Brookfield Asset Management (A)

BAM.A-T

TSE:BAM.A

55.60
0.17 (0.30%)
Brookfield Asset Management Inc. is a global alternative asset manager with approximately $285 billion of assets under management, focusing on real estate, renewable power, infrastructure and private equity.
More at Wikipedia

Analysis and Opinions about BAM.A-T

Signal
Opinion
Expert
Chart
PAST TOP PICK
PAST TOP PICK
May 4, 2021
(A Top Pick May 01/20, Up 22%) They're privatizing their office holdings; they're contrarian value investors. Brookfield Property Partners shares were very depressed, give Covid and low vacancy rates but also problem pre-pandemic in their malls. They're offering a premium of 60-65 cents on the dollar which is good (https://www.globenewswire.com/news-release/2021/04/01/2203137/0/en/Brookfield-Asset-Management-Reaches-Agreement-with-Brookfield-Property-Partners-to-Acquire-100-of-BPY-Units.html). They saw an opportunity to buy an asset. He also likes their private equity, credit, renewable energy and infrastructure businesses.
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(A Top Pick May 01/20, Up 22%) They're privatizing their office holdings; they're contrarian value investors. Brookfield Property Partners shares were very depressed, give Covid and low vacancy rates but also problem pre-pandemic in their malls. They're offering a premium of 60-65 cents on the dollar which is good (https://www.globenewswire.com/news-release/2021/04/01/2203137/0/en/Brookfield-Asset-Management-Reaches-Agreement-with-Brookfield-Property-Partners-to-Acquire-100-of-BPY-Units.html). They saw an opportunity to buy an asset. He also likes their private equity, credit, renewable energy and infrastructure businesses.
Brian Madden
Price
$55.610
Owned
Yes
BUY
BUY
April 21, 2021

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company uses a lot of debt and so could be squeezed by higher interest rates. However, if the higher rates are accompanied by strong economic growth and inflation, the assets it holds will likely increase too. Insurance companies due well with higher rates. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company uses a lot of debt and so could be squeezed by higher interest rates. However, if the higher rates are accompanied by strong economic growth and inflation, the assets it holds will likely increase too. Insurance companies due well with higher rates. Unlock Premium - Try 5i Free

TOP PICK
TOP PICK
April 15, 2021

Should do well going forward in their 5 areas: property, infrastructure, credit, renewables, private equity. Will benefit as more institutions allocate funds to the types of alternative assets that BAM holds. Yield is 1.14%. (Analysts’ price target is $66.95)

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Should do well going forward in their 5 areas: property, infrastructure, credit, renewables, private equity. Will benefit as more institutions allocate funds to the types of alternative assets that BAM holds. Yield is 1.14%. (Analysts’ price target is $66.95)

Christine Poole
Price
$57.710
Owned
Yes
BUY
BUY
April 6, 2021
The BAM-BPY deal where BAM will buy out this subsidiary. Caller is selling BPY on a gain. Should I take the BPY preferred (offered in this deal) or buy it on my own? He's looking for a dividend and believes in Brookfield management. If you can, get the preferred BPY in this deal, because it pays a good yield. To buy separately or not, he doesn't know. Most investors prefer to own BAM, because management holds a lot of shares. They do a very good job of buying interesting assets cheaply. Owning BAM is as good as owning other Brookfield stocks/businesses.
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The BAM-BPY deal where BAM will buy out this subsidiary. Caller is selling BPY on a gain. Should I take the BPY preferred (offered in this deal) or buy it on my own? He's looking for a dividend and believes in Brookfield management. If you can, get the preferred BPY in this deal, because it pays a good yield. To buy separately or not, he doesn't know. Most investors prefer to own BAM, because management holds a lot of shares. They do a very good job of buying interesting assets cheaply. Owning BAM is as good as owning other Brookfield stocks/businesses.
Paul Harris, CFA
Price
$56.490
Owned
Unknown
TOP PICK
TOP PICK
March 29, 2021
Most Canadians should have exposure to private assets in their portfolio. You will see increases in valuation. (Analysts’ price target is $66.64)
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Most Canadians should have exposure to private assets in their portfolio. You will see increases in valuation. (Analysts’ price target is $66.64)
PAST TOP PICK
PAST TOP PICK
March 16, 2021
(A Top Pick Mar 13/20, Up 12%) She would buy it again. They're in 4 verticals: property, infrastructure, renewables and private equity. In 2019, they added Oak Tree Capital, a US company specializing in distressed debt, which doubled Brookfield's client base. BAM is well-positioned as management expects interest rates to remain low for a long time. More pension funds are putting money into alternative assets, which is BAM's business Brookfield is raising additional funds to deploy. Mark Carney will head their impact investing division. BAM has a great outlook.
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(A Top Pick Mar 13/20, Up 12%) She would buy it again. They're in 4 verticals: property, infrastructure, renewables and private equity. In 2019, they added Oak Tree Capital, a US company specializing in distressed debt, which doubled Brookfield's client base. BAM is well-positioned as management expects interest rates to remain low for a long time. More pension funds are putting money into alternative assets, which is BAM's business Brookfield is raising additional funds to deploy. Mark Carney will head their impact investing division. BAM has a great outlook.
Christine Poole
Price
$54.430
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 12, 2021
(A Top Pick Mar 11/20, Up 11%) Was a play on bond yields shrinking. They have alternative businesses to bond yields. Asset management, infrastructure and renewable businesses. This stock would still work, but the property division is a headwind for them in the short term. The rest of the business is working well. He hopes that in the longer-term the real estate double down works for them.
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(A Top Pick Mar 11/20, Up 11%) Was a play on bond yields shrinking. They have alternative businesses to bond yields. Asset management, infrastructure and renewable businesses. This stock would still work, but the property division is a headwind for them in the short term. The rest of the business is working well. He hopes that in the longer-term the real estate double down works for them.
Greg Newman
Price
$54.300
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
March 9, 2021
Long-time big fan of this. Superb leadership that continues to allocate capital very well. They've spun out wonderful sister companies over the years. His only issue with it is that it always looks expensive, but that's a tribute to him. He wants to buy this at a lower price, but keeps missing his chance.
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Long-time big fan of this. Superb leadership that continues to allocate capital very well. They've spun out wonderful sister companies over the years. His only issue with it is that it always looks expensive, but that's a tribute to him. He wants to buy this at a lower price, but keeps missing his chance.
Michael Sprung
Price
$53.830
Owned
No
PAST TOP PICK
PAST TOP PICK
February 16, 2021
(A Top Pick Sep 02/20, Up 21%) The Brookfield stocks were underpriced, given their complicated structure. BAM is a good core name for anyone in the Canadian market. This will benefit from more infrastructure activity. The CEO feels that the market undervalues this a lot, and the CEO expects share price to increase exponentially. It's a core holding for a long time.
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(A Top Pick Sep 02/20, Up 21%) The Brookfield stocks were underpriced, given their complicated structure. BAM is a good core name for anyone in the Canadian market. This will benefit from more infrastructure activity. The CEO feels that the market undervalues this a lot, and the CEO expects share price to increase exponentially. It's a core holding for a long time.
Cole Kachur
Price
$55.220
Owned
Yes
BUY
BUY
February 12, 2021

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The CEO has said he thinks shares are undervalued by around 40%. The results look fine to 5i. Cash flow per share strongly outperformed estimates at $1.34 instead of 66 cents. It was the company’s best quarter ever with a dividend increase of 8%. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The CEO has said he thinks shares are undervalued by around 40%. The results look fine to 5i. Cash flow per share strongly outperformed estimates at $1.34 instead of 66 cents. It was the company’s best quarter ever with a dividend increase of 8%. Unlock Premium - Try 5i Free

BUY
BUY
January 12, 2021

He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.

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He expects BAM to take it over and it's a good thing to keep BPY within Brookfield/BAM. The deal is accretive for BAM which he really likes. About BPY, you don't want to own these assets (offices, large retail) during this pandemic. Better to own apartments and industrials. BAM fell 5% on news of the takeover, but investors don't understand how accretive this deal is. BAM is a fantastic asset allocator; he wouldn't bet against them.

Paul Gardner, CFA
Price
$49.470
Owned
Unknown
WATCH
WATCH
January 11, 2021
The valuation now is at its ten year high. You would need earnings to become stronger. It has had its move for now.
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The valuation now is at its ten year high. You would need earnings to become stronger. It has had its move for now.
Ross Healy
Price
$49.040
Owned
Unknown
TOP PICK
TOP PICK
January 8, 2021

Their proposal to acquire BPY saw the stock sell off by 5%. However, this sell-off has seen the price go down to his buy price of 13.5x adjusted funds from operations, around $50. A phenomenal compounder for longterm investors. Creates value efficiently for shareholders. There is a lot of demand for the types of assets they own in this environment. (Analysts’ price target is $61.69)

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Their proposal to acquire BPY saw the stock sell off by 5%. However, this sell-off has seen the price go down to his buy price of 13.5x adjusted funds from operations, around $50. A phenomenal compounder for longterm investors. Creates value efficiently for shareholders. There is a lot of demand for the types of assets they own in this environment. (Analysts’ price target is $61.69)

Chris Blumas
Price
$49.625
Owned
Yes
COMMENT
COMMENT
January 4, 2021

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their bid for BPY is a bet on the future of the real estate market. They would get the shares at a discount to where they were pre-pandemic. It will depend on future environments but it is likely a good long term move. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their bid for BPY is a bet on the future of the real estate market. They would get the shares at a discount to where they were pre-pandemic. It will depend on future environments but it is likely a good long term move. Unlock Premium - Try 5i Free

COMMENT
COMMENT
December 22, 2020

BAM vs. BIP.UN The Brookfield companies are complex. BIP is exposed to the large-office property market. Companies are reducing their footprint here, so he's less bullish in this sector. However, he expects massive private investment as governments sell infrastructure to pay down debt, so private companies like this can take advantage. He'd favour BIP for this reason.

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BAM vs. BIP.UN The Brookfield companies are complex. BIP is exposed to the large-office property market. Companies are reducing their footprint here, so he's less bullish in this sector. However, he expects massive private investment as governments sell infrastructure to pay down debt, so private companies like this can take advantage. He'd favour BIP for this reason.

Lorne Steinberg
Price
$51.120
Owned
Unknown
BUY
BUY
December 15, 2020
Concerned about their debt levels Good point. It's a global asset manager of hard assets. There's a big wave of money that needs to find a home but can't go into the bond markets given very low rates. So, a lot of money uses Brookfield to buy hard asset and collect fees on them; this trend won't stop. BAM's success will continue. Their debt is tricky--Brookfield Property Partners makes up 15% of Brookfield, but BPP troubled because of it holds shopping malls. And yet, BPP's woes don't effect the rest of the Brookfield group. They run a very tight financial ship. BAM is a core holding.
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Concerned about their debt levels Good point. It's a global asset manager of hard assets. There's a big wave of money that needs to find a home but can't go into the bond markets given very low rates. So, a lot of money uses Brookfield to buy hard asset and collect fees on them; this trend won't stop. BAM's success will continue. Their debt is tricky--Brookfield Property Partners makes up 15% of Brookfield, but BPP troubled because of it holds shopping malls. And yet, BPP's woes don't effect the rest of the Brookfield group. They run a very tight financial ship. BAM is a core holding.
Bill Harris, CFA
Price
$52.230
Owned
Yes
TOP PICK
TOP PICK
November 11, 2020

Remains a great alternative to low bond yields. Private equity and active management continue to be about 50% of the business, and that's where the growth is. Infrastructure and renewables have good steady eddy growth. Compelling on a PEG basis. Sees dividend growing at 10%. Yield is 1.27%. (Analysts’ price target is $56.55)

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Remains a great alternative to low bond yields. Private equity and active management continue to be about 50% of the business, and that's where the growth is. Infrastructure and renewables have good steady eddy growth. Compelling on a PEG basis. Sees dividend growing at 10%. Yield is 1.27%. (Analysts’ price target is $56.55)

Greg Newman
Price
$37.640
Owned
Yes
WATCH
WATCH
November 4, 2020

There is no alternative, it's so unique. Leader in private equity asset management space. Doesn't own, as the real estate part worries him. He does own BIP.UN and BEP.UN, as these are the least risky parts of Brookfield with the larger dividend. Watching it to see how real estate fares with the pandemic and possibly switching into BAM.A. He is still not sure since change in retail and office space behaviour is still new and we do not know how ugly it will be. 

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There is no alternative, it's so unique. Leader in private equity asset management space. Doesn't own, as the real estate part worries him. He does own BIP.UN and BEP.UN, as these are the least risky parts of Brookfield with the larger dividend. Watching it to see how real estate fares with the pandemic and possibly switching into BAM.A. He is still not sure since change in retail and office space behaviour is still new and we do not know how ugly it will be. 

Ryan Bushell
Price
$42.000
Owned
No
DON'T BUY
DON'T BUY
October 5, 2020

Although the analyst says ETF, BAM.A is an asset management firm. The companies are all kind of the same. Anyone who is in the ETFs should look out. He suggests avoiding the name. The balance sheets are bank-like so they need to earn huge earnings to match their balance sheet and they don’t. They are pro-cyclical. As prices start to fall then the pro-cyclicality will start to reverse itself. These stocks are not a good place to be.

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Although the analyst says ETF, BAM.A is an asset management firm. The companies are all kind of the same. Anyone who is in the ETFs should look out. He suggests avoiding the name. The balance sheets are bank-like so they need to earn huge earnings to match their balance sheet and they don’t. They are pro-cyclical. As prices start to fall then the pro-cyclicality will start to reverse itself. These stocks are not a good place to be.

Brian Acker, CA
Price
$45.070
Owned
Unknown
HOLD
HOLD
October 2, 2020
He likes the company, and their recent investor day presentations were very clear. He is sticking it through with the management team.
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He likes the company, and their recent investor day presentations were very clear. He is sticking it through with the management team.
Barry Schwartz
Price
$44.810
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 23, 2020

Billy Kawasaki’s Insights - Picks from 5i Research. The recent weakness should be considered an opportunity. Management tends to take a long term investment strategy that may clash with investor desire for short term moves. The company has a good track record and there is little concern in the long term. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Picks from 5i Research. The recent weakness should be considered an opportunity. Management tends to take a long term investment strategy that may clash with investor desire for short term moves. The company has a good track record and there is little concern in the long term. Unlock Premium - Try 5i Free

DON'T BUY
DON'T BUY
September 22, 2020

Complicated to value, but it's a diversified cash machine. Pays a modest dividend. Prefers BIP and Brookfield Renewable which pays more. You're better on the asset appreciation, not the dividend.

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Complicated to value, but it's a diversified cash machine. Pays a modest dividend. Prefers BIP and Brookfield Renewable which pays more. You're better on the asset appreciation, not the dividend.

BUY
BUY
September 15, 2020

Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.

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Blackstone vs. KKR Both good and both are global players. She likes the private equity space, and the way to invest here is through stocks like these. She plays this space through BAM. All have a strong global presence. Private equity will see continued secular growth with interest rates staying near zero. Large institutions are seeking returns in private equity and infrastructure and will invest more here.

Christine Poole
Price
$43.680
Owned
Yes
BUY
BUY
September 14, 2020
It is a conglomerate that has done a great job of narrowing their NAV. It is a great story. One of the issues they face is that more and more people are moving into alternative assets so the competition is hotter from the pension side as well as general asset management side.
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It is a conglomerate that has done a great job of narrowing their NAV. It is a great story. One of the issues they face is that more and more people are moving into alternative assets so the competition is hotter from the pension side as well as general asset management side.
Paul Harris, CFA
Price
$43.550
Owned
Unknown
TOP PICK
TOP PICK
September 8, 2020
Shares were hit in April, when he stepped in. A great asset management franchise for long-term investors. Historically, whenever you bought Brookfield shares below NAV, you did well long term. If interest rates were at 5-10%, it would hammer this stock because they buy assets using debt strategically, but rates will stay anchored near zero. Investors will need to own global, diversified, alternative assets. Huge growth on their renewable side too. BAM is in the sweet spot. (Analysts’ price target is $53.95)
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Shares were hit in April, when he stepped in. A great asset management franchise for long-term investors. Historically, whenever you bought Brookfield shares below NAV, you did well long term. If interest rates were at 5-10%, it would hammer this stock because they buy assets using debt strategically, but rates will stay anchored near zero. Investors will need to own global, diversified, alternative assets. Huge growth on their renewable side too. BAM is in the sweet spot. (Analysts’ price target is $53.95)
Bryden Teich
Price
$43.420
Owned
Yes
BUY
BUY
September 7, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Low interest rates benefit the company but the company’s success is not necessarily contingent on it. A quick jump in rates might disrupt the stock as would other companies. BAM.A is not investing in low returning projects just because of low rates. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Low interest rates benefit the company but the company’s success is not necessarily contingent on it. A quick jump in rates might disrupt the stock as would other companies. BAM.A is not investing in low returning projects just because of low rates. Unlock Premium - Try 5i Free

TOP PICK
TOP PICK
September 2, 2020
Get exposure to a lot of different areas. Likes the addition of Mark Carney to the ESG progam, where there's a ton of opportunity. Inching its way back up to the $50-60 range. Can buy and hold for a really long time. Yield is 1.41%. (Analysts’ price target is $53.95)
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Get exposure to a lot of different areas. Likes the addition of Mark Carney to the ESG progam, where there's a ton of opportunity. Inching its way back up to the $50-60 range. Can buy and hold for a really long time. Yield is 1.41%. (Analysts’ price target is $53.95)
Cole Kachur
Price
$44.370
Owned
No
BUY
BUY
August 31, 2020

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There has been some negative sentiment for their mall holdings. However, the malls are prime real estate in major urban areas. The risk is even smaller when comparing their real estate exposure to their other business potential. Analysts expect BAM to put money up for buybacks. Unlock Premium - Try 5i Free

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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. There has been some negative sentiment for their mall holdings. However, the malls are prime real estate in major urban areas. The risk is even smaller when comparing their real estate exposure to their other business potential. Analysts expect BAM to put money up for buybacks. Unlock Premium - Try 5i Free

HOLD
HOLD
August 28, 2020
All of the funds funnel money back to the mothership. Executives also own the main Brookfield stock more than the subsidiaries. There is heavy office, mall and real estate hold up. It will recover back to its growth projectory once things normalize.
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All of the funds funnel money back to the mothership. Executives also own the main Brookfield stock more than the subsidiaries. There is heavy office, mall and real estate hold up. It will recover back to its growth projectory once things normalize.
Bill Harris, CFA
Price
$45.570
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
August 25, 2020
(A Top Pick Aug 02/19, Up 5%) It's a favoured holding because Brookfield has its hands in many business. It's his way to invest in alternative strategies, namely private equity without paying the extra costs. BAM is getting hit on the property REIT side, but doing well in renewables and infrastructure. Also, they derive dividends from subsidiaries and they charge fees for all the hedge funds they run. Their Oak Tree purchase was another notch in its belt, because Oak Tree buys distressed debt at very low prices, as they did during the March plunge. They keep increasing their dividend by 10% annually (while globally dividend payouts have dropped 23%), which indicates strong free cash flow. BAM is probably sniffing around for more bargain buys.
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(A Top Pick Aug 02/19, Up 5%) It's a favoured holding because Brookfield has its hands in many business. It's his way to invest in alternative strategies, namely private equity without paying the extra costs. BAM is getting hit on the property REIT side, but doing well in renewables and infrastructure. Also, they derive dividends from subsidiaries and they charge fees for all the hedge funds they run. Their Oak Tree purchase was another notch in its belt, because Oak Tree buys distressed debt at very low prices, as they did during the March plunge. They keep increasing their dividend by 10% annually (while globally dividend payouts have dropped 23%), which indicates strong free cash flow. BAM is probably sniffing around for more bargain buys.
David Driscoll
Price
$45.100
Owned
Yes
BUY
BUY
August 21, 2020
The business is great and the management team is strong. A fantastic compounder of capital. A company that does well in low interest rate environment. They take real estate and create synthetic bonds for institutions. Recent fundraising has been prolific.
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The business is great and the management team is strong. A fantastic compounder of capital. A company that does well in low interest rate environment. They take real estate and create synthetic bonds for institutions. Recent fundraising has been prolific.
Chris Blumas
Price
$44.190
Owned
Yes
TOP PICK
TOP PICK
August 11, 2020
Will benefit from a low interest environment. Their clients include pension and sovereign wealth funds which seek income. Brookfield invests in hard assets, infrastructure and renewables (see those stocks). Hard assets like bridges and tolls generate cash. They could swoop up government assets for sale to reduce government deficits. Their private equity division has a fine, long-term track record. They bought Oak Tree Capital last fall which buys distressed credits, which Brookfield can take advantage now. She likes the alternate asset managment space. With the the current 10% pullback YTD, BAM is now a good entry point for long-term. (Analysts’ price target is $39.92)
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Will benefit from a low interest environment. Their clients include pension and sovereign wealth funds which seek income. Brookfield invests in hard assets, infrastructure and renewables (see those stocks). Hard assets like bridges and tolls generate cash. They could swoop up government assets for sale to reduce government deficits. Their private equity division has a fine, long-term track record. They bought Oak Tree Capital last fall which buys distressed credits, which Brookfield can take advantage now. She likes the alternate asset managment space. With the the current 10% pullback YTD, BAM is now a good entry point for long-term. (Analysts’ price target is $39.92)
Christine Poole
Price
$43.980
Owned
Yes
BUY
BUY
August 7, 2020
A big fan of the Brookfield group of companies. Depending on the time horizon, there could be weakness in the near term. However, in the longterm it is positive.
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A big fan of the Brookfield group of companies. Depending on the time horizon, there could be weakness in the near term. However, in the longterm it is positive.
Shane Obata
Price
$43.180
Owned
Yes
TOP PICK
TOP PICK
July 28, 2020
A favourite of institutional investors. It's the best-managed large company in Canada, excellent at gathering large infrastructure assets like airports, railways and highways which have a long life and produce reliable returns. With bonds paying 0.5%, pension funds are attracted to assets that BAM buys and manages well. BAM is very well-placed, though it's taken a temporary hit. It pays only a 1.4% dividend, but contains a strong basket of assets that altogether are worth 50% more than the share price. A must-hold for all Canadian investors. (Analysts’ price target is $55.64)
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A favourite of institutional investors. It's the best-managed large company in Canada, excellent at gathering large infrastructure assets like airports, railways and highways which have a long life and produce reliable returns. With bonds paying 0.5%, pension funds are attracted to assets that BAM buys and manages well. BAM is very well-placed, though it's taken a temporary hit. It pays only a 1.4% dividend, but contains a strong basket of assets that altogether are worth 50% more than the share price. A must-hold for all Canadian investors. (Analysts’ price target is $55.64)
David Baskin
Price
$45.060
Owned
Yes
BUY
BUY
July 21, 2020
Which Brookfield stock to buy for share and dividend increase? BAM owns pieces of the other Brookfield stocks. Brookfield is in a unique spot because they can gather a lot of assets using (a lot of) money on the side to invest). However, they have a lot of competition in the alternative assets space, like pension funds, that are looking to invest in assets in and outside Canada. Assets are cheap now, so it's an opportunity for BAM.
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Which Brookfield stock to buy for share and dividend increase? BAM owns pieces of the other Brookfield stocks. Brookfield is in a unique spot because they can gather a lot of assets using (a lot of) money on the side to invest). However, they have a lot of competition in the alternative assets space, like pension funds, that are looking to invest in assets in and outside Canada. Assets are cheap now, so it's an opportunity for BAM.
Paul Harris, CFA
Price
$46.470
Owned
Unknown
BUY
BUY
June 29, 2020
It is an extremely complex company. He admires that it is at the top of its pyramid. They have done an outstanding job. It is probably a fairly good investment in the long term to come.
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It is an extremely complex company. He admires that it is at the top of its pyramid. They have done an outstanding job. It is probably a fairly good investment in the long term to come.
Michael Sprung
Price
$44.460
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
June 24, 2020
(A Top Pick Jun 11/19, Up 9%) She continues to hold this. It manages over $500 billion of alternative assets. The company, in this low interest rate environment, will continue to do well. They bought 62% interest in a financial company that focuses on distressed credit assets. They have the option to buy the balance of that company over the next 10 years. This gives them about $75 billion of available cash for deployment.
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(A Top Pick Jun 11/19, Up 9%) She continues to hold this. It manages over $500 billion of alternative assets. The company, in this low interest rate environment, will continue to do well. They bought 62% interest in a financial company that focuses on distressed credit assets. They have the option to buy the balance of that company over the next 10 years. This gives them about $75 billion of available cash for deployment.
Christine Poole
Price
$46.050
Owned
Yes
BUY
BUY
June 15, 2020

BPY.UN-T vs. BAM.A-T. BPY.UN-T has some of the worst exposure if you are worried about a slow economic recovery and how we will react if there is a second wave. The stock has been cut in half. He loves BAM.A-T and he thinks they are one of the smartest investors on the street. You could make the case that BPY.UN-T is undervalued. If you are looking for short term moves, then this might be one of them.

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BPY.UN-T vs. BAM.A-T. BPY.UN-T has some of the worst exposure if you are worried about a slow economic recovery and how we will react if there is a second wave. The stock has been cut in half. He loves BAM.A-T and he thinks they are one of the smartest investors on the street. You could make the case that BPY.UN-T is undervalued. If you are looking for short term moves, then this might be one of them.

Barry Schwartz
Price
$46.440
Owned
Unknown
BUY
BUY
June 11, 2020
He'd buy this any day. It is a great long term value creator. They are huge and in many continents. This is a very good entry point.
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He'd buy this any day. It is a great long term value creator. They are huge and in many continents. This is a very good entry point.
Brian Madden
Price
$49.170
Owned
Yes
DON'T BUY
DON'T BUY
June 4, 2020
He is net short. These stocks tend to be richly priced. It carries debt. He would not own it on the long side.
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He is net short. These stocks tend to be richly priced. It carries debt. He would not own it on the long side.
Jason Mann
Price
$47.170
Owned
Yes
COMMENT
COMMENT
June 3, 2020

BAM vs ARE? He likes BAM and it is a core holding. They are involved in infrastructure with great cash flowing assets. In a low interest rate environment it will continue to do well. ARE is benefiting from taking on fixed pay contracts, which he views as being a little more risky. He would favour BAM.

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BAM vs ARE? He likes BAM and it is a core holding. They are involved in infrastructure with great cash flowing assets. In a low interest rate environment it will continue to do well. ARE is benefiting from taking on fixed pay contracts, which he views as being a little more risky. He would favour BAM.

James Telfser
Price
$44.430
Owned
_N/A
DON'T BUY
DON'T BUY
June 2, 2020
vs. all Brookfield companies All the Brookfield companies are a difficult structure to understand. BAM has made some huge investments in real estate, which is a tough market. Brookfield holds office space in New York, which faces a tough decade. Brookfield as a whole is not for the feint of heart,
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vs. all Brookfield companies All the Brookfield companies are a difficult structure to understand. BAM has made some huge investments in real estate, which is a tough market. Brookfield holds office space in New York, which faces a tough decade. Brookfield as a whole is not for the feint of heart,
BUY
BUY
May 26, 2020

BAM vs. BIP For income, buy BIP; for capital appreciation, BAM. Both are well-run. BAM is the parent company and is one of the biggest asset managers in the world. BAM is solid and will be hunting for properties in this pullback; they are skilled investors. It's trading at a discount to NAV which means some downside protection It's a little difficult to understand all of BAM's moving parts and its reliance on various financing vehicles. (BPY is struggling, but will be a drag on BAM.) BIP and BAM will be fine long-term.

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BAM vs. BIP For income, buy BIP; for capital appreciation, BAM. Both are well-run. BAM is the parent company and is one of the biggest asset managers in the world. BAM is solid and will be hunting for properties in this pullback; they are skilled investors. It's trading at a discount to NAV which means some downside protection It's a little difficult to understand all of BAM's moving parts and its reliance on various financing vehicles. (BPY is struggling, but will be a drag on BAM.) BIP and BAM will be fine long-term.

John O'Connell, CFA
Price
$42.400
Owned
Unknown
BUY
BUY
May 25, 2020
There is a lot more safety in the conglomerate than in the individual companies it holds. This is a good level at which to establish a long term position.
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There is a lot more safety in the conglomerate than in the individual companies it holds. This is a good level at which to establish a long term position.
Andrew Pyle
Price
$42.400
Owned
Unknown
BUY
BUY
May 22, 2020
Work from home? Scotiabank released a report saying it is trading at a discount and is good value. Retail holdings is only about 6% of their revenues. He thinks the market is overly punishing them. Another issue is that they may be a little too exposed to Brazil. A good opportunity to buy a Canadian company with a global franchise. He owns it and would accumulate here.
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Work from home? Scotiabank released a report saying it is trading at a discount and is good value. Retail holdings is only about 6% of their revenues. He thinks the market is overly punishing them. Another issue is that they may be a little too exposed to Brazil. A good opportunity to buy a Canadian company with a global franchise. He owns it and would accumulate here.
BUY
BUY
May 19, 2020
He'd buy it today. Brookfield thrives in downturns, such as 2008, buying assets/properties when there's blood on the streets. Management was buying back a lot of shares in the March sell-off. BAM buys alternative (to fixed income) assets. So, with interest rates near zero, BAM is attractive. BAM's 5-year plan (from late 2019) projects a 20% annualized return in the next five years. Good to own for the long term.
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He'd buy it today. Brookfield thrives in downturns, such as 2008, buying assets/properties when there's blood on the streets. Management was buying back a lot of shares in the March sell-off. BAM buys alternative (to fixed income) assets. So, with interest rates near zero, BAM is attractive. BAM's 5-year plan (from late 2019) projects a 20% annualized return in the next five years. Good to own for the long term.
Teal Linde
Price
$42.230
Owned
Yes
BUY
BUY
May 14, 2020
Dynamite managers of long life assets. The various buckets are attractive as alternatives. If rates went higher, then some of their alternative assets could be challenged. It is a very stable business model. They have been able to raise enormous amounts of money to invest in long life assets and it is a rock solid center to a portfolio.
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Dynamite managers of long life assets. The various buckets are attractive as alternatives. If rates went higher, then some of their alternative assets could be challenged. It is a very stable business model. They have been able to raise enormous amounts of money to invest in long life assets and it is a rock solid center to a portfolio.
David Burrows
Price
$43.630
Owned
Yes
BUY
BUY
May 13, 2020
Long term hold? They own this one. At current prices levels in the mid-$40s it is a good buy. They have a long term view and their CEO has had a recessionary view of the economy for the past several quarters. She thinks they will use a market down turn as an opportunity. When they reported last week, they mentioned a 2018 mall acquisition with the intention to re-purpose it to multi-purpose use. In a world of low or negative interest rates, holding hard assets is the way to go. She would be a buyer here.
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Long term hold? They own this one. At current prices levels in the mid-$40s it is a good buy. They have a long term view and their CEO has had a recessionary view of the economy for the past several quarters. She thinks they will use a market down turn as an opportunity. When they reported last week, they mentioned a 2018 mall acquisition with the intention to re-purpose it to multi-purpose use. In a world of low or negative interest rates, holding hard assets is the way to go. She would be a buyer here.
Christine Poole
Price
$45.770
Owned
Yes
TOP PICK
TOP PICK
May 1, 2020
One of the world's foremost managers of assets from infrastructure to renewables. IT has a worldwide footprint. It is big and getting bigger. They have deep expertise. It benefits from a shift towards reallocation by pensions towards hard assets. They are buying back shares as well allowing them to grow on a higher compounding rate going forward. Yield 1.39% (Analysts’ price target is $56.37)
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One of the world's foremost managers of assets from infrastructure to renewables. IT has a worldwide footprint. It is big and getting bigger. They have deep expertise. It benefits from a shift towards reallocation by pensions towards hard assets. They are buying back shares as well allowing them to grow on a higher compounding rate going forward. Yield 1.39% (Analysts’ price target is $56.37)
Brian Madden
Price
$47.040
Owned
Unknown
HOLD
HOLD
April 30, 2020
The preeminent asset manager globally. They have quite a bit of capital to put to work. He thinks highly of management. There will be a lot of volatility along the way. There are negative headlines that do get caught up but he would continue to hold it.
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The preeminent asset manager globally. They have quite a bit of capital to put to work. He thinks highly of management. There will be a lot of volatility along the way. There are negative headlines that do get caught up but he would continue to hold it.
Andrew Moffs
Price
$48.880
Owned
Unknown
TOP PICK
TOP PICK
April 29, 2020
He has owned this for a long time. It is the private equity investor in real assets and acts as the parent for the entire Brookfield family. Although a lower yield than their other public entities, they have access to their asset management business that is growing quickly. They have lots of excess capital and dry powder to take advantage of market opportunities. Yield 1.36% (Analysts’ price target is $56.37)
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He has owned this for a long time. It is the private equity investor in real assets and acts as the parent for the entire Brookfield family. Although a lower yield than their other public entities, they have access to their asset management business that is growing quickly. They have lots of excess capital and dry powder to take advantage of market opportunities. Yield 1.36% (Analysts’ price target is $56.37)
Chris Blumas
Price
$46.110
Owned
Yes
DON'T BUY
DON'T BUY
April 21, 2020

They have a lot of leverage in US commercial real estate, and also in worrying places like Latin America. There are a lot of risks to the Brookfield group of companies in a time when companies with heavy leverage will suffer. Look elsewhere.

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They have a lot of leverage in US commercial real estate, and also in worrying places like Latin America. There are a lot of risks to the Brookfield group of companies in a time when companies with heavy leverage will suffer. Look elsewhere.

HOLD
HOLD
April 16, 2020
Everything with Brookfield always comes to the top. Fundamentally they are an asset management company. When assets go down, their fees go down, but there is a delay. This might have caused short interest to go up. He thinks they will grow assets well in this environment as they look for distressed assets. It's a high quality company and they are seasoned operators.
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Everything with Brookfield always comes to the top. Fundamentally they are an asset management company. When assets go down, their fees go down, but there is a delay. This might have caused short interest to go up. He thinks they will grow assets well in this environment as they look for distressed assets. It's a high quality company and they are seasoned operators.
Zachary Curry
Price
$46.720
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
April 15, 2020
This holding will probably benefit from lower interest rates and the likely need for asset management going forward. About 85% of their holdings are other Brookfield companies that will do well. He thinks it is good to buy on weakness.
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This holding will probably benefit from lower interest rates and the likely need for asset management going forward. About 85% of their holdings are other Brookfield companies that will do well. He thinks it is good to buy on weakness.
Greg Newman
Price
$47.540
Owned
Unknown
BUY
BUY
April 14, 2020
Great company, super managers. He's studying it right now. You can buy it. This performs well over all kinds of market cycles.
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Great company, super managers. He's studying it right now. You can buy it. This performs well over all kinds of market cycles.
WATCH
WATCH
April 6, 2020
Coming into his crisis things were as good as they could have been. The dividend is sustainable because it is low. They have a large real estate portfolio and it will be challenged coming out of all this. A lot of tenants are compromised in terms of their ability to pay. Be careful about big real estate portfolios. There is a lot of liquidity in the system and they are looking for a credible entity to put their money to work for them. BAMA.A-T might gather capital in this environment. It should be on your shopping list.
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Coming into his crisis things were as good as they could have been. The dividend is sustainable because it is low. They have a large real estate portfolio and it will be challenged coming out of all this. A lot of tenants are compromised in terms of their ability to pay. Be careful about big real estate portfolios. There is a lot of liquidity in the system and they are looking for a credible entity to put their money to work for them. BAMA.A-T might gather capital in this environment. It should be on your shopping list.
Ryan Bushell
Price
$40.900
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
March 23, 2020
(A Top Pick Mar 26/19, Down 22%) Absolutely consider buying it now. Read the letter to shareholders on their web site. This is one CEO worthy of your attention. Everybody should own this company.
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(A Top Pick Mar 26/19, Down 22%) Absolutely consider buying it now. Read the letter to shareholders on their web site. This is one CEO worthy of your attention. Everybody should own this company.
David Baskin
Price
$55.880
Owned
Yes
TOP PICK
TOP PICK
March 23, 2020
It has a tremendous range of assets – infrastructure, toll roads, ports, airports, railways and all kinds of real estate. It also has a lot of partnerships. It has $65 Billion to buy things now at bargain basement prices. This is the time when value investors shine.
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It has a tremendous range of assets – infrastructure, toll roads, ports, airports, railways and all kinds of real estate. It also has a lot of partnerships. It has $65 Billion to buy things now at bargain basement prices. This is the time when value investors shine.
David Baskin
Price
$55.880
Owned
Yes
PARTIAL BUY
PARTIAL BUY
March 17, 2020

At what point does the private equity markets get hit? We're starting to see people sell even gold and treasuries to meet margin calls. It isn't far that real assets will be sold--a spiral he doesn't want to see. But BAM is well-managed. Nibble away at these level, but don't go in whole hog.

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At what point does the private equity markets get hit? We're starting to see people sell even gold and treasuries to meet margin calls. It isn't far that real assets will be sold--a spiral he doesn't want to see. But BAM is well-managed. Nibble away at these level, but don't go in whole hog.

Michael Sprung
Price
$63.880
Owned
Yes
COMMENT
COMMENT
March 16, 2020
It's held up very well in this sell-off. It could see a nice rebound. His target is $64.50 and buy there. But it it fails there, then $53 is the next support. Its FMV is $74.68, actually, so the stock isn't cheap at current levels. Also, it pays only a 1.5% dividend.
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It's held up very well in this sell-off. It could see a nice rebound. His target is $64.50 and buy there. But it it fails there, then $53 is the next support. Its FMV is $74.68, actually, so the stock isn't cheap at current levels. Also, it pays only a 1.5% dividend.
Ross Healy
Price
$73.390
Owned
Unknown
Showing 1 to 60 of 597 entries

Brookfield Asset Management (A)(BAM.A-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 29

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 35

Stockchase rating for Brookfield Asset Management (A) is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Brookfield Asset Management (A)(BAM.A-T) Frequently Asked Questions

What is Brookfield Asset Management (A) stock symbol?

Brookfield Asset Management (A) is a Canadian stock, trading under the symbol BAM.A-T on the Toronto Stock Exchange (BAM.A-CT). It is usually referred to as TSX:BAM.A or BAM.A-T

Is Brookfield Asset Management (A) a buy or a sell?

In the last year, 35 stock analysts published opinions about BAM.A-T. 29 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for Brookfield Asset Management (A).

Is Brookfield Asset Management (A) a good investment or a top pick?

Brookfield Asset Management (A) was recommended as a Top Pick by Brian Madden on 2021-05-04. Read the latest stock experts ratings for Brookfield Asset Management (A).

Why is Brookfield Asset Management (A) stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Brookfield Asset Management (A) worth watching?

35 stock analysts on Stockchase covered Brookfield Asset Management (A) In the last year. It is a trending stock that is worth watching.

What is Brookfield Asset Management (A) stock price?

On 2021-05-06, Brookfield Asset Management (A) (BAM.A-T) stock closed at a price of $55.6.