Brookfield Asset Management (NYSE:BAM) Stock Rating Raised to “Hold” at Wall Street Zen

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

BAM has been the subject of a number of other reports. Wells Fargo & Company initiated coverage on shares of Brookfield Asset Management in a report on Friday, October 2nd. They set an “overweight” rating and a $41.00 price objective for the company. Royal Bank Of Canada set a $65.00 price target on shares of Brookfield Asset Management and gave the stock an “outperform” rating in a report on Friday, September 18th. Morgan Stanley set a $54.00 price objective on shares of Brookfield Asset Management in a report on Friday, October 16th. Scotiabank reissued an “outperform” rating and issued a $59.00 price target on shares of Brookfield Asset Management in a report on Thursday, August 6th. Finally, Bank of America lowered their price target on shares of Brookfield Asset Management from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $56.91.

Brookfield Asset Management Stock Up 1.0%

BAM opened at $53.00 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.75 and a quick ratio of 0.75. The company has a fifty day moving average price of $47.18 and a 200-day moving average price of $47.86. Brookfield Asset Management has a one year low of $42.20 and a one year high of $55.97. The firm has a market capitalization of $86.82 billion, a P/E ratio of 29.58, a price-to-earnings-growth ratio of 2.17 and a beta of 1.27.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last announced its quarterly earnings data on Friday, November 6th. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.60 billion. Brookfield Asset Management had a net margin of 48.89% and a return on equity of 31.50%. Equities research analysts expect that Brookfield Asset Management will post 1.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brookfield Asset Management

Several institutional investors have recently modified their holdings of the business. Moors & Cabot Inc. increased its position in shares of Brookfield Asset Management by 59.0% during the third quarter. Moors & Cabot Inc. now owns 8,569 shares of the financial services provider’s stock worth $382,000 after acquiring an additional 3,178 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Brookfield Asset Management in the third quarter valued at $207,000. Maryland State Retirement & Pension System raised its holdings in shares of Brookfield Asset Management by 15.3% in the third quarter. Maryland State Retirement & Pension System now owns 22,834 shares of the financial services provider’s stock valued at $1,018,000 after purchasing an additional 3,033 shares during the last quarter. AlphaCore Capital LLC bought a new stake in shares of Brookfield Asset Management in the 3rd quarter worth approximately $224,000. Finally, Brighton Jones LLC boosted its position in shares of Brookfield Asset Management by 13.8% during the third quarter. Brighton Jones LLC now owns 7,742 shares of the financial services provider’s stock valued at $345,000 after buying an additional 940 shares during the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

Key Headlines Impacting Brookfield Asset Management

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

• Positive Sentiment: BAM raised $25 billion in the third quarter and $123 billion year to date. Fee-related earnings and distributable earnings each increased 15% year over year, to $864 million and $763 million, respectively. Brookfield Asset Management Announces Strong Third Quarter Results
• Positive Sentiment: Quarterly earnings were $0.47 per share, roughly in line with or slightly above analyst expectations, while revenue of $2.15 billion exceeded the cited $1.60 billion consensus estimate. Quarterly earnings report
• Positive Sentiment: Fundraising momentum is being led by infrastructure, as investors seek real assets. The company is targeting more than $30 billion for its infrastructure flagship in early 2027; anticipated net carried interest of about $3 billion in 2029–2031 could provide a longer-term earnings tailwind. Brookfield infrastructure fundraising and carry outlook
• Neutral Sentiment: CEO Bruce Flatt said community support is important to expanding AI infrastructure. The opportunity could benefit the platform, though local acceptance may be a key factor in project development. CEO comments on community support and AI infrastructure

About Brookfield Asset Management

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.