Brookfield Asset Management (TSE:BAM) Releases Earnings Results

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) released its quarterly earnings data on Friday. The company reported C$0.53 earnings per share (EPS) for the quarter, FiscalAI reports. Brookfield Asset Management had a net margin of 50.81% and a return on equity of 29.19%. The firm had revenue of C$1.98 billion for the quarter.

Brookfield Asset Management Price Performance

Shares of BAM opened at C$68.01 on Friday. The company has a market cap of C$111.41 billion, a price-to-earnings ratio of 44.16, a price-to-earnings-growth ratio of 0.43 and a beta of 1.31. Brookfield Asset Management has a twelve month low of C$58.09 and a twelve month high of C$88.12. The company has a quick ratio of 0.95, a current ratio of 1.68 and a debt-to-equity ratio of 34.11. The company has a 50 day moving average of C$62.99 and a two-hundred day moving average of C$69.20.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a $0.5025 dividend. This represents a $2.01 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, February 27th. Brookfield Asset Management’s dividend payout ratio (DPR) is 113.64%.

Analyst Upgrades and Downgrades

BAM has been the topic of a number of recent research reports. BMO Capital Markets upgraded shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. TD Securities dropped their price objective on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a research note on Tuesday, January 27th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$75.00.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.