consensus Rating
Brookfield Asset Management has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $41.77, Brookfield Asset Management has a potential upside of 30.2% from its current price of $32.09.
Amount of Analyst Coverage
Brookfield Asset Management has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Brookfield Asset Management has received 469 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Brookfield Asset Management has received 415 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Brookfield Asset Management has received 53.05% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Brookfield Asset Management and other stocks. Vote “Outperform” if you believe BAM will outperform the S&P 500 over the long term. Vote “Underperform” if you believe BAM will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Brookfield Asset Management is a leading dividend payer. It pays a dividend yield of 1.58%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Brookfield Asset Management has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Brookfield Asset Management is 27.75 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Brookfield Asset Management will have a dividend payout ratio of 26.52 % next year. This indicates that Brookfield Asset Management will be able to sustain or increase its dividend.

1.0 Company Ownership

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 Institutions
40.02% 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.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Brookfield Asset Management are expected to grow by 5.23% in the coming year, from $1.72 to $1.81 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Brookfield Asset Management is 28.15, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.96.
Price to Earnings Ratio vs. Sector
The P/E ratio of Brookfield Asset Management is 28.15, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 16.05.
Price to Book Value per Share Ratio
Brookfield Asset Management has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.67 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Nonresidential building operators

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:BAM

Previous Symbol

CUSIPN/A

CIK1001085

Webwww.brookfield.com

Phone416-363-9491

Debt

Debt-to-Equity Ratio1.24

Current Ratio1.04

Quick Ratio0.84

Price-To-Earnings

Trailing P/E Ratio28.15

Forward P/E Ratio18.66

P/E GrowthN/A

Sales & Book Value

Annual Sales$67.83 billion

Price / Sales0.74

Cash Flow$5.17 per share

Price / Cash Flow6.21

Book Value$71.62 per share

Price / Book0.45

Profitability

EPS (Most Recent Fiscal Year)$1.73

Net Income$2.81 billion

Net Margins2.74%

Return on Equity1.79%

Return on Assets0.63%

Miscellaneous

Employees150,000

Outstanding Shares1,572,870,000

Market Cap$50.47 billion

Next Earnings Date8/13/2020 (Estimated)

OptionableOptionable

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Brookfield Asset Management (NYSE:BAM) Frequently Asked Questions

How has Brookfield Asset Management's stock been impacted by COVID-19 (Coronavirus)?

Brookfield Asset Management's stock was trading at $53.84 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BAM stock has decreased by 40.4% and is now trading at $32.09. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Brookfield Asset Management?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Brookfield Asset Management in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Brookfield Asset Management.

When is Brookfield Asset Management's next earnings date?

Brookfield Asset Management is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Brookfield Asset Management.

How were Brookfield Asset Management's earnings last quarter?

Brookfield Asset Management Inc (NYSE:BAM) posted its quarterly earnings results on Thursday, May, 14th. The financial services provider reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.48 by $0.68. The financial services provider had revenue of $16.59 billion for the quarter. Brookfield Asset Management had a return on equity of 1.79% and a net margin of 2.74%. View Brookfield Asset Management's earnings history.

How often does Brookfield Asset Management pay dividends? What is the dividend yield for Brookfield Asset Management?

Brookfield Asset Management declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Friday, May 29th will be given a dividend of $0.12 per share on Tuesday, June 30th. This represents a $0.48 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Thursday, May 28th. View Brookfield Asset Management's dividend history.

When did Brookfield Asset Management's stock split? How did Brookfield Asset Management's stock split work?

Shares of Brookfield Asset Management 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 distributed to shareholders after the closing bell on Wednesday, April 1st 2020. An investor that had 100 shares of Brookfield Asset Management stock prior to the split would have 150 shares after the split.

What price target have analysts set for BAM?

8 analysts have issued 1 year target prices for Brookfield Asset Management's shares. Their forecasts range from $31.00 to $51.33. On average, they anticipate Brookfield Asset Management's share price to reach $41.77 in the next year. This suggests a possible upside of 30.2% from the stock's current price. View analysts' price targets for Brookfield Asset Management.

Has Brookfield Asset Management been receiving favorable news coverage?

Press coverage about BAM stock has been trending extremely negative on Tuesday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Brookfield Asset Management earned a daily sentiment score of -5.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutBrookfield Asset Management.

Are investors shorting Brookfield Asset Management?

Brookfield Asset Management saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,740,000 shares, an increase of 9.5% from the April 30th total of 12,550,000 shares. Based on an average daily trading volume, of 3,690,000 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.0% of the shares of the company are sold short. View Brookfield Asset Management's Current Options Chain.

Who are some of Brookfield Asset Management's key competitors?

Some companies that are related to Brookfield Asset Management include Spirit Realty Capital (SRC), Piedmont Office Realty Trust (PDM), IRSA Propiedades Comerciales (IRCP), J.W. Mays (MAYS), Gyrodyne (GYRO), Elbit Imaging (EMITF) and AmBase (ABCP). View all competitors.

What other stocks do shareholders of Brookfield Asset Management own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Brookfield Asset Management investors own include NVIDIA (NVDA), Walt Disney (DIS), AT&T (T), Alibaba Group (BABA), Brookfield Property Partners (BPY), Bank of America (BAC), Paypal (PYPL), General Electric (GE), Verizon Communications (VZ) and AbbVie (ABBV).

Who are Brookfield Asset Management's key executives?

Brookfield Asset Management's management team includes the following people:

Mr. James Bruce Flatt, Chief Exec. Officer & Managing Partner (Age 54)
Mr. Brian D. Lawson CA, Managing Partner, CFO & Director (Age 60)
Mr. Cyrus Madon, Managing Partner &CEO of Private Equity Group (Age 53)
Mr. Samuel J. B. Pollock, Managing Partner & CEO of Infrastructure (Age 53)
Mr. Brian William Kingston, Managing Partner & CEO of Real Estate (Age 45)

What is Brookfield Asset Management's stock symbol?

Brookfield Asset Management trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAM."

Who are Brookfield Asset Management's major shareholders?

Brookfield Asset Management's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Principal Financial Group Inc. (1.53%), The Manufacturers Life Insurance Company (1.04%), 1832 Asset Management L.P. (0.99%), 1832 Asset Management L.P. (0.93%), CIBC Asset Management Inc (0.91%) and First Manhattan Co. (0.82%). View institutional ownership trends for Brookfield Asset Management.

Which major investors are selling Brookfield Asset Management stock?

BAM stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Franklin Resources Inc., Canada Pension Plan Investment Board, William Blair Investment Management LLC, Toronto Dominion Bank, Waratah Capital Advisors Ltd., Intact Investment Management Inc., and St. James Investment Company LLC. View insider buying and selling activity for Brookfield Asset Management.

Which major investors are buying Brookfield Asset Management stock?

BAM stock was acquired by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Caisse DE Depot ET Placement DU Quebec, Mackenzie Financial Corp, Principal Financial Group Inc., AGF Investments Inc., APG Asset Management N.V., CIBC Asset Management Inc, and Massachusetts Financial Services Co. MA. View insider buying and selling activity for Brookfield Asset Management.

How do I buy shares of Brookfield Asset Management?

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

What is Brookfield Asset Management's stock price today?

One share of BAM stock can currently be purchased for approximately $32.09.

How big of a company is Brookfield Asset Management?

Brookfield Asset Management has a market capitalization of $50.47 billion and generates $67.83 billion in revenue each year. The financial services provider earns $2.81 billion in net income (profit) each year or $1.73 on an earnings per share basis. Brookfield Asset Management employs 150,000 workers across the globe.

What is Brookfield Asset Management's official website?

The official website for Brookfield Asset Management is www.brookfield.com.

How can I contact Brookfield Asset Management?

Brookfield Asset Management's mailing address is Suite 300 Brookfield Place 181 Bay Street P.O. Box 762, Toronto A6, M5J2T3. The financial services provider can be reached via phone at 416-363-9491 or via email at [email protected]

This page was last updated on 5/26/2020 by MarketBeat.com Staff