Brookfield Asset Management - BAM Stock Forecast, Price & News

Brookfield Asset Management is an alternative asset manager and REIT/Real Estate Investment Manager firm focuses on real estate, renewable power, infrastructure and venture capital and private equity assets. It manages a range of public and private investment products and services for institutional and retail clients. It typically makes investments in sizeable, premier assets across geographies and asset classes. It invests both its own capital as well as capital from other investors. Within private equity and venture capital, it focuses on acquisition, early ventures, control buyouts and financially distressed, buyouts and corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies. It invests in both public debt and equity markets. It invests in private equity sectors with focus on Business Services include infrastructure, healthcare, road fuel distribution and marketing, construction and real estate; Industrials include manufacturers of automotive batteries, graphite electrodes, returnable plastic packaging, and sanitation management and development; and Residential/ infrastructure services. It targets companies which likely possess underlying real assets, primarily in sectors such as industrial products, building materials, metals, mining, homebuilding, oil and gas, paper and packaging, manufacturing and forest product sectors. It invests globally with focus on North America including Brazil, the United States, Canada; Europe; and Australia; and Asia-Pacific. The firm considers equity investments in the range of $2 million to $500 million. It has a four-year investment period and a 10-year term with two one-year extensions. The firm prefers to take minority stake and majority stake. Brookfield Asset Management Inc. was founded in 1997 and based in Toronto, Canada with additional offices across Northern America; South America; Europe; Middle East and Asia.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Brookfield Asset Management from $57.00 to $52.00 in a report on Wednesday, July 13th. Royal Bank of Canada cut their target price on shares of Brookfield Asset Management from $72.00 to $68.00 and set an "outperform" rating for the company in a research report on Friday, May 20th. StockNews.com upgraded shares of Brookfield Asset Management from a "sell" rating to a "hold" rating in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group upgraded shares of Brookfield Asset Management from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $68.00 to $71.50 in a research report on Wednesday, April 27th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.57.

Brookfield Asset Management Trading Down 1.0 %

NYSE:BAM traded down $0.54 during trading on Monday, hitting $53.18. 31,512 shares of the company's stock traded hands, compared to its average volume of 1,753,871. The stock has a fifty day moving average of $47.01 and a two-hundred day moving average of $50.96. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.31 and a quick ratio of 1.11. Brookfield Asset Management has a 12-month low of $42.21 and a 12-month high of $62.47. The firm has a market cap of $87.30 billion, a P/E ratio of 23.56 and a beta of 1.32.

Brookfield Asset Management (NYSE:BAM - Get Rating) (TSE:BAM.A) last posted its quarterly earnings results on Thursday, August 11th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.23). Brookfield Asset Management had a net margin of 4.48% and a return on equity of 3.02%. During the same quarter in the previous year, the business earned $1.01 EPS. As a group, sell-side analysts expect that Brookfield Asset Management will post 3.19 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, August 30th. Brookfield Asset Management's dividend payout ratio (DPR) is 24.56%.

Insider Activity

In other news, major shareholder Oaktree Capital Management Lp sold 254,754 shares of the company's stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $11.32, for a total transaction of $2,883,815.28. Following the completion of the transaction, the insider now directly owns 12,227,043 shares of the company's stock, valued at $138,410,126.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 610,260 shares of company stock valued at $6,909,229.