NEW YORK ( TheStreet) -- Brookfield Asset Management (NYSE: BAM) hit a new 52-week high Monday as it is currently trading at $34.04, above its previous 52-week high of $33.90 with 137,773 shares traded as of 10:16 a.m. ET. Average volume has been 911,400 shares over the past 30 days.

Brookfield Asset Management has a market cap of $20.9 billion and is part of the financial sector and financial services industry. Shares are up 1% 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 14.4, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.
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TheStreet Ratings rates Brookfield Asset Management as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Brookfield Asset Management Ratings Report.

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