Brookfield Asset Management (NYSE:BAM) Price Target Raised to $70.00

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price target hoisted by National Bank Financial from $69.00 to $70.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Scotia increased their price target on Brookfield Asset Management from $57.00 to $59.00 and gave the stock a “sector outperform” rating in a report on Thursday. Royal Bank Of Canada cut their price objective on Brookfield Asset Management from $74.00 to $65.00 and set an “outperform” rating on the stock in a report on Monday, May 11th. Piper Sandler reiterated a “neutral” rating and issued a $50.00 price objective (up from $48.00) on shares of Brookfield Asset Management in a research report on Monday, May 18th. Wall Street Zen cut Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Finally, Canadian Imperial Bank of Commerce set a $62.50 target price on shares of Brookfield Asset Management in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Brookfield Asset Management has a consensus rating of “Hold” and an average target price of $59.50.

Brookfield Asset Management Trading Down 1.2%

Shares of NYSE BAM opened at $52.51 on Thursday. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $63.37. The stock has a market cap of $86.03 billion, a price-to-earnings ratio of 30.53, a P/E/G ratio of 2.14 and a beta of 1.26. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $47.32 and its 200-day moving average is $47.63.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.78%. Equities research analysts predict that Brookfield Asset Management will post 1.76 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Monday, August 31st will be paid a $0.5025 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 116.86%.

Institutional Trading of Brookfield Asset Management

A number of institutional investors have recently modified their holdings of the company. Trust Co. of Vermont bought a new position in shares of Brookfield Asset Management during the second quarter worth about $25,000. Zions Bancorporation National Association UT boosted its position in Brookfield Asset Management by 241.3% during the 4th quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 345 shares during the last quarter. LOM Asset Management Ltd acquired a new position in Brookfield Asset Management during the 4th quarter worth approximately $31,000. Allied Private Wealth LLC acquired a new position in Brookfield Asset Management during the 2nd quarter worth approximately $40,000. Finally, Allworth Financial LP grew its stake in shares of Brookfield Asset Management by 47.8% during the 4th quarter. Allworth Financial LP now owns 1,029 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 333 shares in the last quarter. 68.41% of the stock is currently owned by institutional investors.

Key Headlines Impacting Brookfield Asset Management

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: Record Q2 results and AI infrastructure growth: Brookfield reported quarterly earnings of $0.44 per share, slightly ahead of the $0.43 consensus, while revenue of $1.75 billion exceeded estimates of $1.47 billion. Investor attention is also focused on the company’s push into AI-related infrastructure, which could support long-term fee growth. Why Brookfield Asset Management Is Up After Record Q2 Results and AI Infrastructure Push
• Positive Sentiment: Analysts raised several price targets: National Bank Financial increased its target to $70 from $69 and maintained an outperform rating; Scotia raised its target to $59 from $57 and kept a sector-outperform rating. National Bank Financial Raises Brookfield Asset Management Price Target Scotia Raises Brookfield Asset Management Price Target
• Positive Sentiment: Dividend payment remains supportive: BAM declared a quarterly dividend of $0.5025 per share, payable September 29 to shareholders of record August 31. The indicated annual yield is approximately 3.8%.
• Neutral Sentiment: Mixed analyst positioning: RBC maintained its buy rating, while Deutsche Bank reiterated a hold. UBS raised its target to $55 from $48 but retained a neutral rating, suggesting limited near-term conviction. Deutsche Bank Hold Rating RBC Maintains Buy Rating
• Neutral Sentiment: Valuation comparisons are mixed: A Zacks analysis compares BAM with Inter & Co. as investors assess which financial-services stock offers better value. BAM’s elevated valuation means continued earnings and AI-infrastructure execution may be needed to justify further gains. INTR Versus BAM Value Comparison

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager headquartered in Toronto, Canada, that specializes in investments in real assets and related private equity and credit strategies. The firm acquires, manages and develops assets in sectors such as real estate, renewable power, infrastructure and private equity, seeking long-term value through active asset management and operational improvements. Brookfield structures and manages commingled funds, listed partnerships and separate accounts for institutional and retail investors.

The company’s products and services include fund management across equity and debt strategies, direct asset ownership and operations, property and facilities management, and capital markets solutions.