With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.05 million shares. During the session, the Asset Management company that operates in wider Financial sector, reached to the highest price of $54.84 whereas the lowest price it dropped to was $53.62. The 52-week range on BAM shows that it touched its highest point at $59.58 and its lowest point at $37.19 during that stretch. It currently has a 1-year price target of $57.14. With its current market cap of 22.72 billion, BAM has annualized dividend of $1.52 while the current yield stands at 2.81%. BAM paid its most recent dividend on 1732838400, while the ex-dividend date for that was 1732838400. Beta for the stock currently stands at 1.45.
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 up-trending over the past week, with a rise of 0.28%, but this was down by -6.32% over a month. Three-month performance surged to 10.18% while six-month performance rose 28.39%. The stock gained 39.19% in the past year, while it has lost -0.11% so far this year. A look at the trailing 12-month EPS for BAM yields 1.10 with Next year EPS estimates of 1.71. For the next quarter, that number is 0.39. This implies an EPS growth rate of 4.99% for this year and 18.66% for next year.
Float and Shares Shorts:
At present, 419.63 million BAM shares are outstanding with a float of 138.03 million shares on hand for trading. On 2024-12-31, short shares totaled 7.27 million, which was 173.0 higher than short shares on 1732838400. In addition to Mr. Mark Joseph 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 0.63321996 of BAM’s outstanding shares, institutional investors have minority control over the company.
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 2024-09-30, BAM reported revenue of $1117000000.0 and operating income of $687000000.0. The EBITDA in the recently reported quarter was $641000000.0 and diluted EPS was $0.33.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BAM since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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 69.0 and a low target of 32.0, the average target price over the next 12 months is 56.39286. Based on these targets, BAM could surge 27.47% to reach the target high and fall by -40.88% to reach the target low. Reaching the average price target will result in a growth of 4.18% from current levels.
Analysts have provided yearly estimates in a range of $1.46511 being high and $1.40707 being low. For BAM, this leads to a yearly average estimate of $1.41684. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.4.
