Stock on Demand This Week: Brookfield Asset Management Inc. (BAM)

Brookfield Asset Management Inc. (NYSE:BAM) saw an upside of 0.32% to close Tuesday at $56.40 after adding $0.18 on the day. The 5-day average trading volume is 1,224,760 shares of the company’s common stock. It has gained $56.65 in the past week. An average of 1,901,905 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,104,650.

BAM’s 1-month performance is 1.09% or $1.31 on its low of $51.70 reached on 09/20/21. The company’s shares have touched a 52-week low of $28.89 and high of $57.83, with the stock’s rally to the 52-week high happening on 08/10/21. YTD, BAM has achieved 37.62% or $15.13. However, the current price is down -2.47%% from the 52-week high price.


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Insider Transactions

On Oct 19, 359 days have gone by since the last insider trading activity for Brookfield Asset Management Inc. (BAM). ATI Investment Parent, LLC (10% Owner) most recently sold 47,625,000 shares at $22.00 per share on Oct 19. This transaction cost the insider $1,047,750,000.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 97.80 and a low of 11.01. BAM stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.29 while the price-to-book (PB) in the most recent quarter is 2.55, with the price to cash flow ratio at 44.18.

Brookfield Asset Management Inc. pays an annual dividend of $0.52 per share. Its dividend yield is 0.92% and the payout ratio is 27.70%. BAM’s most recent quarterly dividend payment was made on Sep. 29, when it paid $0.13 a share compared with prior rate of $0.13, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend increase of $0.01 reported on Thursday February 11 2021. Measured over the last 3 years, the Dividend has been growing by -3.57% yearly.

It is projected that Brookfield Asset Management Inc.’s next ex-dividend date will be on 29-Nov. BAM is expected to distribute $0.13 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 4.56, while the total debt to equity was 4.56. In terms of profitability, the gross margin trailing 12 months is 24.40%. while for the period ending June 29; Brookfield Asset Management Inc.’s operating margin was 14.90%. The firm’s gross profit as reported stood at $15.37 billion against revenue of $62.75 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Brookfield Asset Management Inc.’s cash and short-term investments amounted to $1.69 billion against total debt of $152.27 billion. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BAM to announce $0.75 per share in earnings in its latest quarter, but it posted $0.49, representing a -34.70% surprise. EBITDA for the quarter stood at more than $4.26 billion. BAM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 223.28 billion, with total debt at $152.27 billion

Technical Picture

Let’s look briefly at Brookfield Asset Management Inc. (BAM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 62.17% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.52%.

The stock’s 5-day moving average is $55.81, reflecting a +3.98% or $2.16 change from its current price. BAM is currently trading +2.17% above its 20-day SMA, +14.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +4.25% and +37.86% respectively.

Stochastic %K and %D was 91.10% and 85.15% and the average true range (ATR) pointed at 1.12. The RSI (14) points at 57.53%, while the 14-day stochastic is at 92.84% with the period’s ATR at 1.14. The stock’s 9-day MACD Oscillator is pointing at 1.28 and 1.29 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BAM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BAM as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

What is BAM’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $54.00 and a high of $71.00, with their median price target at $64.50. Looking at these predictions, the average price target given by analysts is for Brookfield Asset Management Inc. (BAM) stock is $63.71.

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