Brookfield Asset Management (BAM) Upgraded to B- by TheStreet

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) was upgraded by equities researchers at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Thursday, December 28th.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada boosted their price target on shares of Brookfield Asset Management from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Scotiabank boosted their price target on shares of Brookfield Asset Management from $44.75 to $45.50 and gave the stock an “outperform” rating in a report on Friday, November 10th. Citigroup dropped their price objective on shares of Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a report on Friday, November 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $47.00 price objective on shares of Brookfield Asset Management in a report on Monday, October 2nd. Finally, ValuEngine downgraded shares of Brookfield Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $47.00.

Brookfield Asset Management (NYSE BAM) opened at $42.75 on Thursday. The stock has a market cap of $41,013.32, a price-to-earnings ratio of 95.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29. Brookfield Asset Management has a 1 year low of $33.25 and a 1 year high of $44.33.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, November 9th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter. Brookfield Asset Management had a net margin of 1.70% and a return on equity of 0.86%. The firm had revenue of $15.40 billion during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Trust Group LLC grew its position in Brookfield Asset Management by 1,637.6% during the third quarter. Atlantic Trust Group LLC now owns 1,213,309 shares of the financial services provider’s stock valued at $50,109,000 after acquiring an additional 1,143,482 shares during the last quarter. Davis Selected Advisers grew its position in Brookfield Asset Management by 1.0% during the third quarter. Davis Selected Advisers now owns 717,049 shares of the financial services provider’s stock valued at $29,614,000 after acquiring an additional 6,940 shares during the last quarter. Yellowstone Partners LLC bought a new position in shares of Brookfield Asset Management in the third quarter worth approximately $5,868,000. Sterling Capital Management LLC grew its holdings in shares of Brookfield Asset Management by 35.1% in the third quarter. Sterling Capital Management LLC now owns 12,383 shares of the financial services provider’s stock worth $511,000 after purchasing an additional 3,219 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Brookfield Asset Management by 48.0% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,825 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 5,132 shares during the last quarter. Institutional investors and hedge funds own 54.44% of the company’s stock.

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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.

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