04:45:25 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 987,294,409
Close 2016-10-03 C$ 46.40
Market Cap C$ 45,810,460,578
Recent Sedar Documents

Globe says Brookfield Asset keeps analysts on side

2016-10-03 07:17 ET - In the News

The Globe and Mail in its Monday edition highlights Brookfield Asset Management ($46.13). The Globe's Jennifer Dowty writes that shares of Brookfield Asset Management have outperformed the S&P/TSX composite index for the past four calendar years. Year-to-date, it is trailing the index, but has a respectable price return of 8 per cent. Brookfield is an asset-management firm, operating in more than 30 countries, with $250-billion in assets under management. The company pays a quarterly dividend of 13 U.S. cents a share, or 52 U.S. cents yearly, for a yield of 1.5 per cent. Eight firms have issued research reports since August: Seven are "buy" recommendations and one is a "hold" recommendation. The consensus funds from operations estimate is $2.15 (U.S.) in 2016, rising to $2.41 (U.S.) in 2017. Analysts' forecasts have been relatively stable, rising slightly since the beginning of this year. The average one-year target price is $52.89. On Aug. 16, board member Jack Cockwell sold 240,000 shares at a price of a little more than $45 a share. BAM's shares have been consolidating, trading sideways, largely between $40 and $47 since the beginning of 2015. There is upside initial overhead resistance at $48.

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