Brookfield Asset Management Stock Hits New 52-Week High (BAM)
Brookfield Asset Management (NYSE:BAM) hit a new 52-week high Monday as it changed hands at $33.89 compared with its previous 52-week high of $33.84. Brookfield Asset Management is currently trading at $33.88 with 1 million shares changing hands as of 3:56 p.m..
NEW YORK ( TheStreet) -- Brookfield Asset Management (NYSE: BAM) hit a new 52-week high Monday as it traded at $33.89 compared with its previous 52-Week high of $33.84. Brookfield Asset Management is changing hands at $33.88 with one million shares traded as of 3:56 p.m. ET. Average volume has been 851,000 shares over the past 30 days. Brookfield Asset Management has a market cap of $18.7 billion and is part of the financial sector and financial services industry. Shares are down 0.7% year to date as of the close of trading on Friday. Brookfield Asset Management Inc. is a publicly owned asset management holding company with approximately $50 billion in assets under management. Through its subsidiaries the firm invests in the property, power, and infrastructure sectors. The company has a P/E ratio of 13.9, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 22.6. TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Brookfield Asset Management Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.