Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $47.00.

A number of equities research analysts have issued reports on the company. TD Securities upped their price objective on Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, August 11th. Royal Bank Of Canada upped their price objective on Brookfield Asset Management from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Citigroup decreased 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. Canaccord Genuity restated a “buy” rating and set a $47.00 price objective on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Finally, BidaskClub downgraded Brookfield Asset Management from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp grew its stake in shares of Brookfield Asset Management by 0.4% during the second quarter. M&T Bank Corp now owns 8,325 shares of the financial services provider’s stock valued at $327,000 after buying an additional 35 shares during the last quarter. Cidel Asset Management Inc. grew its stake in Brookfield Asset Management by 0.3% in the second quarter. Cidel Asset Management Inc. now owns 10,540 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 35 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Brookfield Asset Management by 2.0% in the second quarter. Janney Montgomery Scott LLC now owns 20,320 shares of the financial services provider’s stock worth $797,000 after purchasing an additional 405 shares in the last quarter. Lipe & Dalton grew its stake in Brookfield Asset Management by 0.5% in the second quarter. Lipe & Dalton now owns 98,680 shares of the financial services provider’s stock worth $3,869,000 after purchasing an additional 443 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Brookfield Asset Management by 1.7% in the second quarter. HighTower Advisors LLC now owns 28,399 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 480 shares in the last quarter. 54.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brookfield Asset Management (NYSE:BAM) traded up $0.69 during mid-day trading on Thursday, reaching $42.19. The company’s stock had a trading volume of 975,943 shares, compared to its average volume of 700,720. Brookfield Asset Management has a fifty-two week low of $32.41 and a fifty-two week high of $43.15. 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 stock has a market capitalization of $40,476.07, a P/E ratio of 93.76 and a beta of 1.04.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.18 per share. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, November 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.71%. Brookfield Asset Management’s dividend payout ratio is currently 124.45%.

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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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

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