BAM-A.TO - Brookfield Asset Management Inc.

Toronto - Toronto Delayed Price. Currency in CAD
70.08
-0.10 (-0.14%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close70.18
Open71.00
Bid70.02 x 0
Ask70.03 x 0
Day's Range69.75 - 71.00
52 Week Range49.87 - 72.28
Volume771,040
Avg. Volume1,109,653
Market Cap73.415B
Beta (3Y Monthly)1.11
PE Ratio (TTM)24.08
EPS (TTM)2.91
Earnings DateN/A
Forward Dividend & Yield0.85 (1.20%)
Ex-Dividend Date2019-08-29
1y Target Est52.00
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    Historically, bull markets in stocks and real estate bubbles, especially in commercial property, go hand in hand. The same irrational exuberance that persuades mediocre stock investors that everything they touch turns to gold also infects developers who leverage themselves to the hilt with cheap money near the peak of a cycle. In the past, the completion of record-high skyscrapers has been the proverbial bell that rings at the top of the market.

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    American City Business Journals

    Even before its grand opening, this Navy Yard-area apartment building is nearly full

    The newest multifamily building to be developed near Nationals Park in Southeast D.C. isn't open yet, but it's already nearly fully leased. Representatives for Brookfield Properties, Urban Atlantic and the D.C. Housing Authority are slated to hold a ceremonial grand opening Thursday for the Harlow, a 179-unit building at 1100 Second Place SE. The project's quick lease-up suggests demand for rental units in the Capitol Riverfront Business Improvement District remains strong amid a wave of new supply springing up around Nats Park, where the home team moved one game closer Monday night to their first World Series appearance.

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    American City Business Journals

    Exclusive: Brookfield real estate CEO dishes on megadeveloper's $4.5B bet on San Francisco

    With 5M and Pier 70, Brookfield Properties is orchestrating two of the biggest real estate developments in San Francisco.

  • These Hedge Funds Sold Brookfield Asset Management Inc. (BAM) A Quarter Too Early
    Insider Monkey

    These Hedge Funds Sold Brookfield Asset Management Inc. (BAM) A Quarter Too Early

    While the market driven by short-term sentiment influenced by the accomodative interest rate environment in the US, increasing oil prices and deteriorating expectations towards the resolution of the trade war with China, many smart money investors kept their cautious approach regarding the current bull run in the second quarter and hedging or reducing many of […]

  • GlobeNewswire

    Brookfield Asset Management 2019 Third Quarter Results Conference Call and Webcast

    Date:  Thursday, November 14, 2019Time:  11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Oct. 07, 2019 -- Brookfield Asset Management (NYSE:BAM)(TSX:BAM.A)(EURONEXT.

  • Bloomberg

    Brookfield Explores Sale of Wind Energy Stake in Texas

    (Bloomberg) -- Brookfield Asset Management Inc. is considering selling its stake in Wind Energy Transmission Texas, which could fetch $400 million to $500 million, according to people familiar with the matter.The Toronto-based alternative asset manager is working with financial advisers to seek buyers for its 50% stake in the company, said the people, who asked to not be identified because the matter isn’t public.Brookfield owns the electrical transmission-line operator with PSP Investments, the Canadian pension fund.No deal has been reached and Brookfield may choose to hold onto the stake, they said.A representative for Brookfield declined to comment. Representative for WETT and PSP didn’t respond to requests for comment.WETT, based in Austin, Texas, has 375 miles of transmission lines and six switching stations, according to its website.The sale would be the latest in a flurry of infrastructure deals for Brookfield. Its affiliate, Brookfield Infrastructure Partners, said in August it had four ongoing sales processes as part of its asset recycling program. In February, it sold its stake in a Chilean toll road business.It said at the time it intended to use proceeds from the sales to invest in new businesses, including U.S. railroad Genesee & Wyoming Inc., which it agreed to buy $6.3 billion in July in partnership with GIC Pte Ltd., the Singapore sovereign wealth fund.To contact the reporters on this story: Gillian Tan in New York at gtan129@bloomberg.net;Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Alan Goldstein at agoldstein5@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Brookfield Asset Management Completes Acquisition Of 61.2% of Oaktree Capital Management

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) are pleased to announce the completion of Brookfield’s acquisition of approximately 61.2% of Oaktree’s business. In connection with the transaction, Brookfield acquired all of the outstanding Oaktree class A units and approximately 20% of the units of Oaktree Capital Group Holdings, L.P. (“OCGH”) held by the founders, senior management, and current and former employees of Oaktree. The purchase price per unit was, at the election of such unitholders, $49.00 in cash or 1.0770 class A shares of Brookfield (subject to proration).

  • GlobeNewswire

    Poseidon Water Congratulates the National Alliance for Water Innovation (NAWI) Team on $100M DOE Desalination Hub

    Poseidon Water is proud to be part of the National Alliance for Water Innovation (NAWI) Team that was selected to receive $100 million in funding from the U.S. Department of Energy (DOE) to establish a new Energy-Water Desalination Hub.  The Hub’s purpose is to advance state-of-the-art technology and research in desalination.  Poseidon is a national leader in the development of water supply and treatment projects using a public-private partnership approach and manages the award-winning Claude “Bud” Lewis Carlsbad Desalination Plant. Headquartered at Lawrence Berkeley National Laboratory (LBNL) in Berkeley, California, NAWI was created in 2017 to support the U.S. Department of Energy’s Energy-Water Desalination Hub. Along with co-founding laboratories Oak Ridge National Laboratory in Tennessee and the National Renewable Energy Laboratory in Colorado, NAWI brings together a world-class team of industry and academic partners to examine the critical research needed to radically lower the cost and energy consumption required for desalination.

  • 7 One-Stock Portfolios for Passive Investors
    InvestorPlace

    7 One-Stock Portfolios for Passive Investors

    Editor's note: "7 One-Stock Portfolios for Passive Investors" was previously published in June 2019. It has since been updated to include the most relevant information available.Are you looking for a portfolio of stocks to buy but don't want to buy a broad-market index ETF? If so, Robert Kirby's idea of the Coffee Can portfolio should do the trick.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRobert Kirby was a portfolio manager based in Los Angeles who spent most of his working life with the Capital Group, one of the world's largest and oldest investment management companies. In 1984, Kirby wrote an article for the Journal of Portfolio Management entitled The Coffee Can Portfolio, an article in which he makes a case for buying a 50 quality stocks and holding them indefinitely. He looked at this concept as actively passive investing. While he admitted that this wouldn't make active managers very rich because they'd have to charge such a low fee given how little work was involved, he believed that someone should come along to offer such a service. * 7 Worst Stocks in the S&P 500 in 2019 These seven stocks to buy that should get the job done over the long haul. Berkshire Hathaway (BRK.A, BRK.B)Source: Jonathan Weiss / Shutterstock.com The world's largest ETF by assets under management is the SPDR S&P 500 ETF (NYSEARCA:SPY) at $263 billion. To own that you'll pay an annual fee of 0.09% of whatever you have invested in the ETF. By comparison, if you buy 100 shares of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), you'll pay the commissions for any shares you purchase, and that's it. If you hold them indefinitely, your annual fee over 10 years would be almost non-existent, certainly making it attractive to passive investors. There are plenty of experts out there who would suggest that with Warren Buffett approaching 90 years of age, now is not the time to recommend Berkshire stock. That's for the simple reason that BRK's share price will get hit when the Oracle of Omaha finally passes.However, many others feel that Berkshire stock would rise upon his death, including Buffett himself. At the end of the day, buying this particular one-stock portfolio gives you a small part of $739 billion in diversified assets spread across the Globe. BRK stock will do just fine after Buffett's gone. And you can't beat the fees. Brookfield Asset Management (BAM)If you don't mind investing in a company that's based in Canada, Brookfield Asset Management (NYSE:BAM) is an excellent way to own a diversified portfolio of infrastructure, private equity, and real estate assets. In addition to those assets, it also owns a portfolio of 216 stocks worth $23.8 billion as of its most recent 13F summary page. Its largest holding is a 79% ownership stake in GrafTech International (NYSE:EAF) worth $2.9 billion. One of its other large holdings is a $549 million investment in SPY, which I spoke about in the Berkshire section. Like everyone else, it pays 0.09% to own that ETF, which works out to a little less than $495,000 in annual fees. Thought to be the leading bidder for Genesee & Wyoming (NYSE:GWR), an operator of short-line railroads in the U.S., you will never be bored following all the wheeling and dealing that CEO Bruce Flatt and his management do to deliver above-average shareholder returns. * 7 Triple-'F' Rated Stocks to Leave on the Shelf Although Brookfield is an asset manager and is paid fees to manage the assets, it also puts a significant amount of its own capital into these deals, providing shareholders with the assurance that their interests are aligned with Brookfield's. Compass Diversified Holdings (CODI)Compass Diversified Holdings (NYSE:CODI) is a holding company that buys middle-market businesses that are profitable and growing. It first came to my attention in 2011. Since then, I've recommended it from time to time. The latest being July 2017. At the time it was trading around $17.30. Today, it's up around $19, an average 10% return over the past two years. "Like Brookfield, CODI is part private equity firm, part strategic acquirer, and part asset manager. Set up as a grantor trust and publicly traded partnership, it is neither a business development company (BDC) nor a REIT, and is not required to distribute a minimum amount of cash flow to shareholders," I wrote at the time. "The company's business model allows it to take the long-term view with all of its investments."CODI gained some notoriety earlier this year when it sold one of its portfolio companies -- Manitoba Harvest is a maker of hemp-based foods sold across the U.S. and Canada -- to Tilray (NASDAQ:TLRY) for CAD $419 million, a move that got the cannabis company into one of the industry's biggest areas of growth. If you buy CODI whenever it trades below $15, you will make money in the long run. Loews Corporation (L)Source: Shutterstock Although the holding company run by New York's Tisch family has had a rough go of it in recent years, I never doubted that Loews (NYSE:L) stock would one day turn the corner and deliver a strong year on the markets. Year to date, L is up 13.1% year-to-date through June 25, the best annual performance in many years. Why the big move?Well, for starters, in the quarter ended March 31, Loews increased its net income by 34% to $394 million. On a per-share basis, it grew net income by 43% due to fewer shares outstanding. On the top line, Loews grew its revenues by 4.9%, to $3.76 billion from $3.58 billion a year earlier. Although in its latest quarter, it appears to have returned to previous levels. * 8 Dividend Stocks to Buy for a Recession The company continues to use its excess cash flow to buy back its shares. In the first quarter, it repurchased 6.8 million shares at an average price of $47.35 a share. In the same period a year earlier, it bought back 9.9 million of its shares for $497 million. If you look at its 10-Q, you'll see that CNA Financial (NYSE:CNA), its 89%-owned subsidiary, generated 77% of the company's net income in the quarter. Like Berkshire, insurance is a critical holding in the Loews empire. In 1974, Loews acquired 56% of CNA for $2.50 a share on a split-adjusted basis. Those shares today are worth approximately $26 a share, a return of almost 6% annually, not including the gains on the additional shares it's acquired over the years along with the income it's received from its ownership. It's the foundation of Loews. Fairfax Financial Holdings (FRFHF)Source: Shutterstock This is the second of three Canadian one-stock portfolios I'm recommending. Fairfax Financial Holdings (OTCMKTS:FRFHF) is sometimes called the Berkshire Hathaway of Canada. Founded in Toronto in 1985 by Indian-born investment manager Prem Watsa, the company's book value per share has grown by 18.7% over the past 34 years from $1.52 in 1985 to $432.46 in 2018.After a couple of bad years in the markets, Fairfax stock is up 14.2% year to date (including dividends) through June 25, returning the stock to its usual double-digit annual returns. Like Berkshire, Fairfax's business is built on an insurance foundation. In the first quarter ended March 31, the company's insurance operations had an operating income of $246.7 million, 3.8% higher than a year earlier. Unfortunately, its non-insurance business saw operating income drop by 46.4% in the quarter. However, it did manage to deliver net gains on its investments of $723.9 million, bringing its net income to $769.2 million, 12.4% higher than a year ago. If you like conservatively financed businesses, Fairfax is the one stock to buy, with total debt to total capital of just 29.2%. During the quarter, FRFHF repurchased $172.3 million of its stock at an average price of $468.21 a share. Outside the company's insurance business, its investments in India and Africa and the retail industry hold out the most promise for the future. LVMH (LVMUY)Source: Mathieu Lebreton via FlickrBernard Arnault went over the $100-billion mark June 20, making the CEO of luxury goods conglomerate LVMH (OTCMKTS:LVMUY), the third wealthiest person in the world behind Jeff Bezos and Bill Gates, but ahead of Warren Buffett. Arnault, who owns 46% of LVMH, has seen his wealth increase dramatically in 2019, due to a 44.1% increase in the company's stock year to date through June 25. While investors have heard of many of its luxury brands: Louis Vuitton, Fendi, Christian Dior, Moet & Chandon, Glenmorangie, Guerlain, Tag Heuer, and Sephora, the story of how Arnault gained control of this incredible group of businesses is what makes LVMHY so attractive as an investment. In 1984, Arnault bought a bankrupt French textile company that happened to also own Christian Dior with $15 million from his family and the rest financed with debt. Quickly, he went to work buying up fashion houses in Europe and turning them into profitable businesses that generate vast amounts of cash. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Today, it generates almost $53 billion in annual sales from 70 different brands. Arnault is quite possibly the best capital allocator in the world, better than even Warren Buffett. Power Corporation (PWCDF)Source: Shutterstock The final of my three Canadian one-stock portfolios to buy is Montreal-based Power Corporation (OTCMKTS:PWCDF), a holding company controlled by the Desmarais family through a dual-class share structure that gives them 59% of the votes but much less of the actual equity. In turn, the labyrinth-like organizational structure gives it control over both insurance company Great-West Lifeco (OTCMKTS:GWLIF) and asset manager IGM Financial (OTCMKTS:IGIFF) through its 65.5% ownership in Power Financial (OTCMKTS:POFNF).While Great-West Lifeco and IGM Financial are large organizations, it is Power Corporation's investments in fintech companies that are most appealing in terms of future growth. One of them is Toronto-based robo advisor Wealthsimple, which operates in Canada, the U.S., and the UK, managing more than $3.4 billion in assets under management for over 100,000 customers. Power owns 89% of Wealthsimple.While Power's stock continues to underperform relative to both the S&P/TSX Composite Index and S&P 500, the long-term potential of its fintech investments can't be overlooked. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Top Small-Cap Stocks Of 2019 * Critical Levels to Watch in 7 Marijuana Stocks * 5 Smaller Cloud Stocks That Have Plenty of Potential The post 7 One-Stock Portfolios for Passive Investors appeared first on InvestorPlace.

  • GlobeNewswire

    Brookfield Asset Management Announces Results of Conversion of its Series 40 Preferred Shares

    BROOKFIELD, NEWS, Sept. 19, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that after having taken into account all election notices received.

  • GlobeNewswire

    Brookfield Asset Management and Oaktree Capital Group Announce the Anticipated Election Deadline

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) today provided notice that the previously announced election period will expire at 5:00 p.m., New York City time on September 25, 2019 (the “Election Deadline”). The ability of (i) registered holders of Oaktree Class A common units, and (ii) holders of limited partnership units in Oaktree Capital Group Holdings L.P., whose units will be exchanged for equity interests in Oslo Holdings LLC, to elect (pursuant to the election right provided under the previously announced merger agreement) cash consideration or share consideration (subject to proration) will end at the Election Deadline. Election forms received after the Election Deadline will not be accepted.

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    Motley Fool

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    Motley Fool

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  • GlobeNewswire

    Brookfield Announces Reset Dividend Rate on Its Series 40 and Series 25 Preference Shares

    Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM, Euronext: BAMA) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 (“Series 40 Shares”) (TSX:BAM.PF.F) for the five years commencing October 1, 2019 and ending September 30, 2024, and also determined the quarterly dividend on its floating rate Cumulative Class A Preference Shares, Series 25 (“Series 25 Shares”) (BAM-PS.TO). If declared, the fixed quarterly dividends on the Series 40 Shares during the five years commencing October 1, 2019 will be $0.2518125 per share per quarter, which represents a yield of 6.105% on the most recent trading price, similar to the current yield. The new fixed dividend rate that will apply for the five years commencing October 1, 2019 represents a yield of 4.029% based on the redemption price of $25 per share.

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  • GlobeNewswire

    Brookfield Asset Management Announces Delisting of its Shares From Euronext Amsterdam

    BROOKFIELD, NEWS, Aug. 30, 2019 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) today announced that it has requested the delisting of all Class A.

  • GlobeNewswire

    Brookfield Asset Management and Oaktree Capital Group Announce the Commencement of the Election Period and the Mailing of Forms of Election

    Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A, Euronext: BAMA) and Oaktree Capital Group, LLC (OAK) (“Oaktree”) today announced the immediate commencement of the election period and the commencement of the mailing of forms of election to registered holders of Oaktree Class A common units (“Class A units”) and holders of limited partnership units in Oaktree Capital Group Holdings L.P. whose units will be exchanged for equity interests in Oslo Holdings LLC (“SellerCo units”). At least five business days prior to the Election Deadline, Brookfield and Oaktree will issue another joint press release announcing the exact date of the Election Deadline. Brookfield and Oaktree continue to expect that the transactions contemplated by the merger agreement will close during the third quarter of 2019, subject to receipt of all required governmental approvals and other conditions necessary to complete the mergers.

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  • GlobeNewswire

    Early Warning Release

    TORONTO, Aug. 20, 2019 -- Brookfield Asset Management Inc. (“Brookfield”) and Macer Forest Holdings Inc. (“Macer”) report that Macer has acquired and Brookfield has disposed of.