Brookfield Asset Management Inc (BAM) has been under a strong bear grip, hence the stock is down -2.06% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.78% in the past 1 week. The stock has risen by 0.84% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.05% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 2.12%. Brookfield Asset Management Inc (NYSE:BAM): On Fridays trading session , Opening price of the stock was $35.58 with an intraday high of $35.58. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.44. However, the stock managed to close at $34.98, a loss of 0.96% for the day. On the previous day, the stock had closed at $35.32. The total traded volume of the day was 1,045,987 shares.
Institutional Investors own 51.83% of Brookfield Asset Management Inc shares. Also, Keefe Bruyette & Woods initiates coverage on Brookfield Asset Management Inc (NYSE:BAM). Keefe Bruyette & Woods has a Outperform rating on the shares. As per the latest report, the brokerage house announces the price target to $41 per share. The rating by the firm was issued on May 24, 2016.
Brookfield Asset Management Inc. (Brookfield) is a global alternative asset manager. The Company owns and operates assets with a focus on property, renewable energy, infrastructure and private equity. The Company operates in eight segments: Asset Management, property, renewable energy, infrastructure, private equity, residential development, service activities and corporate activities. Brookfield manages a range of investment funds and other entities that enable institutional and retail clients to invest in these assets. These products include publicly listed partnerships that are listed on stock exchanges, as well as private institutional partnerships that are available to accredited investors, typically pension funds, endowments and other institutional investors. The Company also manages portfolios of listed securities through a series of segregated accounts and mutual funds.