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TSE:BAM

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

C$52.22
-0.31 (-0.59%)
(As of 05:23 PM ET)
Today's Range
C$51.61
C$52.50
50-Day Range
C$51.32
C$56.97
52-Week Range
C$39.38
C$58.19
Volume
756,310 shs
Average Volume
998,600 shs
Market Capitalization
C$20.40 billion
P/E Ratio
35.77
Dividend Yield
4.00%
Price Target
N/A
BAM stock logo

About Brookfield Asset Management Stock (TSE:BAM)

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.

BAM Stock Price History

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Company Calendar

Ex-Dividend for 3/28 Dividend
2/28/2024
Dividend Payable
3/28/2024
Last Earnings
5/08/2024
Ex-Dividend for 6/28 Dividend
5/31/2024
Today
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/14/2024

Industry, Sector and Symbol

Industry
Asset Management
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
2,400
Year Founded
N/A

Profitability

Net Income
C$428 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.89 billion
Cash Flow
C$6.35 per share
Book Value
C$5.62 per share

Miscellaneous

Free Float
N/A
Market Cap
C$20.40 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Mark Joseph Carney FPC (Age 59)
    MPC, PRC, Chair of Board & Head of Transition Investing
  • Mr. James Bruce Flatt (Age 59)
    CEO & Director
    Comp: $510.34k
  • Mr. Connor David Teskey (Age 36)
    President and CEO of Renewable Power & Transition
    Comp: $2.49M
  • Mr. Bahir Manios (Age 45)
    Managing Partner & CFO
    Comp: $1.35M
  • Mr. Justin B. Beber (Age 54)
    Managing Partner & COO
  • Mr. Brian William Kingston (Age 51)
    Managing Partner, CEO of Real Estate & Director
    Comp: $2.04M
  • Mr. Cyrus Madon (Age 58)
    Managing Partner, Executive Chairman of Private Equity & Director
    Comp: $797k
  • Ms. Lori Anne Pearson F.C.A. (Age 62)
    FCPA, Managing Partner & COO of Brookfield Corporation
  • Mr. Samuel J. B. Pollock (Age 58)
    Managing Partner, CEO of Infrastructure & Director
    Comp: $797k
  • Mr. Dominic Dodds
    Managing Director of Technology

Should I Buy Brookfield Asset Management Stock? BAM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Brookfield Asset Management Ltd.:

  • Brookfield Asset Management Ltd. has a diversified portfolio across real estate, infrastructure, renewable power, and private equity, providing investors with exposure to various sectors and reducing risk through diversification.
  • The company has a strong track record of value creation through active management of its assets, leading to potential long-term capital appreciation for investors.
  • Brookfield Asset Management Ltd. has a history of consistent dividend payments, offering investors a reliable income stream. The current dividend yield is an important factor to consider for income-oriented investors.
  • Recent developments in the real estate market have shown increased demand for infrastructure and renewable energy projects, which could benefit Brookfield Asset Management Ltd.'s portfolio and drive future growth.
  • Despite market volatility, Brookfield Asset Management Ltd. has demonstrated resilience and the ability to navigate challenging economic environments, providing stability for investors during uncertain times.

Cons

Investors should be bearish about investing in Brookfield Asset Management Ltd. for these reasons:

  • Brookfield Asset Management Ltd.'s stock price may be influenced by macroeconomic factors, such as interest rate changes or global economic conditions, which could lead to fluctuations in the company's valuation.
  • Investing in alternative assets, like those managed by Brookfield Asset Management Ltd., may involve higher levels of risk compared to traditional investments, requiring investors to carefully assess their risk tolerance before investing.
  • While the company's diversified portfolio can reduce risk, it also means that performance in one sector may not fully offset losses in another, potentially impacting overall returns for investors.
  • Brookfield Asset Management Ltd.'s growth strategy relies on successful acquisitions and developments, which may not always materialize as planned, leading to potential setbacks in the company's growth trajectory.
  • Investors should consider the company's payout ratio when evaluating dividend sustainability, as a high payout ratio may indicate limited room for future dividend growth or potential cuts in dividend payments.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 9, 2024. Please send any questions or comments about these Brookfield Asset Management pros and cons to contact@marketbeat.com.

BAM Stock Analysis - Frequently Asked Questions

How have BAM shares performed in 2024?

Brookfield Asset Management's stock was trading at C$53.22 on January 1st, 2024. Since then, BAM shares have decreased by 1.9% and is now trading at C$52.22.
View the best growth stocks for 2024 here
.

When is Brookfield Asset Management's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 14th 2024.
View our BAM earnings forecast
.

How were Brookfield Asset Management's earnings last quarter?

Brookfield Asset Management Ltd. (TSE:BAM) released its quarterly earnings data on Wednesday, May, 8th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.46. The company earned $1.19 billion during the quarter. Brookfield Asset Management had a trailing twelve-month return on equity of 18.79% and a net margin of 45.32%.

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

Brookfield Asset Management announced a quarterly dividend on Friday, May 31st. Investors of record on Friday, June 28th will be given a dividend of 0.524 per share on Friday, June 28th. This represents a $2.10 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 31st. This is a positive change from the stock's previous quarterly dividend of C$0.38.
Read our dividend analysis for BAM
.

Is Brookfield Asset Management a good dividend stock?

Brookfield Asset Management (TSE:BAM) pays an annual dividend of C$2.09 per share and currently has a dividend yield of 3.80%. The dividend payout ratio is 143.15%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for BAM.

How do I buy shares of Brookfield Asset Management?

Shares of BAM stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:BAM) was last updated on 6/14/2024 by MarketBeat.com Staff

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