BAM - Brookfield Asset Management Inc.

NYSE - NYSE Delayed Price. Currency in USD
48.09
+0.01 (+0.02%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close48.08
Open48.07
Bid0.00 x 1800
Ask55.39 x 3100
Day's Range48.01 - 48.24
52 Week Range36.58 - 48.25
Volume1,194,341
Avg. Volume1,411,320
Market Cap46.079B
Beta (3Y Monthly)1.05
PE Ratio (TTM)14.14
EPS (TTM)3.40
Earnings DateN/A
Forward Dividend & Yield0.64 (1.37%)
Ex-Dividend Date2019-02-27
1y Target Est55.39
Trade prices are not sourced from all markets
  • Moody's17 hours ago

    Brookfield Property REIT Inc. -- Moody's rates Brookfield Property REIT's secured note at Ba3, affirms ratings, and assigns SGL-3 liquidity rating; rating outlook stable

    Moody's Investors Service has assigned a Ba3 rating to Brookfield Property REIT Inc.'s (BPR) proposed $750 million senior secured note due 2026 to be issued by BPR and its subsidiaries. The new issue proceeds will be used to repay the outstanding balance on the revolving credit facility and term loans.

  • 7 Stocks to Buy for Spring Season Growth
    InvestorPlace7 days ago

    7 Stocks to Buy for Spring Season Growth

    We're almost a month into the spring season, which is a great time to consider your favorite stocks to buy. If anything, the markets, as a product of human ingenuity, represents the collective, overriding sentiment. In other words, if people feel good about themselves and their prospects, the major indices will reflect this.However, this year's spring brings conflicting messages. On the pessimistic end of the scale, the U.S.-China trade war has extended much further than most political pundits anticipated. That includes President Donald Trump, who often boasts about his negotiating acumen. He really needs to seal the deal here in order to mitigate damage against affected sectors.But on the other end, The U.S. still has the greatest economy in the world. Plus, our labor market is incredibly robust, with unemployment still reading at multi-decade lows. Thus, even though consumer confidence sometimes wavers, investors have justification to buy into stocks on the rise.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks That Can Outperform for Years Ultimately, even the trade war will almost certainly find a productive resolution. After all, securing a happy medium for the number one and two economies in the world is a net positive. With that, here are seven stocks to buy this spring season: Spring Stocks to Buy: Amazon (AMZN)Source: Shutterstock E-commerce giant Amazon (NASDAQ:AMZN) is always a good choice among popular stocks to buy. For one thing, its core industry continues to gain relevancy. While America's shopping centers cope with a changing retail landscape, it's Amazon that has imposed that change. They're in the driver's seat, which by itself is a great reason to own AMZN stock.Usually, though, investors should stay away from tired arguments. The beauty about Amazon is that it's also one of the stocks on the rise this year. Unlike other organizations that may be tempted to rest on their laurels, Amazon finds new ways to disrupt businesses. This chip on their shoulder has driven AMZN stock past a $1 trillion market capitalization previously.I see shares getting there to stay, and then some. Obviously, the company dominates e-commerce, and they're making noise on the logistics end. They're an established powerhouse in cloud-computing services and content streaming. Recently, they dove into video games. AMZN is an unstoppable freight train, making it one of the best stocks to buy for any season, or reason. Brookfield Asset Management (BAM)Source: Governor Earl Ray Tomblin via FlickrPerusing the internet for investment-related articles, I noticed that not too many analysts focus on real estate as a viable arena when seeking stocks to buy. That might be a mistake, considering the incredible performance of Brookfield Asset Management (NYSE:BAM) shares. Year-to-date, BAM stock is up over 25%.But despite this technical surge, I can understand many investors' hesitancy. In the domestic market, real estate prices have ballooned to absurd levels. According to Rentcafe.com, the average rent for an apartment is $2,371. That's already bad enough. However, we're talking about an average size of 786 square feet! * 7 Mid-Cap Stocks to Find the Market's Sweet Spot This just doesn't seem sustainable. However, we also must remember that the mortgage industry no longer lends money to subprime borrowers. Thus, as crazy as prices are right now, we may not see a sharp correction. If so, you can expect BAM stock to continue riding its momentum. Hilton Hotels (HLT)Source: eGuide Travel via FlickrAmong this season's stocks to buy, Hilton Hotels (NYSE:HLT) has some pros and cons. Starting with the bad news first, international headwinds, such as the U.S.-China trade war, doesn't do HLT stock many favors. Over the years, Chinese tourists have flexed their muscles, and Hilton obviously wants a piece of that pie.On the other hand, HLT is certainly among the best-performing stocks on the rise. On a YTD basis, shares are up over 25%. In this month alone, HLT stock gained nearly 6%.While the famous hotelier may experience a corrective action in the markets, longer-term factors appear net positive. For instance, the dollar is still relatively strong compared to international currencies. Therefore, this incentivizes American tourists to travel to foreign countries and splurge.Another tailwind is Hilton's premium brand. Allegedly, the Trump tax cuts gave wealthy people more money. That might explain HLT and its status among stocks on the rise. AMC Entertainment (AMC)Source: Shutterstock Out of the stocks to buy mentioned on this list, I have a vested interest in AMC Entertainment (NYSE:AMC). That's because I own AMC stock, and I know many people who hold various roles at the cineplex operator. Plus, I'm a Premiere Stubs member, which entitles me to a free popcorn during my birth month.But as much as I'm bullish on AMC stock, I admit that the past several months were rough. Shares initially took off in late summer last year but crumbled under broader market pressures. Nevertheless, AMC is one of the stocks on the rise in 2019, gaining over 30% since the January opener. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? So why am I optimistic despite this volatility? It really comes down to the value proposition. While streaming has taken over the entertainment landscape, the box office offers an unparalleled consumer experience. Plus, taking your family out to the movies is a much cheaper form of escapism than going to a ballgame. RCI Hospitality (RICK)Source: Edkohler via FlickrAccording to population data, the most common birthday in the U.S. is Sept. 16. Through reverse-engineering, we can logically surmise that Americans get it on most frequently during the winter months. Maybe that helps explain why RCI Hospitality (NASDAQ:RICK) crashed last winter?Jokes aside, despite the severe volatility, I think RICK stock presents a great opportunity. For starters, RCI Hospitality is one of the recent stocks on the rise. Since the close of March 22, shares are up over 8%. Moreover, sex never goes out of style.This is an important point if this market upturn turns out to be a head-fake. During the last recession, so-called "gentlemen's clubs" performed very well. While it's not among the feel-good stocks to buy, RICK stock provides a quick and dirty boost to your portfolio. Sturm Ruger & Company (RGR)Source: Stephen Z via FlickrDue to mass shootings and fierce political opposition, firearms manufacturer Sturm Ruger & Company (NYSE:RGR) has fallen out of favor. However, an unbelievable occurrence in painfully liberal California may give RGR stock new life.For nearly two decades, California imposed a restriction on magazines that carry more than 10 rounds. That draconian -- liberals would say sensible -- measure was overturned by a federal judge before being legally challenged. However, this created a one-week period where Californians could rush to their local gun shops to stock up on magazines holding more than 10 rounds.The San Francisco Chronicle anguished that firearms retailers may have sold hundreds of thousands of these magazines. Not that I would know, but many southern California gun stores completely ran out of inventory before the deadline passed. * 7 AI Stocks to Watch with Strong Long-Term Narratives But how will this impact RGR stock? Simply put, Ruger makes AR-15 rifles that accept a variety of magazine sizes. Some people will find these rifles more fun to shoot with 30-plus rounds at their disposal, breathing new life to the platform. Manchester United (MANU)Source: Paul via Flickr (Modified)You don't find too many analysts incorporating Manchester United (NYSE:MANU) into their list of stocks to buy for a reason: unlike their underlying English soccer (or "football" for you snobs) team, MANU stock stinks. Over the last five years, shares moved up a very pedestrian 12%.So why even consider MANU stock for this spring season? This has all the appearance of a stock that makes you think this time it's different, only to disappoint yet again. Plus, sports-related investments don't have the greatest reputation. Sure, World Wresting Entertainment (NYSE:WWE) is making a killing, but how long did it basically drift sideways before that?Back to the original question: the answer is China. Out of all European soccer teams, Manchester United has the greatest following in China, totaling 107 million followers. For perspective, the U.K. has a population size of 66 million.However, Manchester United has jealous competitors. In response, management is developing "entertainment experiences" in China to further cement their popularity. It's not a guarantee that MANU stock will move higher. But if it's gonna happen, it just might happen this year.As of this writing, Josh Enomoto WAs long AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 7 Stocks to Buy for Spring Season Growth appeared first on InvestorPlace.

  • Better Buy: Brookfield Infrastructure Partners vs. Kinder Morgan
    Motley Fool10 days ago

    Better Buy: Brookfield Infrastructure Partners vs. Kinder Morgan

    If you are looking to invest in assets that generate reliable income, Brookfield Infrastructure and Kinder aren't interchangeable dividend plays.

  • GlobeNewswire12 days ago

    Brookfield Asset Management 2019 First Quarter Results and Annual Meeting Conference Call and Webcast For Investors and Analysts

    2019 First Quarter Conference CallDate:  Thursday, May 9, 2019Time:  11:00 a.m. (Eastern Time)Annual Meeting of ShareholdersDate:  Friday, June 14, 2019Time:  10:30 a.m..

  • Bloomberg14 days ago

    TransAlta Wins Glass Lewis Support, Activist File Challenge

    Meanwhile, Mangrove Partners and an entity controlled by C. John Wilder’s Bluescape Energy Partners, the two activist investors, filed an application with regulators in Ontario and Alberta on Tuesday seeking to force a second shareholder vote on the company’s proposed C$750 million ($563 million )investment from Brookfield Asset Management Inc., separating that tally from the company’s ballot on its directors. "Like any TransAlta shareholder, we cannot yet know whether the Company’s proposed investment from Brookfield is in the best interest of all shareholders, given signs of a rushed negotiation and the company’s limited disclosures," said Nathaniel August, Mangrove’s president, in a statement. When it announced the deal, TransAlta said it didn’t require a shareholder vote.

  • InvestorPlace14 days ago

    Macy’s Stock Continues to Benefit From Retailer’s Suburban Real Estate

    Macy's (NYSE:M) stock is about to get a shot in the arm thanks to its real estate partnership with Brookfield Asset Management (NYSE:BAM). The help comes as M stock is trying to climb back from its 52-week low.I had forgotten entirely about the department store's real estate gambit until I happened to read an article about it at the end of March. If you don't remember the details of the partnership, let me get you up to speed. InvestorPlace - Stock Market News, Stock Advice & Trading TipsInitially, Macy's gave Brookfield the exclusive rights to redevelop 50 Macy's stores within 24 months of signing the deal in November 2016. Now, more than two years later, Brookfield is moving ahead with its plans to extract higher value from those 50 properties. "The Brookfield alliance [gives] us greater flexibility to invest in our most productive and highest potential locations, and to make the most of our real estate assets," former Macy's CEO and Chairman Terry Lundgren said in a statement at the time. Current CEO Jeff Gennette is probably thanking his lucky stars his former boss signed that deal because with Brookfield's plans heating up, it takes the pressure off Macy's retail operations, which haven't performed all that well in a relatively strong economy. If you own Macy's stock, the Brookfield partnership could be the gift that keeps on giving. Here's why. Some of the ProjectsLast year, Macy's former CFO Karen Hoguet, confirmed that the retailer and Brookfield had agreed on terms for nine of the 50 projects with approximately two-thirds of the locations getting some redevelopment. * 8 Best Stocks to Buy for an April Rally Of those nine, six would involve adding retail shops on top of existing parking lots while the other three would be bigger, mixed-use developments. What's in it for Macy's financially?The Motley Fool's Adam Levine-Weinberg wrote a year ago that Macy's could generate $200 million from the redevelopment of 33 of the 50 properties, at a payoff of $6 million per property. However, that's a relatively conservative number that doesn't take into account Macy's accepting more of the risk in return for more of the cash flow down the road. A particularly interesting project is at its Hawthorn Mall in suburban Chicago. Macy's and Brookfield have proposed four new buildings on property adjacent to the mall. City officials in Vernon Hills, Illinois, think it's too much scale for this particular piece of property. Macy's is now debating whether to go ahead with just three buildings. Centennial Real Estate, which acquired Hawthorn Mall in December 2015, is eager to transform it into something beyond retail, with restaurants, hotels, and other non-retail uses. The point of all of these projects is to drive more traffic to the mall. While city officials are rightly concerned about a hodgepodge of buildings going up, Brookfield isn't in the business of delivering crappy solutions. It will figure out a way to work with Centennial to bring a comprehensive plan to the mall's redevelopment. The harder the project, the more Brookfield's ability to utilize its talent for getting difficult projects completed. Terry Lundgren picked the right group to partner on these projects. Bottom Line for Macy's StockMacy's finished fiscal 2018 with same-store-sales (SSS) growth of 1.7%, 390 basis points higher than fiscal 2017 and 520 bps higher than fiscal 2016. While its fourth-quarter SSS grew by only 0.4%, it did manage to increase online sales by double digits as it continues to create a better omnichannel experience for Macy's customers. * 7 Biometric Stocks to Watch as AI Rises Also, its Growth50 stores delivered better performance, on average, than its entire fleet of stores, a sign that the company's North Star Strategy is working. As it reduces the bloat in its executive ranks while continuing to invest in those areas that will deliver the highest returns, Macy's operating profits are likely to stabilize and grow, and Macy's stock price should ride those coattails.Macy's partnership with Brookfield is starting to see real progress. That means the stores where redevelopments are happening are likely to see increased traffic and stronger sales in the future. The combination of a slowly evolving retail operations plan from CEO Gennette, along with the ongoing transformation of some of its real estate suggests there are better days ahead for Macy's stock, which continues to trade near five-year lows.As my InvestorPlace colleague, Luke Lango wrote recently, M stock is unreasonably undervalued at the moment. 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 * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post Macy's Stock Continues to Benefit From Retailer's Suburban Real Estate appeared first on InvestorPlace.

  • Better Buy: Brookfield Renewable Partners vs. Enterprise Products Partners
    Motley Fool15 days ago

    Better Buy: Brookfield Renewable Partners vs. Enterprise Products Partners

    These two high-yield partnerships both have exciting prospects. Which is the better buy is a tough decision -- here's a primer to help you decide.

  • Canada’s Brookfield to Consider $2 Billion Property Deal in Shanghai
    Bloomberg20 days ago

    Canada’s Brookfield to Consider $2 Billion Property Deal in Shanghai

    Brookfield Strategic Real Estate Partners III is considering buying three office towers and a retail mall at Greenland Huangpu Center from a unit of Greenland Hong Kong Holdings Ltd., the people said, asking not to be identified because the details aren’t public. A transaction of that size would rank among the biggest commercial property deals in China by a foreign firm. Singapore’s CapitaLand Ltd. and GIC Pte spent 12.8 billion yuan ($1.9 billion) in November for Shanghai’s tallest twin towers, located along the city’s North Bund.

  • AllianceBernstein Closes Autonomous Research Acquisition
    Zacks21 days ago

    AllianceBernstein Closes Autonomous Research Acquisition

    The buyout of Autonomous Research will likely improve AllianceBernstein's (AB) product offerings and support revenues.

  • TransAlta Rips Activists for Share Demand, ‘Dead End’ Coal Idea
    Bloomberg21 days ago

    TransAlta Rips Activists for Share Demand, ‘Dead End’ Coal Idea

    Mangrove Partners and an entity controlled by C. John Wilder’s Bluescape Energy Partners LLC asked TransAlta to issue Wilder C$150 million ($113 million) of discounted shares as part of a proposed settlement agreement last month. TransAlta, which instead agreed to a C$750 million investment from Brookfield Asset Management Inc., said the activists should have accepted its offer to put Wilder and a mutually agreed-upon director on its board. “Had the dissidents accepted our offer, Mr. Wilder would have a seat at the Board table,” TransAlta Chairman Gordon Giffin said in a statement.

  • GuruFocus.com22 days ago

    Howard Marks Opposes Leftist Politics in Memo 'Growing the Pie'

    Howard Marks (Trades, Portfolio) on Monday allayed worries that the purchase of a majority stake in his firm, Oaktree Capital (OAK), by Brookfield Asset Management (BAM) in March would end his famous periodic memos. Warning! GuruFocus has detected 6 Warning Signs with BAM.

  • GlobeNewswire22 days ago

    Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Oaktree Capital Group, LLC (OAK) on Behalf of Stockholders and Encourages OAK Investors to Contact the Firm

    NEW YORK, April 01, 2019 -- Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Oaktree Capital Group, LLC (NYSE: OAK) on behalf.

  • Is the Macy's-Brookfield Partnership Finally Making Headway?
    Motley Fool23 days ago

    Is the Macy's-Brookfield Partnership Finally Making Headway?

    New buildings could soon start to pop up on excess parking lot space controlled by Macy's.

  • 3 Solar Stocks to Add to Your Watchlist
    Motley Fool24 days ago

    3 Solar Stocks to Add to Your Watchlist

    These top solar stocks are worth keeping an eye on this month.

  • GlobeNewswire25 days ago

    Brookfield Asset Management Completes Annual Filings

    BROOKFIELD, March 29, 2019 -- Brookfield Asset Management Inc. (NYSE: BAM) (TSX: BAM.A) (Euronext: BAMA) announced today that it has filed its 2018 annual materials on.

  • Brookfield Shuns ‘Eat-What-You-Kill’ in Private Equity Build-Out
    Bloomberg27 days ago

    Brookfield Shuns ‘Eat-What-You-Kill’ in Private Equity Build-Out

    An ethos of collaboration is deeply rooted in the 120-year-old Canadian firm and permeates its open-floor offices worldwide, top executives say. “It’s the opposite of an eat-what-you-kill mentality,” Ron Bloom, a managing partner in Brookfield’s private equity group, said in an interview at Bloomberg’s headquarters in New York.

  • Brookfield Set to Invest $559 Million in Canada's TransAlta
    Bloomberg28 days ago

    Brookfield Set to Invest $559 Million in Canada's TransAlta

    Brookfield could also increase its stake in the Calgary-based utility to about 9 percent under certain conditions, according to a statement Monday. The deal allows Brookfield to convert its investment into an equity interest in TransAlta’s Alberta hydro assets at a later date. The investment is being made through Brookfield’s publicly traded renewable-energy arm, Brookfield Renewable Partners.

  • Reuters28 days ago

    Brookfield to invest C$750 mln in TransAlta's clean energy push

    Canada's TransAlta Corp said on Monday Brookfield Asset Management will invest C$750 million ($559.1 million) in the company as it aims to become a clean energy producer by 2025. The investment from Brookfield Renewable Partners, majority owned by the Canada-based asset manager, will be convertible to an ownership in TransAlta's hydro assets in Alberta in the future, TransAlta said in a statement. Brookfield currently owns about 5 percent in the company.

  • 7 Dual-Class Stocks That Will Outperform
    InvestorPlacelast month

    7 Dual-Class Stocks That Will Outperform

    Dual-class stocks to buy are in the news again. Lyft, the ride-hailing app, is looking to go public. On March 18, the company filed an amended preliminary prospectus with the SEC that suggests it will offer almost 31 million of its Class A shares between $62 and $68 a share, valuing it at $23 billion or more.It's very popular with investors, already oversubscribed with a week left until it officially starts trading. People can't get enough of Lyft stock. However, many institutional investors aren't happy about the company's dual-class share structure, sending a letter to Lyft asking that it include a sunset clause in its IPO regulatory filings. Under a sunset clause, the company would designate a future date at which time the dual-class share structure would convert into a one share, one vote scenario. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese institutional investors don't like the fact that the company's two founders will control 60% of the votes with just a 7% economic interest. They're especially frustrated because Lyft currently operates a one share, one vote structure as a private company. Love them or hate them, dual-class share structures will always be attractive to entrepreneurs who worry that the short-termism that's so prevalent in Wall Street companies is harmful to a company's long-term success. * 7 Beaten-Up Stocks to Buy as They Reverse Course I happen to believe that dual-class share structures, in the hands of good corporate stewards, can deliver above-average rewards, then companies without them.To demonstrate what I mean, here are seven dual-class stocks to buy now. Dual-Class Stocks to Buy: Brown-Forman (BF.B, BF.A)Source: Shutterstock George Garvin Brown IV is the chairman of Brown-Forman (NYSE:BF.A, NYSE:BF.B), the Louisville distiller behind Jack Daniel's and other whisky brands. The Brown family control more than 50% of the company's Class A shares. The Class B shares do not come with votes providing the family with a built-in succession plan. It's the ultimate family business. When George Garvin Brown became chairman in 2007, he went to work with former CEO Paul Varga -- Varga retired December 31, 2018, after 15 years in the top job -- to create a "family engagement" committee to keep all the Brown family members, most of whom didn't work at the company, engaged and informed, so that a dual-class share structure wasn't the only thing keeping it in the familial hands. "It's their biggest asset; it's what makes them unique," said Professor Lloyd Shefsky in 2015. "But there has to be something more for people to go through the extra effort, and sometimes trauma, of continuing family ownership of the business. … Families generally don't work on that enough."Since Brown IV has been chairman, Brown-Forman stock has appreciated by 493%, or 16.7% annualized. Not bad considering he took over at a time when the economy was ready to collapse, and nobody was drinking whisky. Boy, have times changed. Constellation Brands (STZ, STZ.B)Source: Shutterstock Lost in the excitement of Constellation Brands' (NYSE:STZ, NYSE:STZ.B) multi-billion-dollar cannabis investment is the fact that the company has a dual-class share structure, with Class A shares getting one vote per share while Class B shares get 10 votes each. Brothers Rob and Richard Sands control the company by owning almost all of its Class B shares. Overall, they have 59% of the all the votes, which translates into a 16% economic interest in Constellation Brands.Recently, Rob Sands stepped down as CEO, to become executive chairman, with the COO, Bill Newlands, stepping into the top role. Rob Sands was the driving force behind Constellation Brands making a $4 billion investment in Canopy Growth (NYSE:CGC). As executive chairman, he'll oversee the company's investment including its push into cannabis-infused drinks. Whether you're talking about its bold move to buy the Modelo beer business in the U.S. a few years ago or its efforts to add a platform for growth beyond beer, spirits, and wine, there's a good chance none of this happens if the Sands' brothers didn't have the ability to look well into the future. * 10 Stocks on the Rise Heading Into the Second Quarter Institutions might hate the idea that someone with 16% ownership, controls the business, but when you consider how much effort the family has put into the company -- father Marvin founded it in 1945 -- I wouldn't want anyone else other than the Sands calling the shots. They dream big, and shareholders will be rewarded over the long haul for allowing them to do so. Dual-Class Stocks to Buy: Brookfield Asset Management (BAM)Source: Shutterstock If you're not familiar with the alternative asset manager that recently acquired 62% of Los Angeles-based Oaktree Capital (NYSE:OAK) for more than $4 billion, Brookfield Asset Management (NYSE:BAM) is now about the same size as Blackstone (NYSE:BX) in terms of assets under management. Brookfield CEO Bruce Flatt got a new platform for growth in credit and distressed debt while adding to the company's bench -- Oaktree co-founder Howard Marks will remain at Oaktree for the foreseeable future -- and more importantly, making Brookfield a full-service asset manager. "Brookfield is a leading player in infrastructure, real assets and real estate," David Fann of TorreyCove Capital Partners said about the deal. "Oaktree is a dominant distressed debt player. After this deal, Brookfield will become a major global provider of alternative investments with offerings that work in both up and down markets."Again, I'll make my point. The dual-class share structure is only a problem in the absence of talent and vision. Bruce Flatt has plenty of both. Estee Lauder (EL)Source: Shutterstock 2018 wasn't a great year for long-time Estee Lauder (NYSE:EL) shareholders; its stock delivered an annual total return of 3.5%. That's okay. As bad as that might seem, it was still 787 basis points higher than the S&P 500. And besides, it's up 24.5% year to date, and if it can hold those gains this is the fifth year in the past decade with an annual total return more than 20%. If you invested $10,000 in Estee Lauder stock a decade ago, today you'd have more than $145,000.Led by CEO Fabrizio Freda, who has been in the top job since 2009, the executive chairman's role is held by William Lauder, who was CEO for a short time before Freda joined the company. The Lauders, who control the company with 87% of the votes, have four board seats out of a total of 16, ensuring that the business goes where they want it to go. I first recommended Estee Lauder stock in April 2013. Since then, I've suggested it on several occasions into 2019. * 5 Cloud Stocks to Help Your Portfolio Fly As consumer stocks go, I like it as long as the Lauder family has a control position in the company. They know how to exert influence without getting in the way. Nike (NKE)Source: Shutterstock Whenever you read about Nike (NYSE:NKE), it's rare that you see anything that talks about Phil Knight's baby having a dual-class share structure, but it surely does, although not in an obvious way. It has Class A and Class B shares, but there's no 10:1 ratio in terms of votes, or 20:1 in the case of Lyft. No, it uses a more subtle form of control. If you dig into the proxy, you'll see that Class A shareholders elect 75% of the board members and Class B shareholders to elect the rest. Currently, there are 12 directors with nine voted on by the Class A shareholders and three voted on by the Class B shareholders. Care to guess who one of the Class A shareholders is? None other than Travis Knight, Phil Knight's son. Another thing you'll notice is that Swoosh LLC holds 78% of the Class A shares ensuring that Nike's board is stacked with people the founder can trust. It's a slightly different take on the dual-class share structure, but it ultimately is intended to ensure that the company maintains the vision of its founder. As successful as Nike has been, what's not to like? Square (SQ)Source: Via SquareJack Dorsey is CEO of both Square (NYSE:SQ) and Twitter (NYSE:TWTR). Square went public in November 2015; Twitter IPO'd two years earlier in November 2013. Interestingly, Twitter chose to issue only one class of shares, but Square decided to issue two classes. Why is that?Well, a Wall Street Journal article in August 2015, before the company went public, used an interesting analogy with Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), then known as Google, that might provide a clue. "From a governance perspective, investors could view 'Alphabet less as a public company than a public-private company hybrid,'" the Journal's Emily Chastan stated at the time, quoting corporate governance expert John Wilson. "Because the company has an unequal voting structure, the founders of Google are uniquely able to take risky bets on new technology, while simultaneously growing the company's mature search and advertising business."So, it's possible that Dorsey and company felt that Square needed greater oversight and control, protecting it from the short-term nature of most investors. We'll probably never know for sure. However, what we do know is that Dorsey has 45% of Square's voting power, but only 16% of its equity, whose shares are worth $4.9 billion. Over at Twitter, he has 2.4% of the equity, worth $586 million. Considering Square's market cap is 32% greater than Twitter's, it seems Dorsey made the right call. Dual-Class Stocks to Buy: Berkshire Hathaway (BRK.A, BRK.B)Source: Shutterstock If it weren't for unit investment trusts, you might not be able to buy Class B shares of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) today. Warren Buffett introduced a second class of shares in May 1996 in response to regular investors seeking a backdoor by buying units of these trusts to get a piece of the Class A shares, which were trading around $22,000 at the time. Baby B's would be worth 1/30th the value of the Class A shares and 1/10,000th the voting rights. "As I have told you before, we made this sale in response to the threatened creation of unit trusts that would have marketed themselves as Berkshire look-alikes. In the process, they would have used our past, and definitely nonrepeatable, record to entice naive small investors and would have charged these innocents high fees and commissions," Buffett wrote in the company's 1996 shareholder's letter. How about that, even back then, the Oracle of Omaha was railing against high fees in the mutual fund business. Almost 15 years after issuing the B shares, Berkshire Hathaway split them 50-to-1 so that Burlington Northern shareholders could share in the company's future success. Today, the B shares are worth 1/1,500th of a Class A share while the voting rights have stayed the same. If not for Warren Buffett's stand on fees a long time ago, a lot fewer people would likely own the company's stock. That would be a bad thing. 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 * 7 Retail Stocks That Will Continue to Rebound in 2019 * 5 Stocks To Buy for the Happiest Employees * 7 ETFs for a Millennial Portfolio Compare Brokers The post 7 Dual-Class Stocks That Will Outperform appeared first on InvestorPlace.

  • GlobeNewswirelast month

    Brookfield Asset Management Announces Results of Conversion of its Series 34 Preferred Shares

    BROOKFIELD, NEWS, March 20, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM, Euronext: BAMA) today announced that after having taken into account all election.

  • Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?
    Skiftlast month

    Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield?

    One of India’s storied hotel brands, Leela, is going to the house of Canadian company Brookfield Asset Management, along with four of five Leela hotels owned by insolvent Hotel Leelaventure. The deal was disclosed by Hotel Leelaventure in a stock exchange filing earlier this week. A Brookfield-sponsored private real estate fund will pay $576.4 million […] The post Can India’s Leela Hotel Brand Be the Same Under Asset Manager Brookfield? appeared first on Skift.

  • 3 Reasons TerraForm Power's CEO Believes 2018 Was a Smashing Success
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    (Reuters) - India's Hotel Leela Venture Ltd said on Monday it would sell four of its hotels and a property to a fund sponsored by Canada's Brookfield Asset Management for 39.50 billion rupees ($576.41 ...