Ultime notizie per Brookfield Asset Mgmt (NYSE:BAM) Azioni

Brookfield Asset Mgmt

Brookfield Asset Management Ltd engages in providing alternative asset management services through an ownership interest in a alternative asset management business. It offers a range of alternative investment products to investors around the world including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

Brookfield Asset Management Inc Class A Limited Voting Shares

Brookfield Asset Management Ltd

Brookstone Active ETF

Brookstone Intermediate Bond ETF

Brookstone Dividend Stock ETF

Brookstone Growth Stock ETF

Brookfield Corp

BROOKFIELD CORP PREF 26 by BROOKFIELD CORP.

Brookstone Opportunities ETF

Brookstone Ultra-Short Bond ETF

BROOKFIELD CL A ORD

Brookstone Value Stock ETF

BAYERISCHE MOTORENWRK ORD by Bayerische Motoren Werke AG

Bayerische Motoren Werke AG

BMW ORD

Brookstone Yield ETF

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $55.5 to $59.5.

News

Price Target

Analyst Ratings

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $59.5

BMO Capital analyst Sohrab Movahedi maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Market Perform and raises the price target from $40 to $50.

BMO Capital Maintains Market Perform on Brookfield Asset Mgmt, Raises Price Target to $50

Financing

GRFS

Brookfield Is Said To Seek Info On Grifols Related-Party Deals; Said To Be Confident It Can Line Up Financing

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Underperform and raises the price target from $44 to $49.

Keefe, Bruyette & Woods Maintains Underperform on Brookfield Asset Mgmt, Raises Price Target to $49

RBC Capital analyst Robert Kwan maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Outperform and raises the price target from $55 to $68.

RBC Capital Maintains Outperform on Brookfield Asset Mgmt, Raises Price Target to $68

WIIM

Brookfield Asset Management shares are trading higher after Deutsche Bank maintained a Buy rating on the stock and raised its price target from $51 to $56. Also, Wells Fargo raised its price target on the stock from $48 to $51.

Wells Fargo analyst Michael Brown maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Underweight and raises the price target from $48 to $51.

Wells Fargo Maintains Underweight on Brookfield Asset Mgmt, Raises Price Target to $51

Deutsche Bank analyst Brian Bedell maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Buy and raises the price target from $51 to $56.

Deutsche Bank Maintains Buy on Brookfield Asset Mgmt, Raises Price Target to $56

Brookfield Asset Management shares are trading higher. The company reported Q3 financial results.

Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) reported quarterly earnings of $0.33 per share which missed the analyst consensus estimate of $0.80 by 58.75 percent. This is a 10 percent increase over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $1.117 billion which missed the analyst consensus estimate of $1.273 billion by 12.25 percent. This is a 25.08 percent increase over sales of $893.000 million the same period last year.

Earnings

Earnings Misses

Brookfield Asset Mgmt Q3 2024 GAAP EPS $0.33 Misses $0.80 Estimate, Sales $1.117B Miss $1.273B Estimate

Reported Earlier, Brookfield Realigns Corporate Structure, Unlocking Value In Asset Management With Broader Shareholder And Index Reach

Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Sector Outperform and raises the price target from $45.5 to $55.5.

Scotiabank Maintains Sector Outperform on Brookfield Asset Mgmt, Raises Price Target to $55.5

Brookfield Signed An Agreement To Acquire 12.45% Minority Stakes In Four Of Ørsted's Operational UK Offshore Wind Farms For An Enterprise Value Of $2.3B

Wells Fargo analyst Michael Brown maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Underweight and raises the price target from $42 to $48.

Wells Fargo Maintains Underweight on Brookfield Asset Mgmt, Raises Price Target to $48

Goldman Sachs analyst Alexander Blostein maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Buy and raises the price target from $47 to $52.

Goldman Sachs Maintains Buy on Brookfield Asset Mgmt, Raises Price Target to $52

Brookfield Renewable Partners L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>) and its institutional partners disclosed the sale of&nbsp;Saeta Yield to Masdar, Abu Dhabi Future Energy Company PJSC, for an implied enterprise <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40999345/masdar-to-acquire-saeta-from-brookfield-for-1-4-billion" rel="noreferrer noopener">value of around $1.4 billion (€1.2 billion)</a>.
The acquisition includes a portfolio of 745 megawatts (MW) of primarily wind assets—538 MW in Spain, 144 MW in Portugal, and 63 MW of solar PV in Spain—along with a 1.6 gigawatt (GW) development pipeline.
The deal excludes 350 MW of concentrated solar power assets, which Brookfield will retain and operate.
The transaction is expected to close by the end of 2024, pending customary approvals.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/09/40798749/brookfield-plans-to-invest-up-to-1-1b-in-efuels-details" target="_blank" rel="noreferrer noopener">Brookfield Plans To Invest Up To $1.1B in eFuels: Details</a>
Connor Teskey, chief executive officer of Brookfield Renewable Partners, said, &#8220;We are pleased to have successfully supported Saeta throughout our ownership, having worked closely with the business to scale and optimize its renewable portfolio across Iberia.&#8221;
&#8220;The company has a strong development pipeline and a top-tier management team, and is well positioned to continue delivering incremental renewable energy to the region over the coming years under Masdar&#8217;s sponsorship,&#8221; he added.
Apart from this, Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>), together with Brookfield Renewable and other institutional partners, has agreed to sell a 25% stake in First Hydro Company, a key electricity generation and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n40996353/cdpq-acquires-25-of-uks-first-hydro-company-from-brookfield" rel="noreferrer noopener"> storage facility in the United Kingdom, to CDPQ</a>.
Notably, ENGIE SA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ENGQF#OTC">ENGQF</a>) is the majority shareholder of First Hydro Company, holding the remaining 75% of the company.
&#8220;We are pleased to have supported First Hydro throughout our ownership period including securing its long-term future through active management of the business. First Hydro will continue to provide considerable renewable power to the U.K. long into the future,&#8221; said Ignacio Gomez-Acebo, managing director at Brookfield.
Price Action: BEP shares are up 0.63% at $27.00 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/24/08/40603785/clean-energy-jobs-grow-twice-as-fast-as-overall-job-market-in-2023-our-policies-are-working" target="_blank" rel="noreferrer noopener">Clean Energy Jobs Grow Twice As Fast As Overall Job Market In 2023: &#8216;Our Policies Are Working&#8217;</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Equities

Global

ENGQF

Brookfield Divests Saeta Yield To Masdar In $1.4B Deal, Keeps Key Solar Assets

GCM Grosvenor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCMG#NASDAQ">GCMG</a>), a leading global alternative asset management firm, today announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat (the "Transaction"), the largest repowered wind farm in North America, from Brookfield Asset Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>, TSX:<a class="ticker" href="https://www.benzinga.com/stock/BAM#TSX">BAM</a>) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEP#NYSE">BEP</a>, BEPC, TSX:<a class="ticker" href="https://www.benzinga.com/stock/BEP#TSX">BEP</a>, BEPC)))) ("Brookfield"). &nbsp;
Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, which is enough to power ~185,000 average U.S. households and is fully supported by a long-term contract with a large-scale utility.

GCMG

TSX:BAM

TSX:BEP

GCM Grosvenor Announces That Its Infrastructure Advantage Strategy Has Acquired A 25% Equity Interest In Shepherds Flat, From Brookfield Asset Management And Its Institutional Partners, Including Its Listed Affiliate Brookfield Renewable

Asset Sales

Brookfield Asset Management And Its Institutional Partners, Including Its Listed Affiliate Brookfield Renewable, Entered Into An Agreement With CDPQ To Sell Its 25% Stake In First Hydro Company For An Undisclosed Amount

ALLY

ARES

BBVA

CRBG

LPLA

UPST

Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

Brookfield Asset Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) shares are trading relatively flat on Tuesday. The company announced the closing of a $1.5 billion <a href="https://www.benzinga.com/pressreleases/24/09/n40896531/brookfield-and-castlelake-complete-strategic-partnership-transaction" target="_blank" rel="noreferrer noopener">strategic partnership with </a><a href="https://www.benzinga.com/pressreleases/24/09/n40896531/brookfield-and-castlelake-complete-strategic-partnership-transaction" target="_blank" rel="noreferrer noopener">Castlelake L.P</a>.
Brookfield acquired a 51% stake in Castlelake&#8217;s fee-related earnings, and Brookfield Wealth Solutions committed to investing in Castlelake&#8217;s investment strategies and private funds.
Castlelake will continue to operate independently, maintaining its current governance and leadership structure, with Rory O&#8217;Neill as Executive Chair and Evan Carruthers as CEO and CIO. It will also retain majority <a href="https://www.benzinga.com//node/38637588">ownership of its performance-related earnings.</a>
In a joint statement, co-founders of Castlelake,&nbsp;Rory O&#8217;Neill&nbsp;and&nbsp;Evan Carruthers&nbsp;said, &#8220;Castlelake and Brookfield are aligned in approach and values and complement each other in expertise and experience. We believe that being a part of Brookfield will help accelerate Castlelake&#8217;s innovation and scale our platform while preserving the expertise and focused approach that has made our firm unique for so many years.&#8221;
Craig Noble, CEO of&nbsp;Brookfield Credit&nbsp;said, &#8220;We look forward to working with Castlelake to meet the growing demand for compelling, asset-based opportunities and to supporting the firm&#8217;s continued growth.&#8221;
In another unrelated development, the company is reportedly planning to sell a luxury retail property on New York&#8217;s Fifth Avenue. Brookfield is seeking a price in the low- to mid-$300 million range, <a href="https://www.bloomberg.com/news/articles/2024-09-16/brookfield-eyes-sale-of-fifth-avenue-property-with-coach-store?srnd=homepage-americas&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported </a>Bloomberg.
According to the report, the landlord hired broker Eastdil Secured to handle negotiations for the retail portion of 685 Fifth Avenue, which is occupied by Coach, Stuart Weitzman, and DJI Hasselblad.
This month, Brookfield Asset Management partnered with Infinium to invest up to $1.1B to boost eFuels production,<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40798749/brookfield-plans-to-invest-up-to-1-1b-in-efuels-details" rel="noreferrer noopener"> including sustainable aviation fuel</a>.
Price Action: BAM shares are up 0.07% at $45.25 at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/06/39478933/brookfield-seals-the-deal-snags-major-stake-in-french-powerhouse-neoen" target="_blank" rel="noreferrer noopener">Brookfield Seals The Deal: Snags Major Stake In French Powerhouse Neoen</a></li>
</ul>

Large Cap

Media

What's Going On With Brookfield Asset Management Stock Today?

Brookfield Asset Management Ltd. (BAM) Q3 2024 Earnings Call Transcript

In a report released today, Kyle Voigt from KBW maintained a Sell rating on Brookfield Asset Management Ltd. Class A (BAM – Research Report), with ...

KBW Reaffirms Their Sell Rating on Brookfield Asset Management Ltd. Class A (BAM)

RBC Capital analyst Robert Kwan assigned a Buy rating to Brookfield Asset Management Ltd. Class A (BAM – Research Report) today and set a price tar...

RBC Capital Issues a Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)

In a report released today, Mario Saric from Scotiabank maintained a Buy rating on Brookfield Asset Management Ltd. Class A (BAM – Research Report)...

Scotiabank Reaffirms Their Buy Rating on Brookfield Asset Management Ltd. Class A (BAM)

RBC Capital raised the firm's price target on Brookfield Asset Management (BAM) to $68 from $55 and keeps an Outperform rating on the shares after ...

Brookfield Asset Management price target raised to $68 from $55 at RBC Capital

Scotiabank raised the firm's price target on Brookfield Asset Management (BAM) to $59.50 from $55.50 and keeps an Outperform rating on the shares. ...

Brookfield Asset price target raised to $59.50 from $55.50 at Scotiabank

BMO Capital analyst Sohrab Movahedi raised the firm's price target on Brookfield Asset Management (BAM) to $50 from $40 but keeps a Market Perform ...

Brookfield Asset Management price target raised to $50 from $40 at BMO Capital

Brookfield Asset Management (BAM) is awaiting information from Grifols (GRFS) about related-party transactions as it seeks to complete its due dili...

Brookfield awaiting information for potential Grifols bid, Bloomberg says

12:02 EST Brookfield still pursuing Grifols (GRFS) deal, Bloomberg reports Published first on TheFly – the ultimate source for real-time, market-mo...

Comments

Brookfield Asset Mgmt

Notizie

Ultime notizie per Brookfield Asset Mgmt (NYSE:BAM) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO