Press coverage about Brookfield Asset Management (NYSE:BAM) (TSE:BAM.A) has trended positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Brookfield Asset Management earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.9707051808023 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s analysis:
- Brookfield Asset Management Announces Pricing of US$650 Million 3.900% Notes… (culthub.com)
- Financial Sector Update for 01/11/2018: AIG, PAY, BABA, XL, TCAP … – Nasdaq (nasdaq.com)
- Brookfield Asset Management Announces Proposed Offering of Notes – GlobeNewswire (press release) (globenewswire.com)
- Brookfield Asset Management Announces Pricing of US$650 Million 3.900% Notes Due January 25, 2028 and US$350 Million Re-Opening of 4.700% Notes Due September 20, 2047 (finance.yahoo.com)
- Financial Sector Update for 01/11/2018: PAY,BABA,XL,TCAP,RGA,RNR,BAM – Nasdaq (nasdaq.com)
Shares of Brookfield Asset Management (NYSE BAM) traded up $0.24 on Friday, hitting $42.75. The company had a trading volume of 1,265,480 shares, compared to its average volume of 1,125,722. The company has a quick ratio of 1.01, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The stock has a market cap of $42,280.00, a price-to-earnings ratio of 92.93 and a beta of 1.05. Brookfield Asset Management has a twelve month low of $33.51 and a twelve month high of $44.33.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Thursday, November 30th were given a $0.18 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Wednesday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is 121.74%.
BAM has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Brookfield Asset Management in a research report on Thursday, September 28th. ValuEngine lowered Brookfield Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $47.00 target price on shares of Brookfield Asset Management in a research report on Monday, October 2nd. Scotiabank increased their target price on Brookfield Asset Management from $42.75 to $56.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Citigroup cut their target price on Brookfield Asset Management from $50.00 to $49.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Brookfield Asset Management presently has an average rating of “Buy” and an average target price of $47.00.
About Brookfield Asset Management
Brookfield Asset Management Inc is an alternative asset manager. The Company operates in eight segments. The Asset Management segment manages its listed partnerships, private funds and public markets on behalf of its clients. The Property segment includes the ownership, operation and development of office, retail and other properties.
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