Brookfield Asset Management Ltd (NYSE: BAM) is -0.05% lower on its value in year-to-date trading and has touched a low of $28.35 and a high of $44.38 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAM stock was last observed hovering at around $39.91 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $40.15, the stock is -1.63% and 0.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.62 million and changing 0.60% at the moment leaves the stock 2.77% off its SMA200. BAM registered 20.53% gain for a year compared to 6-month gain of -1.04%.
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The stock witnessed a -4.68% loss in the last 1 month and extending the period to 3 months gives it a -0.86%, and is -1.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.54% over the week and 2.67% over the month.
Brookfield Asset Management Ltd (BAM) has around 2400 employees, a market worth around $16.85B and $390.00M in sales. Current P/E ratio is 36.13 and Fwd P/E is 24.18. Profit margin for the company is 113.59%. Distance from 52-week low is 41.62% and -9.53% from its 52-week high. The company has generated returns on investments over the last 12 months (13.72%).
The EPS is expected to grow by 2.56% this year
776.0 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 81.57% of the company’s shares. The shares outstanding are 388.73M, and float is at 354.84M with Short Float at 2.68%. Institutions hold 69.92% of the Float.
The top institutional shareholder in the company is PARTNERS VALUE INVESTMENTS LP with over 30.81 million shares valued at $1.29 billion. The investor’s holdings represent 7.853 of the BAM Shares outstanding. As of 2024-03-31, the second largest holder is CAPITAL WORLD INVESTORS with 24.52 million shares valued at $1.03 billion to account for 6.2512 of the shares outstanding. The other top investors are FMR LLC which holds 19.99 million shares representing 5.0945 and valued at over $839.7 million, while ROYAL BANK OF CANADA holds 4.1326 of the shares totaling 16.21 million with a market value of $681.25 million.
