Brookfield Asset Management Inc. (BAM)

NYSE: BAM · IEX Real-Time Price · USD
42.02
+0.22 (0.53%)
Mar 28, 2024, 4:00 PM EDT - Market closed
0.53%
Market Cap 16.25B
Revenue (ttm) 4.06B
Net Income (ttm) 1.84B
Shares Out 414.48M
EPS (ttm) 1.13
PE Ratio 37.16
Forward PE 27.32
Dividend $1.52 (3.62%)
Ex-Dividend Date Feb 28, 2024
Volume 761,363
Open 41.80
Previous Close 41.80
Day's Range 41.55 - 42.08
52-Week Range 28.35 - 43.00
Beta 1.42
Analysts Buy
Price Target 41.86 (-0.38%)
Earnings Date May 8, 2024

About BAM

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors. In addition, its private equity business offers industrial, infrastructure, and business services sectors; and real estate business, which includes hous... [Read more]

Sector Financials
CEO James Bruce Flatt
Employees 2,500
Stock Exchange NYSE
Ticker Symbol BAM
Full Company Profile

Financial Performance

In 2023, BAM's revenue was $4.06 billion, an increase of 11.99% compared to the previous year's $3.63 billion. Earnings were $1.84 billion, a decrease of -3.97%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for BAM stock is "Buy." The 12-month stock price forecast is $41.86, which is a decrease of -0.38% from the latest price.

Price Target
$41.86
(-0.38% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Brookfield Asset Management Completes Annual Filings and Announces Management Changes

BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) --  Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that it has filed its 2023 annual materials on Form 40-F, including its audited f...

9 days ago - GlobeNewsWire

Here's why private equity stocks like APO, BAM, Ares, OWL have soared

Wall Street has been amazed by the recent surge in technology stocks like Nvidia and Super Micro Computer. All these stocks have surged to a record high because of the ongoing demand for artificial in...

Other symbols: APOARESOWL
4 weeks ago - Invezz

Brookfield CEO on Creating a Strategy for Financial Infrastructure

Brookfield plans to start a pool that invests in financial infrastructure, such as payments systems, as demand for the asset class grows. "We're creating a strategy for financial infrastructure becaus...

5 weeks ago - Bloomberg Markets and Finance

Brookfield Asset Management (BAM) stock is nearing ATH: is it a buy?

Private equity companies are doing well, with some of them trading at a record high. Brookfield Asset Management (BAM) stock price was trading at $41 on Friday, a few points below its all-time high of...

6 weeks ago - Invezz

Brookfield Asset Management Announces Strong Fourth Quarter Results and 19% Dividend Increase

$93 Billion of Capital Inflows, Prior to AEL Transaction $107 Billion of Dry Powder Available to Deploy BROOKFIELD, NEWS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM,...

7 weeks ago - GlobeNewsWire

Brookfield Announces $10 Billion First Closing for Second Brookfield Global Transition Fund

World's largest private fund dedicated to investing in the net zero economy On track to exceed previous transition fund size BROOKFIELD, NEWS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Manage...

7 weeks ago - GlobeNewsWire

Scout Signs Virtual Power Purchase Agreement with AdventHealth for Texas Wind Farm

Agreement expected to support 40 percent of AdventHealth's electricity needs BOULDER, Colo. , Feb. 1, 2024 /PRNewswire/ -- Scout Clean Energy (Scout), a Colorado based renewable energy developer-owner...

2 months ago - PRNewsWire

Brookfield Asset Management Ltd. Sets Fourth Quarter 2023 Results Conference Call

BROOKFIELD, NEWS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is set to publish its financial results for the fourth quarter 2023 on Wednesday, February 7,...

2 months ago - GlobeNewsWire

New INVL Asset Management fund will invest in funds managed by Brookfield Asset Management, one of the world's largest real estate management companies

INVL Asset Management, the leading Baltic alternative asset manager, has established a new fund of funds intended for informed investors which will invest in funds of Brookfield Asset Management. Thes...

2 months ago - GlobeNewsWire

Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

BROOKFIELD, NEWS, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“Brookfield Asset Management”) today announced it has received approval from the Toronto Sto...

2 months ago - GlobeNewsWire

American Tower Completes Strategic Review, Announces Agreement to Sell Operations in India to Brookfield

BOSTON--(BUSINESS WIRE)--American Tower Corporation (NYSE: AMT) (“American Tower”) has signed a definitive agreement with Data Infrastructure Trust (“DIT”), an Infrastructure Investment Trust sponsore...

Other symbols: AMT
2 months ago - Business Wire

Canada Growth Fund Announces Strategic Investment in Entropy Inc. and Carbon Credit Offtake Commitment

BROOKFIELD, NEWS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Canada Growth Fund Inc. ("CGF") and Advantage Energy Ltd. (TSX: AAV) ("Advantage") today ...

3 months ago - GlobeNewsWire

Brookfield and Everise Announce the Successful Closure of Investment by Warburg Pincus, for the Next Phase of Growth

BROOKFIELD, NEWS, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Everise, a leading global healthcare services outsourcing company, announced today the su...

3 months ago - GlobeNewsWire

EVERISE ANNOUNCES SUCCESSFUL CLOSURE OF INVESTMENT BY WARBURG PINCUS, JOINING BROOKFIELD FOR THE NEXT PHASE OF GROWTH

NEW YORK, SINGAPORE and MUMBAI, Dec. 20, 2023 /PRNewswire/ -- Everise, a leading global healthcare services outsourcing company, announced today the successful completion of the company's previously a...

Other symbols: BBU
3 months ago - PRNewsWire

Brookfield evaluating potential next steps after Origin Energy shareholders reject buyout plan

Brookfield Asset Management BAM, +2.94% BAM, +2.38% and Brookfield Renewable Partners BEP, +4.64% BEP.UT, +4.32% said they will evaluate their next steps, if any, after Origin Energy Ltd. ORG, -3.91% ...

4 months ago - Market Watch

Origin Energy Investors Vote Against Brookfield-Led $12.8 Billion Takover Bid

Shareholders of Australian utility Origin Energy Ltd. voted against the Brookfield Asset Management-led A$19.1 billion ($12.8 billion) takeover offer at a meeting Monday.

4 months ago - Bloomberg Markets and Finance

Origin investors reject Brookfield's $10.6 bln bid on proxy votes

Origin Energy's investors have rejected a $10.6 billion Brookfield-led consortium's bid for Australia's largest power retailer at a shareholder meeting on Monday.

4 months ago - Reuters

Brookfield's $10.6 billion bid for Origin EnergyOrigin Energy expected to fail on Monday

The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the count...

4 months ago - Reuters

Brookfield Asset Management raises $30 billion for private infrastructure investments

Brookfield Asset Management Ltd. BAM, -1.82% said Friday it drew in $30 billion in investor commitments for Brookfield Infrastructure Fund V, its flagship global infrastructure vehicle and the largest...

4 months ago - Market Watch

Brookfield Raises Record $30 Billion For Flagship Infrastructure Strategy

BROOKFIELD, NEWS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) announced today the closing of its flagship global infrastructure equity fund, Brookfield Infrastructure ...

4 months ago - GlobeNewsWire

Brookfield Launches Emerging Markets Transition Fund with Anchor Commitment from ALTÉRRA Alongside Investment in the Brookfield Global Transition Fund; Both Funds to Help Deploy Over $20 Billion in Climate Initiatives

UAE's newly launched ALTÉRRA joins forces with Brookfield to enable the creation of a multi-billion catalytic fund to accelerate global energy transition

4 months ago - GlobeNewsWire

Brookfield to consider new Australia energy policy impact if Origin bid fails

Brookfield said on Friday it would consider the implications of Australia's new green energy policy on Origin Energy before making a new offer should its $10.6 billion bid for the firm be voted down b...

4 months ago - Reuters

Brookfield Asset Management to Present at the Goldman Sachs U.S. Financial Services Conference

BROOKFIELD, NEWS, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman S...

4 months ago - GlobeNewsWire

Why wealthy investors put $125 billion into this new type of private-equity fund last year

Private-equity funds aimed at wealthy individuals continue to draw in fresh capital as the universe of alternative investments grows beyond its roots serving endowments, pension funds and other instit...

Other symbols: HLNEKKR
4 months ago - Market Watch

Brookfield Expands its Operations in Germany with a New Frankfurt Office

BROOKFIELD, NEWS, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) announced today the opening of its new Frankfurt office. The new office reinforces Brookfield's long-term...

4 months ago - GlobeNewsWire