Credit Suisse Group upgraded shares of Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) from a neutral rating to an outperform rating in a research report sent to investors on Friday morning, MarketBeat.com reports. They currently have $50.00 target price on the financial services provider’s stock, up from their prior target price of $44.00.

BAM has been the topic of a number of other reports. Scotiabank set a $53.00 target price on shares of Brookfield Asset Management and gave the stock a buy rating in a report on Thursday, October 18th. BMO Capital Markets started coverage on shares of Brookfield Asset Management in a report on Thursday, September 20th. They set an outperform rating and a $54.00 target price on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Brookfield Asset Management from $46.00 to $47.00 and gave the stock an outperform rating in a report on Friday, August 10th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of $51.75.

BAM traded up $1.89 during trading on Friday, reaching $43.29. 1,906,292 shares of the company’s stock were exchanged, compared to its average volume of 1,040,812. Brookfield Asset Management has a one year low of $37.22 and a one year high of $45.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.26 and a quick ratio of 1.01. The firm has a market capitalization of $41.49 billion, a price-to-earnings ratio of 15.58 and a beta of 1.03.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last posted its earnings results on Thursday, November 8th. The financial services provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.21). Brookfield Asset Management had a return on equity of 3.74% and a net margin of 5.49%. The business had revenue of $14.86 billion for the quarter. During the same quarter last year, the firm earned $0.79 earnings per share. Brookfield Asset Management’s revenue was up 21.0% on a year-over-year basis.

A number of institutional investors and hedge funds have recently bought and sold shares of BAM. Dimensional Fund Advisors LP lifted its position in shares of Brookfield Asset Management by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 45,246 shares of the financial services provider’s stock worth $1,765,000 after purchasing an additional 1,296 shares during the period. Principal Financial Group Inc. lifted its position in shares of Brookfield Asset Management by 9.0% in the 1st quarter. Principal Financial Group Inc. now owns 27,657,747 shares of the financial services provider’s stock worth $1,078,648,000 after purchasing an additional 2,289,553 shares during the period. LPL Financial LLC lifted its position in shares of Brookfield Asset Management by 12.5% in the 1st quarter. LPL Financial LLC now owns 17,644 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 1,960 shares during the period. Atria Investments LLC acquired a new position in shares of Brookfield Asset Management in the 2nd quarter worth approximately $222,000. Finally, Rathbone Brothers plc lifted its position in shares of Brookfield Asset Management by 32.9% in the 2nd quarter. Rathbone Brothers plc now owns 86,067 shares of the financial services provider’s stock worth $3,489,000 after purchasing an additional 21,283 shares during the period. 60.40% of the stock is currently owned by hedge funds and other institutional investors.

About Brookfield Asset Management

Brookfield Asset Management Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm invests in the property, power, and infrastructure sectors. Its property business includes owning and managing office properties, developing master planned residential communities, and offering clients bridge and mezzanine lending, alternative assets funds, and financial and advisory services.

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Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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