Brookfield Asset Management (BAM) Receives Daily News Impact Score of 0.29
Press coverage about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) has been trending positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Brookfield Asset Management earned a daily sentiment score of 0.29 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.9707051808023 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Brookfield Asset Management Announces Pricing of US$650 Million 3.900% Notes… (culthub.com)
- Financial Sector Update for 01/11/2018: AIG, PAY, BABA, XL, TCAP … – Nasdaq (nasdaq.com)
- Brookfield Asset Management Announces Proposed Offering of Notes – GlobeNewswire (press release) (globenewswire.com)
- Brookfield Asset Management Announces Pricing of US$650 Million 3.900% Notes Due January 25, 2028 and US$350 Million Re-Opening of 4.700% Notes Due September 20, 2047 (finance.yahoo.com)
- Financial Sector Update for 01/11/2018: PAY,BABA,XL,TCAP,RGA,RNR,BAM – Nasdaq (nasdaq.com)
Several research analysts have commented on BAM shares. Royal Bank of Canada reissued an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Canaccord Genuity reissued a “buy” rating and issued a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Scotiabank raised their price objective on Brookfield Asset Management from $42.75 to $56.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Finally, Citigroup cut their price objective on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.00.
Shares of Brookfield Asset Management (NYSE BAM) traded up $0.24 during midday trading on Friday, hitting $42.75. The stock had a trading volume of 1,265,480 shares, compared to its average volume of 1,125,722. Brookfield Asset Management has a twelve month low of $33.51 and a twelve month high of $44.33. The stock has a market capitalization of $42,280.00, a price-to-earnings ratio of 92.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.01 and a current ratio of 1.29.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, November 30th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.68%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, November 29th. Brookfield Asset Management’s payout ratio is presently 121.74%.
Brookfield Asset Management Company Profile
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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