Brookfield Asset Management Ltd (NYSE: BAM) on Tuesday, plunged -0.17% from the previous trading day, before settling in for the closing price of $41.53. Within the past 52 weeks, BAM’s price has moved between $28.35 and $43.00.
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During the last 5-year period, the sales growth of Financial Sector giant was 17.98%. The company achieved an average annual earnings per share of 11.46%. With a float of $323.17 million, this company’s outstanding shares have now reached $412.20 million.
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 17.15%, while institutional ownership is 66.65%. The most recent insider transaction that took place on Mar 29 ’23, 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 ’23, 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 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.36 earnings per share (EPS) for the period topping the consensus outlook (set at $0.34) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.64% during the next five years compared to -29.91% drop over the previous five years of trading.
Brookfield Asset Management Ltd (NYSE: BAM) Trading Performance Indicators
Brookfield Asset Management Ltd (BAM) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.85, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.78 in one year’s time.
Technical Analysis of Brookfield Asset Management Ltd (BAM)
Looking closely at Brookfield Asset Management Ltd (NYSE: BAM), its last 5-days average volume was 1.08 million, which is a jump from its year-to-date volume of 1.08 million. As of the previous 9 days, the stock’s Stochastic %D was 57.49%. Additionally, its Average True Range was 0.90.
During the past 100 days, Brookfield Asset Management Ltd’s (BAM) raw stochastic average was set at 89.15%, which indicates a significant increase from 46.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.20% in the past 14 days, which was lower than the 25.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.69, while its 200-day Moving Average is $35.63. However, in the short run, Brookfield Asset Management Ltd’s stock first resistance to watch stands at $42.02. Second resistance stands at $42.59. The third major resistance level sits at $42.89. If the price goes on to break the first support level at $41.15, it is likely to go to the next support level at $40.85. Now, if the price goes above the second support level, the third support stands at $40.28.
Brookfield Asset Management Ltd (NYSE: BAM) Key Stats
Market capitalization of the company is 16.17 billion based on 413,171K outstanding shares. Right now, sales total 4,062 M and income totals 2,137 M. The company made 160,000 K in profit during its latest quarter, and 95,000 K in sales during its previous quarter.
