Brookfield Asset Management (NYSE:BAM) Raised to Hold at Wall Street Zen

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities analysts also recently commented on the stock. Canadian Imperial Bank of Commerce set a $62.50 target price on shares of Brookfield Asset Management in a research report on Monday, May 11th. Weiss Ratings downgraded Brookfield Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 15th. National Bank Financial increased their price objective on Brookfield Asset Management from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday. Scotia raised their price objective on Brookfield Asset Management from $57.00 to $59.00 and gave the company a “sector outperform” rating in a research note on Thursday. Finally, 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 research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $59.50.

Brookfield Asset Management Price Performance

NYSE BAM opened at $52.51 on Friday. 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 stock has a market capitalization of $86.03 billion, a PE ratio of 30.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.26. Brookfield Asset Management has a 12-month low of $42.20 and a 12-month high of $63.37. The company has a 50 day moving average price of $47.32 and a two-hundred day moving average price of $47.60.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.78%. The company had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.47 billion. As a group, equities analysts predict that Brookfield Asset Management will post 1.76 earnings per share for the current fiscal year.

Institutional Trading of Brookfield Asset Management

Several institutional investors have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Brookfield Asset Management during the second quarter valued at $25,000. Zions Bancorporation National Association UT grew its holdings in shares of Brookfield Asset Management by 241.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 488 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 345 shares during the last quarter. LOM Asset Management Ltd bought a new stake in shares of Brookfield Asset Management in the 4th quarter worth about $31,000. Allied Private Wealth LLC acquired a new stake in shares of Brookfield Asset Management during the 2nd quarter worth about $40,000. Finally, Allworth Financial LP increased its position 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 purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Trending Headlines about 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.