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Brookfield Asset Management Inc (BAM) Reached a 52-Week High

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02 July, 2017

Shares of Brookfield Asset Management (BAM) traded up 0.34% during trading on Thursday, hitting $38.27.

Stock market analysts watching Brookfield Asset Management Inc (NYSE:BAM) have recently changed their ratings on the stock. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned "Buy" rating by RBC Capital Markets on Tuesday, June 20. Beutel Goodman & Co Ltd. increased its stake in Brookfield Asset Management by 4.3% in the first quarter. M&T Bank Corp now owns 8,290 shares of the financial services provider's stock valued at $303,000 after buying an additional 535 shares in the last quarter. Fenimore Asset Management Inc. now owns 2,010,079 shares of the financial services provider's stock worth $73,287,000 after buying an additional 17,044 shares in the last quarter. As of the end of the quarter Cgov Asset Management had sold a total of 3,695 shares trimming its position 47.1%. Signaturefd LLC now owns 9,975 shares of the financial services provider's stock valued at $364,000 after buying an additional 45 shares in the last quarter. St James Investment Company Llc acquired 273,304 shares as Brookfield Asset Mgmt Inc (BAM)'s stock rose 0.35%. The stock had a trading volume of 46,765 shares. Principal Financial Group Inc who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $38.37 billion market cap company. The stock of Brookfield Asset Management Inc (NYSE:BAM) earned "Outperform" rating by Keefe Bruyette & Woods on Tuesday, May 24. They now have a Dollars 41 price target on the stock. The Company operates in eight segments: Asset Management, Property, Renewable power, Infrastructure, Private equity, Residential development, Service activities and Corporate activities. This capital includes publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. Finally, TD Securities reissued a "buy" rating on shares of Brookfield Asset Management in a report on Saturday, May 13th. Renaissance Technologies LLC now owns 396,375 shares of the financial services provider's stock valued at $13,079,000 after buying an additional 76,200 shares in the last quarter. (NYSE:BAM), 7 have Buy rating, 0 Sell and 0 Hold. The firm's 50-day moving average price is $37.94 and its 200 day moving average price is $36.00.

Receive Brookfield Asset Management Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management Inc with MarketBeat.com's FREE daily email newsletter. The financial services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.26. The firm's revenue was up 15.0% compared to the same quarter past year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were paid a dividend of $0.14 per share. Analysts expect next quarter's EPS to be $0.27 with next year's EPS anticipated to be $2.07.

ILLEGAL ACTIVITY WARNING: This news story was originally published by BBNS and is the sole property of of BBNS. The ex-dividend date of this dividend is Friday, May 26th. RBC Capital Markets upgraded the stock to "Top Pick" rating in Thursday, September 22 report. Finally, Laurel Wealth Advisors Inc. purchased a new stake in Brookfield Asset Management during the first quarter valued at about $237,000. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & worldwide copyright & trademark law. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.41%. Brookfield Asset Management's dividend payout ratio (DPR) is now 44.80%. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/06/29/brookfield-asset-management-inc-bam-stake-boosted-by-skandinaviska-enskilda-banken-ab-publ.html. Brookfield Asset Management Inc. had 17 analyst reports since August 10, 2015 according to SRatingsIntel.


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