Brookfield Asset Management Ltd (NYSE: BAM) is 41.80% higher on its value in year-to-date trading and has touched a low of $30.59 and a high of $57.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BAM stock was last observed hovering at around $55.57 in the last trading session, with the day’s gains setting it 1.39%.
Currently trading at $56.96, the stock is 9.70% and 19.21% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.7 million and changing 2.50% at the moment leaves the stock 35.37% off its SMA200. BAM registered 82.62% gain for a year compared to 6-month gain of 45.49%. The firm has a 50-day simple moving average (SMA 50) of $47.4816 and a 200-day simple moving average (SMA200) of $41.98795.
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The stock witnessed a 21.11% loss in the last 1 month and extending the period to 3 months gives it a 43.73%, and is 5.87% up 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 3.65% over the week and 2.39% over the month.
Brookfield Asset Management Ltd (BAM) has around 2400 employees, a market worth around $33.00B and $352.00M in sales. Current P/E ratio is 51.50 and Fwd P/E is 33.46. Profit margin for the company is 127.84%. Distance from 52-week low is 86.20% and -0.70% from its 52-week high. The company has generated returns on investments over the last 12 months (13.85%).
The EPS is expected to grow by 4.89% this year
787.0 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 81.86% of the company’s shares. The shares outstanding are 388.73M, and float is at 350.32M with Short Float at 2.68%. Institutions hold 70.32% of the Float.
The top institutional shareholder in the company is PARTNERS VALUE INVESTMENTS LP with over 30.81 million shares valued at $1.17 billion. The investor’s holdings represent 10.3061 of the BAM Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 23.75 million shares valued at $903.65 million to account for 7.9443 of the shares outstanding. The other top investors are FMR LLC which holds 20.7 million shares representing 6.9257 and valued at over $787.93 million, while VANGUARD GROUP INC holds 5.4538 of the shares totaling 16.3 million with a market value of $620.33 million.
