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Friday, December 2, 2022

Analysts Point To Brookfield Asset Management Inc. (NYSE: BAM) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Brookfield Asset Management Inc. (BAM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.53, or -1.26%, to $41.65. Volume reached 18,138 shares, with price reaching a high of $44.32 and a low of $44.32. Recently, Yahoo Finance discussed the stock, revealing that Brookfield Reinsurance Announces Timing of Special General Meeting.


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Stocks Info

As a NYSE listed company, BAM falls under the Financial sector while operating within the Asset Management industry segment. At the end of the last regular session, the stock closed at $44.32 and fluctuated between $44.33 as its day high and $42.91 as its day low. The current market capitalization of Brookfield Asset Management Inc. is $68.93B. A total of 2.76 million shares were traded on the day, compared to an average of 1.48M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BAM has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 202 BUYs and 50 SELLs from insiders. Insiders purchased 15,560,523 shares during that period but sold 3,444,846.

In the most recent transaction, Opps TPIC Holdings, LLC sold 3,963,416 shares of BAM for 18.85 per share on Sep 08. After the transaction, the 10% Owner now owns 12,263 company shares. In a previous transaction on Aug 31, Opps TPIC Holdings, LLC sold 2,512 shares at 18.59 per share. BAM shares that 10% Owner owns now total 81,623.

Among the insiders who sold shares, OAKTREE CAPITAL MANAGEMENT LP disposed of 191,591 shares on Jun 02 at a per-share price of $11.30. This resulted in the 10% Owner holding 11,622,000 shares of BAM after the transaction. In another insider transaction, OAKTREE CAPITAL MANAGEMENT LP sold 435,048 shares at $11.33 per share on Jun 01. Company shares held by the 10% Owner now total 11,813,591.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Brookfield Asset Management Inc. pays an annual dividend of $0.56, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 19.34. BAM’s most recent ex-dividend date was 08/30/2022 when it declared a $0.14 quarterly dividend that was paid in cash on 09/29/2022. Previously, the company paid the dividend on 06/30/2022 with an ex-dividend date of 05/27/2022. The dividend was $0.14 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BAM in the last 3 months, the mean price target is $62.92 with high estimates of $73.00 and low estimates of $43.00. In terms of 52-week highs and lows, BAM has a high of $62.47 and a low of $40.25.

As of this writing, BAM has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.81 per share and a lower estimate of $0.81. The company reported an EPS of $0.84 in the last quarter, which was 15.07% higher than expectations of $0.73.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BAM is Hold with a score of 4.17. A total of 10 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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