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.
Brookfield Asset Management Stock Performance
Shares of Brookfield Asset Management stock opened at $50.24 on Tuesday. Brookfield Asset Management has a one year low of $42.21 and a one year high of $62.47. The firm has a market capitalization of $82.47 billion, a price-to-earnings ratio of 20.67 and a beta of 1.32. The business has a 50-day simple moving average of $46.85 and a 200 day simple moving average of $50.97. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.17 and a quick ratio of 0.99.
Brookfield Asset Management (NYSE:BAM - Get Rating) (TSE:BAM.A) last issued its earnings results on Thursday, May 12th. The financial services provider reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.11. Brookfield Asset Management had a return on equity of 3.25% and a net margin of 5.04%. The business had revenue of $21.88 billion during the quarter, compared to analyst estimates of $18.35 billion. During the same period in the previous year, the company posted $1.80 EPS. On average, research analysts anticipate that Brookfield Asset Management will post 3.23 earnings per share for the current fiscal year.
Brookfield Asset Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Tuesday, May 31st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Friday, May 27th. Brookfield Asset Management's dividend payout ratio is currently 23.05%.
Analyst Ratings Changes
BAM has been the topic of several recent research reports. StockNews.com raised Brookfield Asset Management from a "sell" rating to a "hold" rating in a report on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on Brookfield Asset Management from $57.00 to $52.00 in a research note on Wednesday, July 13th. Royal Bank of Canada dropped their price objective on Brookfield Asset Management from $72.00 to $68.00 and set an "outperform" rating on the stock in a research note on Friday, May 20th. Finally, Credit Suisse Group raised Brookfield Asset Management from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $68.00 to $71.50 in a research note on Wednesday, April 27th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.88.
Insiders Place Their Bets
In other Brookfield Asset Management news, major shareholder Oaktree Capital Management Lp sold 163,915 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $11.35, for a total transaction of $1,860,435.25. Following the completion of the sale, the insider now directly owns 12,727,802 shares of the company's stock, valued at approximately $144,460,552.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Brookfield Asset Management news, major shareholder Oaktree Capital Management Lp sold 163,915 shares of the business's stock in a transaction that occurred on Thursday, May 26th. The stock was sold at an average price of $11.35, for a total transaction of $1,860,435.25. Following the completion of the sale, the insider now directly owns 12,727,802 shares of the company's stock, valued at approximately $144,460,552.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brookfield Asset Management In sold 756,921 shares of the business's stock in a transaction that occurred on Wednesday, May 11th. The stock was sold at an average price of $24.64, for a total value of $18,650,533.44. Following the sale, the insider now directly owns 15,127,011 shares of the company's stock, valued at $372,729,551.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,367,181 shares of company stock valued at $25,559,762.
