Brookfield Asset Management Ltd. (TSE:BAM) Given Average Rating of “Buy” by Brokerages

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) have been given an average recommendation of “Buy” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$75.00.

Separately, Royal Bank Of Canada raised shares of Brookfield Asset Management to a “moderate buy” rating in a research report on Monday, May 11th.

Brookfield Asset Management Price Performance

Shares of TSE:BAM traded up C$1.67 during midday trading on Monday, reaching C$67.00. 449,888 shares of the company were exchanged, compared to its average volume of 1,881,642. The business’s fifty day moving average is C$65.85 and its two-hundred day moving average is C$66.09. Brookfield Asset Management has a one year low of C$58.09 and a one year high of C$88.12. The stock has a market cap of C$106.98 billion, a PE ratio of 42.95, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32. The company has a current ratio of 1.68, a quick ratio of 0.95 and a debt-to-equity ratio of 38.61.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. Brookfield Asset Management had a return on equity of 30.18% and a net margin of 50.79%.The company had revenue of C$1.98 billion during the quarter. As a group, analysts predict that Brookfield Asset Management will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio is currently 116.35%.

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.