Brookfield Asset Management Ltd. (NYSE: BAM) on May 23, 2023, started off the session at the price of $31.60, soaring 0.09% from the previous trading day. During the day, the shares moved up to $31.78 and dropped to $31.29 before settling in for the closing price of $31.60. Within the past 52 weeks, BAM’s price has moved between $26.76 and $36.50.
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The company achieved an average annual earnings per share of 0.10%. With a float of $398.70 million, this company’s outstanding shares have now reached $412.43 million.
Considering the fact that the conglomerate employs 2500 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +94.13, operating margin of +66.45, and the pretax margin is +96.28.
Brookfield Asset Management Ltd. (BAM) Breakdown of a Key Holders of the stock
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Brookfield Asset Management Ltd. is 7.87%, while institutional ownership is 73.57%. The most recent insider transaction that took place on Mar 29, was worth 599,805. In this transaction Director of this company sold 50,256 shares at a rate of $11.94, taking the stock ownership to the 21,054,667 shares. Before that another transaction happened on Mar 28, when Company’s Director sold 24,744 for $11.96, making the entire transaction worth $295,988. This insider now owns 21,104,923 shares in total.
Brookfield Asset Management Ltd. (BAM) Recent Fiscal highlights
As on 3/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.34 earnings per share (EPS) for the period topping the consensus outlook (set at $0.32) by $0.02. This company achieved a net margin of +52.80 while generating a return on equity of 19.74. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 0.10% per share during the next fiscal year.
Brookfield Asset Management Ltd. (NYSE: BAM) Trading Performance Indicators
Brookfield Asset Management Ltd. (BAM) is currently performing well based on its current performance indicators. A price to sales ratio for the trailing twelve months stands at 3.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.03, a number that is poised to hit 0.33 in the next quarter and is forecasted to reach 1.58 in one year’s time.
Technical Analysis of Brookfield Asset Management Ltd. (BAM)
Compared to the last year’s volume of 1.66 million, its volume of 1.42 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 28.91%. Additionally, its Average True Range was 0.80.
During the past 100 days, Brookfield Asset Management Ltd.’s (BAM) raw stochastic average was set at 46.24%, which indicates a significant increase from 29.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.45% in the past 14 days, which was higher than the 27.61% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $31.84 in the near term. At $32.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $32.33. If the price goes on to break the first support level at $31.35, it is likely to go to the next support level at $31.08. Now, if the price goes above the second support level, the third support stands at $30.86.
Brookfield Asset Management Ltd. (NYSE: BAM) Key Stats
Market capitalization of the company is 13.04 billion based on 412,430K outstanding shares. Right now, sales total 75,731 M and income totals 3,966 M. The company made 966,000 K in profit during its latest quarter, and 516,000 K in sales during its previous quarter.
