TD Securities Issues Positive Forecast for Brookfield Asset Management (NYSE:BAM) Stock Price

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) had its target price lifted by TD Securities from $64.00 to $66.00 in a research report sent to investors on Monday,BayStreet.CA reports. TD Securities currently has a buy rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on the company. Scotiabank increased their target price on Brookfield Asset Management from $59.50 to $63.00 and gave the stock a “sector outperform” rating in a research report on Monday, February 3rd. BMO Capital Markets raised their price target on Brookfield Asset Management from $40.00 to $50.00 and gave the company a “market perform” rating in a report on Tuesday, November 5th. Royal Bank of Canada lifted their price objective on shares of Brookfield Asset Management from $55.00 to $68.00 and gave the company an “outperform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods cut their price objective on shares of Brookfield Asset Management from $57.00 to $56.00 and set an “underperform” rating on the stock in a research note on Monday, January 13th. Finally, StockNews.com cut shares of Brookfield Asset Management from a “hold” rating to a “sell” rating in a research note on Thursday, January 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $56.58.

Brookfield Asset Management Price Performance

Shares of NYSE BAM opened at $57.59 on Monday. Brookfield Asset Management has a 1-year low of $37.29 and a 1-year high of $62.61. The business’s fifty day moving average price is $56.48 and its two-hundred day moving average price is $50.65. The firm has a market capitalization of $25.52 billion, a PE ratio of 50.96, a P/E/G ratio of 2.18 and a beta of 1.46.

Institutional Investors Weigh In On Brookfield Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of BAM. Ritholtz Wealth Management bought a new stake in Brookfield Asset Management in the third quarter worth about $232,000. Procyon Advisors LLC increased its stake in Brookfield Asset Management by 4.2% in the 3rd quarter. Procyon Advisors LLC now owns 9,063 shares of the financial services provider’s stock worth $429,000 after purchasing an additional 366 shares in the last quarter. Creative Planning increased its stake in Brookfield Asset Management by 3.4% in the 3rd quarter. Creative Planning now owns 70,670 shares of the financial services provider’s stock worth $3,342,000 after purchasing an additional 2,313 shares in the last quarter. Schubert & Co purchased a new position in Brookfield Asset Management in the 3rd quarter worth about $216,000. Finally, Compass Ion Advisors LLC purchased a new position in Brookfield Asset Management in the 3rd quarter worth about $251,000. 68.41% of the stock is currently owned by institutional investors.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.