Brookfield Asset Management Ltd (NYSE: BAM) is 1.59% 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 $57.53 in the last trading session, with the day’s loss setting it -2.48%.
Currently trading at $55.05, the stock is -4.01% and 3.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.07 million and changing -4.31% at the moment leaves the stock 4.77% off its SMA200. BAM registered 38.94% gain for a year compared to 6-month loss of -4.24%. The firm has a 50-day simple moving average (SMA 50) of $53.1036 and a 200-day simple moving average (SMA200) of $52.5428.
The stock witnessed a -3.20% gain in the last 1 month and extending the period to 3 months gives it a 17.40%, and is -1.85% 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 2.62% over the week and 1.62% over the month.
Brookfield Asset Management Ltd (BAM) has around 2500 employees, a market worth around $88.77B and $1.42B in sales. Current P/E ratio is 39.37 and Fwd P/E is 28.83. Profit margin for the company is 71.88%. Distance from 52-week low is 47.63% and -12.07% from its 52-week high. The company has generated returns on investments over the last 12 months (11.69%).
with sales reaching $1.29B over the same period.The EPS is expected to grow by 13.43% this year, but quarterly earnings will post 32.43% year-over-year. Quarterly sales are estimated to grow 41.12% in year-over-year returns.
Brookfield Asset Management Ltd (BAM) Top Institutional Holders
851.0 institutions hold shares in Brookfield Asset Management Ltd (BAM), with institutional investors hold 93.40% of the company’s shares. The shares outstanding are 1.61B, and float is at 353.98M with Short Float at 5.85%. Institutions hold 89.87% 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.
