The stock of Brookfield Asset Management Ltd. (NYSE:BAM) decreased by -$0.27 on Tuesday to finish at $35.59, down -0.75 percent. The last five days have seen an average of 1,157,440 shares of common stock traded. The average number of shares traded over the last 20 days was 874,410, while the average volume over the last 50 days totaled 967,212.
BAM stock appreciated 5.99% since last month. On 08/22/23, the company’s shares reached a one-month low of $32.44. The stock touched a high of $36.50, after rallying from a low of $26.76 in 52 weeks. The price of BAM stock has risen by 24.14% or $6.92 this year, reaching a new high 19 times. Still, the stock price is down -2.49% from the 52-week high.
Insider Transactions
BAM stock investors should be aware that Brookfield Asset Management Ltd. (BAM) stock had its last reported insider trading activity 175 days ago on Mar 29. On Mar 29, Director Brookfield Multi-Strategy Mast sold 50,256 shares at $11.94 each. This transaction resulted in the insider making $599,805. On Mar 28, Brookfield Multi-Strategy Mast sold 24,744 shares at a price of US$11.96. After the transaction, the insider now owns 21,104,923 shares. BROOKFIELD ASSET MANAGEMENT IN had earlier sold 970,000 shares on Dec 01 for $24.53 a share. The transaction was completed for $23,794,100.
Valuation Metrics
Brookfield Asset Management Ltd. (BAM) has a trailing price-to-earnings (P/E) ratio of 7.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.66, the price-to-book (PB) ratio of 1.59.
Company paid $0.32 per share in dividends, remained unchanged from $0.32 last year. A $0.18 dividend increase was reported on Wednesday February 8 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.02, and the total debt to equity ratio is 0.02. Brookfield Asset Management Ltd.’s operating margin stood at 62.70% for the same period. Based on annual data, it had gross profit of $3.76 billion and revenue of $3.76 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BAM’s return on assets (ROA) during the last 12 months has been 10.60%. There was a 17.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.40%.
Earnings Surprise
According to Brookfield Asset Management Ltd.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Brookfield Asset Management Ltd.’s quarterly earnings would be $0.32, but it ended up being $0.32. EBITDA was -$3.0 million for the quarter. At the end of Brookfield Asset Management Ltd.’s most recent quarter ended June 29, its liabilities totaled 934.0 million, while its total debt was $124.0 million.
Technical Picture
Here’s a quick look at Brookfield Asset Management Ltd.’s (BAM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 59.76%, suggesting the stock is Neutral, with a 22.25% historical volatility rate.
The stochastic %K and %D were 86.06% and 86.99% respectively, while the average true range (ATR) was 0.76. Based on the 14-day stochastic reading of 74.03%, the RSI (14) reading is 59.41%. On the 9-day MACD Oscillator, the stock is at 0.45, and the 14-day reading is at 0.75.
Analyst Ratings
In its analyst report released on September 07, 2023, BofA Securities began covering Brookfield Asset Management Ltd. (NYSE: BAM). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Brookfield Asset Management Ltd. (BAM) an Overweight rating. BAM is a stock that is recommended for selling by 2 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is BAM’s price target for the next 12 months?
The current consensus forecast for the stock is between $21.00 and $48.00, with a median target price of $39.50. In analyzing these forecasts, the average price target given by analysts for Brookfield Asset Management Ltd. (BAM) is $37.70.
