Brookfield Asset Management Ltd (NYSE: BAM) is 3.73% higher on its value in year-to-date trading and has touched a low of $37.29 and a high of $62.61 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 $57.43 in the last trading session, with the day’s loss setting it -1.22%.
Currently trading at $56.21, the stock is -3.43% and -1.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -2.12% at the moment leaves the stock 16.68% off its SMA200. BAM registered 36.90% gain for a year compared to 6-month gain of 34.80%.
The stock witnessed a -7.99% loss in the last 1 month and extending the period to 3 months gives it a 1.33%, and is -6.78% 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 3.54% over the week and 2.92% over the month.
Brookfield Asset Management Ltd (BAM) has around 2400 employees, a market worth around $23.59B and $522.00M in sales. Current P/E ratio is 51.11 and Fwd P/E is 28.50. Profit margin for the company is 86.21%. Distance from 52-week low is 50.74% and -10.22% from its 52-week high. The company has generated returns on investments over the last 12 months (13.99%).
with sales reaching $1.27B over the same period.The EPS is expected to grow by 15.71% this year, but quarterly earnings will post 33.54% year-over-year. Quarterly sales are estimated to grow 44.08% in year-over-year returns.
The shares outstanding are 419.63M, and float is at 128.58M with Short Float at 8.38%.
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 7.4535 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 5.7455 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.3 million shares representing 5.4538 and valued at over $620.33 million, while FMR LLC holds 5.0088 of the shares totaling 20.7 million with a market value of $787.93 million.
