Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM.A)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity in a research note issued to investors on Monday. They currently have a $47.00 price objective on the financial services provider’s stock. Canaccord Genuity’s price objective points to a potential upside of 13.80% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Citigroup Inc. increased their price objective on Brookfield Asset Management from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, August 15th. TD Securities increased their price target on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Royal Bank Of Canada restated a “buy” rating and issued a $42.00 price target on shares of Brookfield Asset Management in a research report on Tuesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $45.00 price objective on shares of Brookfield Asset Management in a report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $44.50.

Brookfield Asset Management (NYSE BAM) traded up 0.41% on Monday, hitting $41.47. The company had a trading volume of 346,296 shares. The stock has a market cap of $39.76 billion, a P/E ratio of 32.17 and a beta of 1.04. The firm’s 50 day moving average price is $39.10 and its 200 day moving average price is $38.06. Brookfield Asset Management has a 12-month low of $32.04 and a 12-month high of $41.72.

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last issued its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.28). Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $5.27 billion. Brookfield Asset Management’s quarterly revenue was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Equities analysts predict that Brookfield Asset Management will post $1.18 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Brookfield Asset Management Inc (BAM) Receives Buy Rating from Canaccord Genuity” was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.watchlistnews.com/brookfield-asset-management-inc-bam-receives-buy-rating-from-canaccord-genuity/1603660.html.

A number of large investors have recently added to or reduced their stakes in BAM. FMR LLC increased its holdings in shares of Brookfield Asset Management by 18.9% during the second quarter. FMR LLC now owns 25,066,960 shares of the financial services provider’s stock worth $983,697,000 after buying an additional 3,980,816 shares in the last quarter. CIBC Asset Management Inc increased its holdings in Brookfield Asset Management by 58.7% during the 2nd quarter. CIBC Asset Management Inc now owns 9,445,056 shares of the financial services provider’s stock valued at $370,221,000 after purchasing an additional 3,491,780 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Brookfield Asset Management by 212.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,758,937 shares of the financial services provider’s stock valued at $108,110,000 after purchasing an additional 1,874,577 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Brookfield Asset Management by 306.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,220,656 shares of the financial services provider’s stock valued at $86,913,000 after purchasing an additional 1,673,944 shares in the last quarter. Finally, Mcdonald Capital Investors Inc. CA acquired a new stake in Brookfield Asset Management during the 2nd quarter valued at $35,621,000. Hedge funds and other institutional investors own 53.73% of the company’s stock.

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.

Analyst Recommendations for Brookfield Asset Management (NYSE:BAM)

Receive News & Ratings for Brookfield Asset Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.