BAM - Brookfield Asset Management Inc.

NYSE - NYSE Delayed Price. Currency in USD
57.42
-0.31 (-0.54%)
At close: 4:02PM EST
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Previous Close57.73
Open57.54
Bid57.39 x 1300
Ask57.30 x 1300
Day's Range57.08 - 57.98
52 Week Range36.58 - 58.10
Volume1,663,788
Avg. Volume1,745,983
Market Cap60.199B
Beta (3Y Monthly)1.04
PE Ratio (TTM)19.73
EPS (TTM)2.91
Earnings DateN/A
Forward Dividend & Yield0.64 (1.11%)
Ex-Dividend Date2019-11-27
1y Target Est63.06
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  • Bloomberg

    Brookfield Assets Cross Half Trillion Dollars, Helped by Oaktree

    (Bloomberg) -- Brookfield Asset Management Inc.’s said its assets swelled to more than half a trillion dollars at the end of the third quarter and it had over $65 billion in capital available to continue its spending spree.Assets ballooned to almost $511 billion after the Toronto-based alternative asset manager closed its purchase of a 61.2% stake in Oaktree Capital Group at the end of the quarter.“All of this positions us well for the coming several years,” Bruce Flatt, Brookfield chief executive officer said in a letter to investors Thursday with its quarterly results. “As our cash generation continues to grow, we will need to decide if, when, and how to return capital to shareholders.”The company’s next round of funds, including credit, should reach $100 billion, he said.Brookfield shares reached a record high of C$77.23 in Toronto and have gained 45% this year for a market value of about C$79 billion ($60 billion).Low RatesInstitutional investors are increasingly looking to alternative assets managers, like Brookfield, with interest rates low and potentially going lower when a global slowdown occurs, Flatt said.With rates in Japan and Europe already in negative territory, Brookfield believes the world is in a new phase of global rates in a range of -2% to 2% for the next five to seven years, he said.“This is particularly relevant for us and will positively impact on all asset values and businesses that generate cash,” he added.Fee-related earnings from the company before performance fees increased 35% year over year, excluding the impact of the Oaktree acquisition, which closed at quarter end, Brookfield said. Brookfield’s net income grew to $1.8 billion during the third quarter, from $941 million during the same period last year, it said.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Jacqueline Thorpe, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire

    Brookfield Asset Management Reports Third Quarter 2019 Net Income and FFO

    Net Income almost doubles to $1.8 billion or $0.91 per shareFFO of $826 million or $0.80 per share BROOKFIELD, NEWS, Nov. 14, 2019 --  Brookfield Asset Management Inc..

  • Moody's

    Reliance Industries Limited -- Moody's affirms RIL's Baa2 ratings; outlook stable

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  • Moody's

    TerraForm Global Operating LP -- Moody's announces completion of a periodic review of ratings of TerraForm Global Operating LP

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  • GlobeNewswire

    Brookfield Closes US$9 Billion Global Private Equity Fund

    BROOKFIELD NEWS, Nov. 04, 2019 -- Brookfield Asset Management Inc. (“Brookfield”) (NYSE: BAM, TSX: BAM.A) announced today the closing of its latest flagship global private.

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    Leith Wheeler Investment Funds 3rd-Quarter 2019 Quarterly Review

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    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.

  • Moody's

    TerraForm Power Operating LLC -- Moody's assigns Ba3 rating to Terraform Power Operating's new senior unsecured notes; affirms Ba3 CFR; stable outlook

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

  • 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.

  • 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.

  • Moody's

    Brookfield Residential Properties Inc. -- Moody's assigns B1 rating to BRPI's proposed $400 million senior unsecured notes

    Moody's Investors Service ("Moody's") assigned a B1 rating to Brookfield Residential Properties Inc.'s ("BRPI") proposed $400 million senior unsecured notes due 2027. The proceeds from the new notes coupled with $200 million from the company's revolving credit facility will be used to refinance the company's existing $600 million senior unsecured notes maturing in December 2020. This offering comes shortly after BRPI received approval from its existing debt holders to combine most of its US and Canadian real estate assets under one corporate structure.

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  • Moody's

    Wind Energy Transmission Texas, LLC -- Moody's withdraws the ratings of WETT Holdings and subsidiary Wind Energy Transmission Texas

    Moody's Investors Service ("Moody's") withdrew WETT Holdings, LLC's (WETT Holdings) Baa3 senior secured rating and subsidiary Wind Energy Transmission Texas, LLC's (WETT) A3 senior secured rating. At the time of the withdrawal the outlook for WETT Holdings was negative and the outlook for WETT was stable. Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings available on its website, www.moodys.com.