Headlines about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Brookfield Asset Management earned a news impact score of 0.20 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 46.5408588376981 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern’s rankings:
- Brookfield CEO Flatt on Challenges and Opportunities (finance.yahoo.com)
- Reuters: Brookfield considers higher bid for Brazil’s Renova – Seeking Alpha (seekingalpha.com)
- Exclusive: Brookfield mulls raising bid for Brazil’s Renova – sources (reuters.com)
- Exclusive: Brookfield mulls raising bid for Brazil’s Renova, sources say (reuters.com)
- Brookfield Asset Management Inc (BAM) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
Brookfield Asset Management (BAM) traded up 1.25% during midday trading on Wednesday, reaching $40.64. 810,589 shares of the company’s stock were exchanged. The company has a market cap of $38.96 billion, a price-to-earnings ratio of 31.53 and a beta of 1.03. Brookfield Asset Management has a 52 week low of $32.04 and a 52 week high of $40.67. The firm has a 50-day moving average price of $39.10 and a 200 day moving average price of $38.06.
Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) last released its quarterly earnings data on Thursday, August 10th. The financial services provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.28). The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $5.27 billion. Brookfield Asset Management had a return on equity of 2.10% and a net margin of 4.87%. The firm’s revenue for the quarter was up 58.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Analysts anticipate that Brookfield Asset Management will post $1.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.56 annualized dividend and a dividend yield of 1.38%. Brookfield Asset Management’s dividend payout ratio is presently 43.75%.
BAM has been the topic of several analyst reports. Citigroup Inc. increased their target price on shares of Brookfield Asset Management from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Canaccord Genuity reissued a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a research report on Friday, August 11th. TD Securities increased their target price on shares of Brookfield Asset Management from $47.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub raised shares of Brookfield Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $42.00 target price on shares of Brookfield Asset Management in a research report on Tuesday, June 20th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus price target of $43.56.
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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.
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