Brookfield Asset Management (NYSE:BAM) Stock Gets Price Target Increase from JPMorgan Chase & Co.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its price target raised by analysts at JPMorgan Chase & Co. from $55.00 to $58.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.44% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the company. Scotia boosted their price objective on Brookfield Asset Management from $57.00 to $59.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 6th. Wells Fargo & Company initiated coverage on Brookfield Asset Management in a report on Friday, October 2nd. They set an “overweight” rating and a $41.00 price target for the company. Weiss Ratings upgraded Brookfield Asset Management from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Brookfield Asset Management from $48.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, August 6th. Finally, Scotiabank reiterated an “outperform” rating and set a $59.00 price objective on shares of Brookfield Asset Management in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Brookfield Asset Management has a consensus rating of “Moderate Buy” and an average target price of $56.91.

Brookfield Asset Management Trading Up 1.0%

BAM stock traded up $0.54 during midday trading on Thursday, reaching $53.00. The stock had a trading volume of 7,966,901 shares, compared to its average volume of 2,828,520. Brookfield Asset Management has a twelve month low of $42.20 and a twelve month high of $55.97. The business has a fifty day simple moving average of $47.18 and a two-hundred day simple moving average of $47.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.06. The firm has a market cap of $86.82 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.17 and a beta of 1.27.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Friday, November 6th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $1.60 billion. As a group, research analysts expect that Brookfield Asset Management will post 1.77 EPS for the current fiscal year.

Institutional Trading of Brookfield Asset Management

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAM. Moors & Cabot Inc. boosted its stake in Brookfield Asset Management by 59.0% during the 3rd quarter. Moors & Cabot Inc. now owns 8,569 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 3,178 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of Brookfield Asset Management in the third quarter valued at approximately $207,000. Maryland State Retirement & Pension System boosted its position in shares of Brookfield Asset Management by 15.3% during the third quarter. Maryland State Retirement & Pension System now owns 22,834 shares of the financial services provider’s stock valued at $1,018,000 after buying an additional 3,033 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Brookfield Asset Management during the third quarter valued at approximately $224,000. Finally, Brighton Jones LLC grew its holdings in Brookfield Asset Management by 13.8% during the third quarter. Brighton Jones LLC now owns 7,742 shares of the financial services provider’s stock worth $345,000 after buying an additional 940 shares in the last quarter. 68.41% of the stock is owned by institutional investors.

Trending Headlines about Brookfield Asset Management

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: BAM raised $25 billion in the third quarter and $123 billion year to date. Fee-related earnings and distributable earnings each increased 15% year over year, to $864 million and $763 million, respectively. Brookfield Asset Management Announces Strong Third Quarter Results
• Positive Sentiment: Quarterly earnings were $0.47 per share, roughly in line with or slightly above analyst expectations, while revenue of $2.15 billion exceeded the cited $1.60 billion consensus estimate. Quarterly earnings report
• Positive Sentiment: Fundraising momentum is being led by infrastructure, as investors seek real assets. The company is targeting more than $30 billion for its infrastructure flagship in early 2027; anticipated net carried interest of about $3 billion in 2029–2031 could provide a longer-term earnings tailwind. Brookfield infrastructure fundraising and carry outlook
• Neutral Sentiment: CEO Bruce Flatt said community support is important to expanding AI infrastructure. The opportunity could benefit the platform, though local acceptance may be a key factor in project development. CEO comments on community support and AI infrastructure

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.