Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has been assigned an average rating of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $54.00.

Several brokerages recently commented on BAM. TD Securities dropped their price objective on Total Energy Services from C$11.50 to C$10.00 and set a “hold” rating on the stock in a research note on Friday, May 10th. Citigroup downgraded Apergy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $41.00 to $34.00 in a research note on Tuesday, July 9th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Friday, April 5th.

Brookfield Asset Management stock traded down $0.02 during mid-day trading on Wednesday, hitting $49.47. 1,141,680 shares of the company’s stock were exchanged, compared to its average volume of 1,007,211. The firm has a market capitalization of $49.39 billion, a price-to-earnings ratio of 15.56 and a beta of 1.11. Brookfield Asset Management has a fifty-two week low of $36.58 and a fifty-two week high of $49.56. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average price of $48.21.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The business had revenue of $15.21 billion for the quarter, compared to the consensus estimate of $12.35 billion. Brookfield Asset Management had a return on equity of 3.86% and a net margin of 5.63%. During the same quarter last year, the business posted $1.16 EPS.

In other Brookfield Asset Management news, Director Brookfield Asset Management In sold 1,900,000 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $23.75, for a total transaction of $45,125,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge funds have recently added to or reduced their stakes in the business. Advisor Partners LLC grew its holdings in shares of Brookfield Asset Management by 4.0% in the 1st quarter. Advisor Partners LLC now owns 7,272 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 279 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Brookfield Asset Management by 6.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 5,726 shares of the financial services provider’s stock valued at $267,000 after acquiring an additional 339 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Brookfield Asset Management by 1.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 35,373 shares of the financial services provider’s stock valued at $1,686,000 after acquiring an additional 356 shares in the last quarter. Colony Group LLC grew its holdings in shares of Brookfield Asset Management by 7.3% in the 4th quarter. Colony Group LLC now owns 5,665 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 386 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its holdings in shares of Brookfield Asset Management by 2.5% in the 1st quarter. Gulf International Bank UK Ltd now owns 16,275 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 60.83% of the company’s stock.

Brookfield Asset Management Company Profile

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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