Brookfield Asset Management (NYSE:BAM) Issues Earnings Results

Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) issued its quarterly earnings results on Friday. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01, Zacks reports. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $1.60 billion. Brookfield Asset Management had a return on equity of 31.50% and a net margin of 48.89%.

Here are the key takeaways from Brookfield Asset Management’s conference call:

• Fee-bearing capital grew 13% year over year to $682 billion, while fee-related earnings and distributable earnings each rose 15% in the quarter. Management attributed the growth to fundraising and deployment, with earnings largely supported by recurring fees.
• Infrastructure fundraising was especially strong: Brookfield raised or received about $50 billion in commitments over the past year, including $26 billion for its latest flagship fund, which management expects to exceed its $30 billion target. The firm also cited growing demand for AI infrastructure, where it says it commits capital only after securing key contracts, permits, equipment, and community support.
• Management expects fundraising to remain strong in 2027, with a baseline of more than $100 billion, and sees credit as an outsized growth driver. It pointed to Oaktree, Brookfield Wealth Solutions, partner managers, and planned real estate and opportunistic credit fund launches as contributors.
• Brookfield recorded $48 million of net realized carry this quarter, its first meaningful realization attributable to shareholders since the spin-out. Management said realizations may remain episodic, but estimated about $3 billion of net carry from 2029–2031 if funds meet targets, followed by an average of more than $2 billion annually from 2032–2037.
• Management expects 2026 earnings to be modestly below its original expectations, mainly because fees from the latest infrastructure flagship will begin in January and Brookfield will not earn its BBU performance fee this year. It characterized both as timing effects rather than deterioration in the underlying businesses.

Brookfield Asset Management Stock Up 1.0%

Shares of NYSE:BAM traded up $0.54 during mid-day trading on Friday, hitting $53.00. 7,966,901 shares of the company traded hands, compared to its average volume of 2,828,520. The stock has a market cap of $86.82 billion, a P/E ratio of 30.81, a P/E/G ratio of 2.17 and a beta of 1.27. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.06. Brookfield Asset Management has a 12-month low of $42.20 and a 12-month high of $55.97. The stock has a 50-day moving average price of $47.18 and a two-hundred day moving average price of $47.86.

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, November 30th will be given a dividend of $0.5025 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.01 annualized dividend and a dividend yield of 3.8%. Brookfield Asset Management’s payout ratio is presently 116.86%.

Key Brookfield Asset Management News

Here are the key news stories impacting Brookfield Asset Management this week:

• Positive Sentiment: BAM raised $25 billion in the third quarter and $123 billion year to date. Fee-related earnings and distributable earnings each increased 15% year over year, to $864 million and $763 million, respectively. Brookfield Asset Management Announces Strong Third Quarter Results
• Positive Sentiment: Quarterly earnings were $0.47 per share, roughly in line with or slightly above analyst expectations, while revenue of $2.15 billion exceeded the cited $1.60 billion consensus estimate. Quarterly earnings report
• Positive Sentiment: Fundraising momentum is being led by infrastructure, as investors seek real assets. The company is targeting more than $30 billion for its infrastructure flagship in early 2027; anticipated net carried interest of about $3 billion in 2029–2031 could provide a longer-term earnings tailwind. Brookfield infrastructure fundraising and carry outlook
• Neutral Sentiment: CEO Bruce Flatt said community support is important to expanding AI infrastructure. The opportunity could benefit the platform, though local acceptance may be a key factor in project development. CEO comments on community support and AI infrastructure

Wall Street Analysts Forecast Growth

BAM has been the subject of a number of research analyst reports. Weiss Ratings raised Brookfield Asset Management from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Scotia increased their price target on Brookfield Asset Management from $57.00 to $59.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 6th. Piper Sandler set a $49.00 price target on shares of Brookfield Asset Management and gave the company a “neutral” rating in a research report on Monday, October 19th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Brookfield Asset Management from $48.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Finally, UBS Group dropped their price objective on shares of Brookfield Asset Management from $55.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.91.

Brookfield Asset Management Company Profile

Brookfield Asset Management is a global alternative asset manager that invests in and manages assets on behalf of institutional and private wealth clients. Its investment strategies span infrastructure, renewable power and transition, private equity, real estate, and credit.

The company operates across North America, South America, Europe, the Middle East, and Asia-Pacific. Its businesses invest in and manage assets such as energy and transportation infrastructure, renewable power facilities, real estate, and companies across a range of industries.

Brookfield Asset Management became a separately listed company in 2022, following the separation of Brookfield Corporation’s asset management business.