Brookfield Asset Management Inc. (NYSE: BAM) declares a quarterly dividend of $0.14 per share.

On Thursday, Nov. 10, Brookfield Asset Management Inc. (BAM) (TSE: BAM.A) announced that it would institute a quarterly dividend, as reported by Zacks. Accordingly, on Friday, December 30, the financial services company will distribute a dividend payment of $0.14 per share to shareholders of record the previous Wednesday, November 30. This corresponds to a dividend payment of $0.56 per year and a dividend yield of 1.19%. This dividend is paid quarterly. The dividend payment is scheduled for November 29.

The dividend payout made by Brookfield Asset Management has declined by an average of 4.7% per year over the previous three years, but has increased over the past ten consecutive years. The dividend payout ratio for Brookfield Asset Management is 16.4%, indicating that the dividend is fully covered by earnings and should continue to be paid. With a forward-looking payout ratio of 16.6%, Brookfield Asset Management is expected to earn $3.38 per share in 2019, which is enough to cover its annual dividend payment of $0.56 per share.
On Friday, BAM stock rose $2.33 to $47.04 per share. 91,625 shares changed hands, for an average volume of 3,196,348 shares. The company’s market capitalization is $76.19 billion, the stock price-earnings ratio is 20.04, and the beta value is 1.27. There is a ratio of 1.44 debt to equity, a ratio of 1.31 debt to current assets and a ratio of 1.11 debt to quick assets. The company now has a 50-day moving average of $42.80, and its 200-day moving average is $46.29. Brookfield Asset Management’s lowest price in the past year was $36.33 and its highest price was $62.47.

Brookfield Asset Management’s most recent earnings report, published on the NYSE and the Toronto Stock Exchange under the symbol BAM.A, was released Aug. 11. The financial services company reported earnings of $0.34 per share for the quarter, lower than the average estimate of $0.73 per share of $0.39. Additionally, the financial services company reported earnings of $0.34 per share for the quarter, below the consensus estimate of $0.73 per share. The company’s actual sales were $23.26 billion for the quarter, which was significantly higher than the consensus forecast of $19.42 billion. Brookfield Asset Management’s return on equity was 3.02% and the company’s net margin was 4.48%. During the same period as the previous year, the company generated earnings of $1.01 per share. According to recent research results, Brookfield Asset Management will generate earnings of $2.98 per share in the current fiscal year.

Several research companies have published studies on BAM. Royal Bank of Canada raised its target price for Brookfield Asset Management shares from $62.00 to $63.00. He gave the company an “outperforming” rating in a research report released on Friday. Deutsche Bank Aktiengesellschaft lowered its price target on Brookfield Asset Management from $52.00 to $44.00 and gave the stock a “holding” rating in a research report released Wednesday, October 12. TD Securities raised its price target on Brookfield Asset Management from $72.00 to $73.00 and gave the company a “stock listing buy” rating in a research note released Thursday, September 15. Finally, a research note focusing on Brookfield Asset Management was published by StockNews.com on October 12, marking the start of the website’s coverage of the company. . They recommended that investors “sell” the company’s shares. The stock has been assigned a sell rating by an equity research analyst, a hold rating of two, a buy rating of four, and a strong buy rating by a research analyst. The consensus recommendation for Brookfield Asset Management is “Moderate Buy” and the price target for the company is $64.33, according to data provided by Bloomberg.

In other Brookfield Asset Management news, on Friday, October 7, a major shareholder known as Oaktree Capital Management Lp sold one million shares of the company. At an average price of $9.00 per share, the stock was able to fetch a total of $9,000,000.00 when it went on sale. Following the sale, the insider now owns 10,622,000 shares of the company, which have a total value of $95,598,000. The transaction was disclosed in a legal filing filed with the Securities and Exchange Commission (SEC), and that filing can be located on the SEC’s website. In other related news, a major shareholder in the company, Oaktree Capital Management Lp, sold one million shares of the company on Oct. 7. At an average price of $9.00 per share, the stock was able to earn a total of $9,000,000.00. when it went on sale. As a result of the transaction, the insider now owns 10,622,000 shares of the company, with a total value of $95,598,000. The transaction was brought to the attention of the Securities and Exchange Commission through a filing, which was later made publicly available on the SEC’s website. Additionally, the largest shareholder, Opps Topic Holdings, Llc, sold 3,963,416 shares of the company on Thursday, September 8. At an average price of $18.85 per share, the stock fetched a total of $74,710,391.60 when it was finally sold. Following the completion of the transaction, the insider now owns 12,263 shares of the company, which are worth approximately $231,157.55. The disclosure of this sale can be found here. During the last fiscal year, business insiders disposed of 8,788,416 shares with a total value of $117,322,892. Currently, business insiders hold 11.0% of the company’s total shares.

Recently, several hedge funds have adjusted the stocks they currently hold. American Century Companies, Inc. increased its holdings in Brookfield Asset Management by 0.7% in the first quarter of this year. Following the purchase of 268 additional shares during the last fiscal quarter, American Century Companies Inc. currently has a total of 38,228 shares held by the financial services provider, which are worth $2,161,000. The percentage stake in Brookfield Asset Management held by BNP Paribas Arbitrage SA increased to 35.5% during the second quarter. After purchasing an additional 277 shares in the previous quarter, BNP Paribas Arbitrage SA now owns 1,057 shares in the company held by the financial services provider. The current value of these shares is $47,000. Additionally, Guardian Wealth Management Inc. increased its holdings in Brookfield Asset Management by 0.6% in the first three months of the year. After acquiring 313 shares in the previous quarter, Guardian Wealth Management Inc. currently owns 54,530 shares of the company, which have a combined market value of $3,085,000. The percentage stake in Brookfield Asset Management held by Captrust Financial Advisors increased 2.5% during the first quarter. Following the acquisition of an additional 479 shares in the last fiscal quarter, Captrust Financial Advisors currently owns 19,877 shares held by the financial services provider, which have a combined value of $1,125,000.
Finally, Gamco Investors increased its holdings in Brookfield Asset Management by 1.3% in the first three months of the year. Following the acquisition of an additional 600 shares during the last quarter, Gamco Investors Inc., together with its subsidiaries, currently owns a total of 45,800 shares held by the financial services provider, with an estimated market value of 2,591,000 $. Institutional investors hold the shares of the company at 59.54% of the total.

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