Brookfield Asset Management Ltd (NYSE: BAM) is -1.59% lower 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 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 $53.82 in the last trading session, with the day’s loss setting it -0.49%.
Currently trading at $53.33, the stock is 9.31% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.44 million and changing -0.91% at the moment leaves the stock 5.77% off its SMA200. BAM registered 34.33% gain for a year compared to 6-month loss of 1.66%. The firm has a 50-day simple moving average (SMA 50) of $50.6122 and a 200-day simple moving average (SMA200) of $50.41975.
The stock witnessed a 10.07% gain in the last 1 month and extending the period to 3 months gives it a -13.09%, and is 5.42% 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 2.70% over the week and 4.92% over the month.
Brookfield Asset Management Ltd (BAM) has around 2500 employees, a market worth around $87.32B and $482.00M in sales. Current P/E ratio is 41.09 and Fwd P/E is 27.57. Profit margin for the company is 112.24%. Distance from 52-week low is 43.01% and -14.82% from its 52-week high. The company has generated returns on investments over the last 12 months (16.66%).
The EPS is expected to grow by 15.06% this year
830.0 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 93.34% of the company’s shares. The shares outstanding are 420.22M, and float is at 358.36M with Short Float at 3.21%. Institutions hold 89.81% 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 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 FMR LLC which holds 20.7 million shares representing 5.0088 and valued at over $787.93 million, while VANGUARD GROUP INC holds 3.9443 of the shares totaling 16.3 million with a market value of $620.33 million.
