Brookfield Asset Management Inc (BAM) PT Lowered to $49.50

Brookfield Asset Management Inc (NYSE:BAM) had its price target reduced by analysts at Citigroup Inc. from $50.00 to $49.50 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock.

BAM has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and set a $42.00 price target on shares of Brookfield Asset Management in a report on Thursday, July 27th. Scotiabank upped their price target on shares of Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 11th. ValuEngine lowered shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. BidaskClub upgraded shares of Brookfield Asset Management from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $42.00 price target on shares of Brookfield Asset Management in a report on Friday, August 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$47.00.

Shares of Brookfield Asset Management (NYSE:BAM) opened at C$42.02 on Friday. Brookfield Asset Management has a 1-year low of C$32.04 and a 1-year high of C$43.15.

Brookfield Asset Management (NYSE:BAM) last posted its quarterly earnings results on Thursday, August 10th. The company reported C$0.19 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.47 by C($0.28). Brookfield Asset Management had a net margin of 10.14% and a return on equity of 3.40%. The firm had revenue of C$9.44 billion for the quarter, compared to the consensus estimate of C$5.27 billion. During the same quarter in the prior year, the company earned $0.15 earnings per share. The company’s quarterly revenue was up 58.1% compared to the same quarter last year.

ILLEGAL ACTIVITY NOTICE: “Brookfield Asset Management Inc (BAM) PT Lowered to $49.50” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2017/11/12/brookfield-asset-management-inc-bam-pt-lowered-to-49-50.html.

A number of institutional investors have recently modified their holdings of BAM. Ameriprise Financial Inc. increased its position in Brookfield Asset Management by 3.2% during the 1st quarter. Ameriprise Financial Inc. now owns 22,198 shares of the company’s stock valued at $810,000 after purchasing an additional 689 shares during the period. Dimensional Fund Advisors LP increased its position in Brookfield Asset Management by 18.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,924 shares of the company’s stock valued at $581,000 after purchasing an additional 2,507 shares during the period. Fisher Asset Management LLC increased its position in Brookfield Asset Management by 4.7% during the 2nd quarter. Fisher Asset Management LLC now owns 6,163 shares of the company’s stock valued at $242,000 after purchasing an additional 277 shares during the period. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of Brookfield Asset Management in the 2nd quarter worth about $5,715,000. Finally, Marathon Asset Management LLP grew its position in shares of Brookfield Asset Management by 9.4% in the 2nd quarter. Marathon Asset Management LLP now owns 2,546,995 shares of the company’s stock worth $99,802,000 after buying an additional 218,741 shares during the period.

About Brookfield Asset Management

Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

Receive News & Ratings for Brookfield Asset Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply