Brookfield Asset Management Ltd (BAM) concluded trading on 12/14/23 at a closing price of $38.95, with 5.3 million shares of worth about $206.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.03% during that period and on Thursday the price saw a gain of about 3.84%. Currently the company’s common shares owned by public are about 412.20M shares, out of which, 332.49M shares are available for trading.
American Funds Income Fund of Ame, Washington Mutual Investors Fund, and American Funds New Perspective Fu are the top 3 mutual funds which are holding stakes in Brookfield Asset Management Ltd American Funds Income Fund of Ame is currently holding 18.97 million shares of worth totaling $543.76 million. The company recently came buying 4.05 million shares which brought its stake up to 4.60% of the company’s outstanding shares. Washington Mutual Investors Fund sold 35839.0 shares, after which its hold over company’s outstanding shares shrunk to 3.20%, leaving 13.21 million shares with the mutual fund that have a worth of about $378.7 million. American Funds New Perspective Fu, after buying 7.19 million shares, have now control over 1.74% of the stake in the company. It holds 0.0 shares of worth $206.16 million.
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Stock saw a price change of 8.07% in past 5 days and over the past one month there was a price change of 19.15%. Year-to-date (YTD), BAM shares are showing a performance of 35.86% which increased to 26.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.76 but also hit the highest price of $37.62 during that period. The average intraday trading volume for Brookfield Asset Management Ltd shares is 1.47 million. The stock is currently trading 11.59% above its 20-day simple moving average (SMA20), while that difference is up 19.29% for SMA50 and it goes to 18.85% higher than SMA200.
Brookfield Asset Management Ltd (NYSE: BAM) currently have 412.20M outstanding shares and institutions hold larger chunk of about 65.16% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $15.19B and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 8.04, while it has posted earnings per share of $4.84 in the same period. Its PEG reads 0.73 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BAM, volatility over the week remained 2.42% while standing at 2.34% over the month.
Analysts are in expectations that Brookfield Asset Management Ltd (BAM) stock would likely to be making an EPS of $0.33 in the current quarter, while forecast for next quarter EPS is $0.35 and it is $1.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.31 which is $0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.35 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 15.76% while it is estimated to increase by 14.07% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on October 06, 2023 offering a Buy rating for the stock and assigned a target price of $39 to it.
