It makes sense and dollars to buy Brookfield Asset Management Ltd. (BAM) stock

Brookfield Asset Management Ltd. (NYSE: BAM) stock jumped 0.20% on Thursday to $30.73 against a previous-day closing price of $30.67. With 1.46 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.65 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $30.91 whereas the lowest price it dropped to was $30.55. The 52-week range on BAM shows that it touched its highest point at $36.50 and its lowest point at $26.76 during that stretch. It currently has a 1-year price target of $36.61. With its current market cap of 12.67 billion, BAM has annualized dividend of $1.28 while the current yield stands at 4.17%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BAM was down-trending over the past week, with a drop of -1.47%, but this was down by -4.71% over a month. A look at the trailing 12-month EPS for BAM yields 5.03 with Next year EPS estimates of 1.58. For the next quarter, that number is 0.33. This implies an EPS growth rate of 0.10% for this year and 15.29% for next year.

Float and Shares Shorts:

At present, 412.43 million BAM shares are outstanding with a float of 398.70 million shares on hand for trading. On Apr 27, 2023, short shares totaled 4.95 million, which was 1.25% higher than short shares on Mar 30, 2023. In addition to Mr. Mark J. Carney FPC, MPC, PRC as the firm’s Chair of Board & Head of Transition Investing, Mr. James Bruce Flatt serves as its CEO & Director.

Institutional Ownership:

Through their ownership of 73.57% of BAM’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of BAM, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 3.30% stake in BAM, the American Funds Income Fund of Ame is the largest stakeholder. A total of 13,588,476 shares are owned by the mutual fund manager. The Washington Mutual Investors Fund, which owns about 2.09% of BAM stock, is the second-largest Mutual Fund holder. It holds 8,619,538 shares valued at 289.19 million. American Funds New Perspective Fu holds 1.40% of the stake in BAM, owning 5,751,537 shares worth 192.96 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, BAM reported revenue of $755.00M and operating income of $495.00M. The EBITDA in the recently reported quarter was $907.00M and diluted EPS was $1.80.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BAM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BAM analysts setting a high price target of $48.00 and a low target of $21.00, the average target price over the next 12 months is $37.00. Based on these targets, BAM could surge 56.2% to reach the target high and fall by -31.66% to reach the target low. Reaching the average price target will result in a growth of 20.4% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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