Analysts predict that Brookfield Asset Management Inc. (NYSE: BAM) (TSE: BAM.A) will post earnings per share of $ 0.79 for the current quarter, according to Zacks. No analyst has provided earnings estimates for Brookfield Asset Management. Brookfield Asset Management posted earnings per share of $ 0.10 in the same quarter last year, indicating a positive year-over-year growth rate of 690%. The company is expected to report its next results on Thursday, November 11.
According to Zacks, analysts expect Brookfield Asset Management to report annual earnings of $ 2.17 per share for the current fiscal year. For the next fiscal year, analysts expect the company to report earnings of $ 2.34 per share. Zacks earnings per share averages are an average based on a survey of seller-side research analysts who cover Brookfield Asset Management.
Brookfield Asset Management (NYSE: BAM) (TSE: BAM.A) last reported its quarterly results on Wednesday, August 11. The financial services provider reported earnings of $ 0.49 per share for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.75 ($ 0.26). Brookfield Asset Management had a net margin of 4.21% and a return on equity of 2.43%. During the same period last year, the company achieved earnings per share ($ 0.43).
A number of equity analysts recently commented on the company. Citigroup assumed cover for Brookfield Asset Management in a report on Thursday, August 12. They set a “buy” rating and a price target of $ 68.00 for the company. JPMorgan Chase & Co. raised its target price on Brookfield Asset Management from $ 57.00 to $ 62.00 and rated the stock “overweight” in a report released on Friday, June 18. Zacks Investment Research downgraded Brookfield Asset Management from a “buy” rating to a “custody” rating in a research report released on Friday, August 13. TD Securities raised its price target on Brookfield Asset Management from $ 70.00 to $ 71.00 and gave the stock a “buy on share list” rating in a research report published on Sunday August 15th. . Finally, BMO Capital Markets increased its price target on Brookfield Asset Management from C $ 57.00 to C $ 61.00 and assigned the stock an “outperformance” rating in a research report on Friday, August 13. . Three investment analysts assigned a conservation rating to the stock, seven assigned a buy rating and two gave the company a high buy rating. The company currently has a consensus rating of “Buy” and an average target price of $ 56.00.
Several institutional investors have recently changed their holdings in BAM. Capital International Investors purchased a new equity stake in Brookfield Asset Management in the first quarter for a value of approximately $ 336,474,000. Bank of Montreal Can increased its holdings in Brookfield Asset Management by 8.9% during the second quarter. Bank of Montreal Can now owns 59,789,257 shares of the financial services provider valued at $ 3,136,545,000 after purchasing an additional 4,864,610 shares during the period. The Manufacturers Life Insurance Company increased its holdings of Brookfield Asset Management shares by 24.1% in the first quarter. The Manufacturers Life Insurance Company now owns 24,275,961 shares of the financial services provider valued at $ 1,357,027,000 after acquiring an additional 4,706,808 shares during the period. EdgePoint Investment Group Inc. increased its holdings of Brookfield Asset Management shares by 43.9% in the first quarter. EdgePoint Investment Group Inc. now owns 12,694,701 shares of the financial services provider valued at $ 563,246,000 after acquiring an additional 3,870,544 shares during the period. Finally, the Bank of Nova Scotia increased its holdings of Brookfield Asset Management shares by 19.5% in the first quarter. The Bank of Nova Scotia now owns 21,722,575 shares of the financial services provider valued at $ 966,597,000 after acquiring an additional 3,540,699 shares during the period. 59.66% of the shares are held by hedge funds and other institutional investors.
NYSE BAM traded up $ 0.63 in the Friday midday session, reaching $ 56.96. The company had a trading volume of 1,525,268 shares, compared to its average volume of 2,746,723. The company has a quick ratio of 0.86, a current ratio of 1.04, and a debt ratio of 1. , 18. Brookfield Asset Management has a twelve month low of $ 29.09 and a twelve month high of $ 57.83. The stock has a market cap of $ 89.33 billion, a P / E ratio of 32.36 and a beta of 1.26. The company has a 50-day moving average of $ 53.11.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 29. Investors of record on Tuesday, August 31 will receive a dividend of $ 0.13 per share. This represents a dividend of $ 0.52 on an annualized basis and a return of 0.91%. The ex-dividend date is Monday August 30. Brookfield Asset Management’s dividend payout ratio (DPR) is currently -433.33%.
About Brookfield Asset Management
Brookfield Asset Management, Inc deals with the management of public and private investment products and services for institutional and retail clients. It operates through the following segments: asset management, real estate, renewable energy, infrastructure, private equity, residential development and corporate activities.
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