Brookfield Asset Management - BAM Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Brookfield Asset Management in the last twelve months. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BAM shares.
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6 brokers have issued 12 month price targets for Brookfield Asset Management's stock. Their BAM share price forecasts range from $52.00 to $73.00. On average, they predict the company's share price to reach $66.00 in the next year. This suggests a possible upside of 54.2% from the stock's current price.
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Brookfield Asset Management's stock was trading at $60.38 at the beginning of 2022. Since then, BAM stock has decreased by 29.1% and is now trading at $42.81.
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Brookfield Asset Management saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,330,000 shares, an increase of 19.6% from the August 15th total of 7,800,000 shares. Based on an average trading volume of 1,470,000 shares, the days-to-cover ratio is presently 6.3 days. Currently, 0.6% of the company's shares are short sold.
View Brookfield Asset Management's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 10th 2022.
View our BAM earnings forecast.

Brookfield Asset Management Inc. (NYSE:BAM) issued its quarterly earnings results on Thursday, August, 11th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.39. The financial services provider had revenue of $23.26 billion for the quarter, compared to the consensus estimate of $19.42 billion. Brookfield Asset Management had a trailing twelve-month return on equity of 3.02% and a net margin of 4.48%. During the same period in the prior year, the business posted $1.01 EPS.

Brookfield Asset Management announced a quarterly dividend on Thursday, August 11th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.14 per share on Thursday, September 29th. This represents a $0.56 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, August 30th.
Read our dividend analysis for BAM.

Brookfield Asset Management (NYSE:BAM) pays an annual dividend of $0.56 per share and currently has a dividend yield of 1.28%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 24.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAM will have a dividend payout ratio of 15.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAM.

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 minted shares were issued 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.

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

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

Brookfield Asset Management's stock is owned by many different institutional and retail investors. Top institutional investors include Bank of Montreal Can (3.09%), Principal Financial Group Inc. (2.80%), TD Asset Management Inc. (1.85%), Mackenzie Financial Corp (1.39%), FMR LLC (1.39%) and Jarislowsky Fraser Ltd (1.26%). Insiders that own company stock include Ati Investment Parent, Llc, Brookfield Asset Management In, Oaktree Capital Management Gp,, Oaktree Capital Management Lp, Ocm Growth Holdings Llc and Opps Tpic Holdings, Llc.
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Shares of BAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BAM stock can currently be purchased for approximately $42.81.

Brookfield Asset Management (NYSE:BAM) has a market capitalization of $70.06 billion and generates $75.73 billion in revenue each year. The financial services provider earns $3.97 billion in net income (profit) each year or $2.28 on an earnings per share basis.

The company employs 180,000 workers across the globe.

Brookfield Asset Management's mailing address is Suite 300 Brookfield Place 181 Bay Street P.O. Box 762, Toronto A6, M5J2T3. The official website for the company is www.brookfield.com. The financial services provider can be reached via phone at (416) 363-9491, via email at enquiries@brookfield.com, or via fax at 416-365-9642.