Brookfield Asset Management Ltd. (BAM) Stock Price & Analysis
Brookfield Asset Management Ltd. (BAM) closed at USD 47.64 on Thursday, October 22, 2026, up 3.45% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 46.05; the Oct 22, 2026 session ranged USD 45.49–47.76 on volume of 2,825,202 shares. Market capitalization is $76.09B, with a 52-week range of USD 42.2–56.37 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/BAM.md
Key facts (BAM)
- Last four reported quarters (through Jun 30, 2026): revenue $5.74B, net income $3.06B (53.4% margin) (SEC filings).
- Valuation: P/E 24.8x, net debt $2.58B.
- 2 of 80 tracked superinvestors hold BAM (13F, Q2 2026): 0 new, 1 added, 0 reduced, 1 unchanged.
- Analysts: Buy (mean 2.37 on a 1–5 scale) (19 analysts), mean target USD 55.81 (range 44–70).
- Total return with dividends: 1Y -7.9% vs S&P 500 +14.9%; 5Y +65.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-06, EPS estimate USD 0.47, revenue estimate $1.58B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (BAM)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $4.06B | $3.98B | $4.82B | $5.74B |
| Net income | $2.14B | $2.11B | $2.40B | $3.06B |
| Net margin | 52.6% | 53.0% | 49.8% | 53.4% |
| Revenue growth | — | -2.0% | +21.0% | — |
| Cash + short-term investments | $9.0M | $404M | $1.58B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (BAM)
P/E 24.8x · P/S 13.3x · EV/Sales 13.7x · P/B 8.3x · Earnings yield 4.03% · Dividend yield (paid, TTM) 3.97% · Net debt $2.58B · EV $78.7B
Superinvestors (SEC 13F-HR, Q2 2026) (BAM)
2 of 80 tracked investors hold BAM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 0.75% | $98.4M | Unchanged |
| Van Den Berg Management I | 0.59% | $2.8M | Added +48.4% |
Analysts (BAM)
Consensus Buy (mean 2.37 on a 1–5 scale), 19 analysts; mean target USD 55.81 (low 44, high 70).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Piper Sandler | Target lowered | Neutral | $50 → $49 |
| 2026-10-13 | UBS | Target lowered | Neutral | $55 → $49 |
| 2026-10-02 | Wells Fargo | Initiated | Overweight | $51 |
| 2026-09-18 | Piper Sandler | Target lowered | Neutral | $53 → $50 |
| 2026-08-06 | UBS | Target raised | Neutral | $48 → $55 |
| 2026-07-21 | Morgan Stanley | Target lowered | Equal-Weight | $62 → $56 |
Total return (dividends reinvested) (BAM)
| 1Y (from 2025-10-23) | 5Y (from 2022-11-28) | |
|---|---|---|
| Total return | -7.9% | +65.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.9% | +13.7% |
| Volatility (annualized) | 30.0% | 28.9% |
| Max drawdown | -22.2% (Dec 2025→Mar 2026) | -30.1% (Jul 2025→Mar 2026) |
BAM revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Infrastruture | $357.0M | 20.4% | +13.3% |
| Real Estate | $236.0M | 13.5% | +0.4% |
| Energy | $228.0M | 13.0% | +14.0% |
| Credit | $138.0M | 7.9% | +31.4% |
| Private Equity | $88.0M | 5.0% | +15.8% |
| Total revenue | $1.75B | 100% | — |
BAM revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Management Service | $919.0M | 52.4% | +12.8% |
| Incentive Fees | $128.0M | 7.3% | +10.3% |
| Incentive Distributions | $128.0M | 7.3% | +10.3% |
| Total revenue | $1.75B | 100% | — |
BAM revenue by region (quarter ended Mar 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $304.0M | 22.7% | -13.4% |
| United Kingdom | $209.0M | 15.6% | +3.0% |
| Canada | $208.0M | 15.5% | +13.0% |
| Other Countries | $139.0M | 10.4% | +40.4% |
| Total revenue | $1.34B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
BAM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Class A | “If, in the future, we rely on these exemptions, but cease to be a "controlled company" and our Class A Shares continue to be listed on the NYSE, we will be required to comply with these provisions within the applicable transition periods.” |
| Partner | NVIDIA (NVDA) | “•On November 19, 2025, Brookfield announced the launch of a $100 billion global AI Infrastructure program in partnership with NVIDIA and the Kuwait Investment Authority ("KIA").” |
| Partner | Castlelake Group TopCo | “•"Castlelake" means our 51% economic interest in Fee-Related Earnings, 7.5% interest in carried interest, 20% of returns from general partner ("GP") commitments of Castlelake Group TopCo L.P., and 51% of GP commitments for in-market and future Castlelake funds;” |
| Related party | Brookfield Infrastructure Corp (BIPC) | “During the year ended December 31, 2025, BAM assigned part of its commitment in Brookfield Infrastructure Structured Solutions ("BISS") to a related party.” |
Quoted from the company's 10-K filed Mar 2, 2026.
Companies that name BAM in their SEC reports
| Relationship to BAM | Company | Filing | Sentence |
|---|---|---|---|
| partner | Brookfield Business Partners L.P. (BBUC) | 20-F Mar 31, 2026 | “He also serves as a Managing Partner of Brookfield Asset Management.” |
| customer | American National Group Inc. (ANG-PD) | 10-K Mar 31, 2026 | “•We depend on affiliates of BAM under certain Investment Management Agreements, and our business may experience an adverse impact should we lose any of the services provided to our company thereunder.” |
| partner | Brookfield Oaktree Holdings, LLC (OAK-PB) | 10-K Mar 24, 2026 | “Mr. Goodman joined Brookfield in 2010 and since then has held several roles, including Chief Financial Officer of Brookfield Asset Management and Chief Financial Officer of Brookfield Renewable Partners.” |
| partner | Angel Oak Mortgage REIT, Inc. (AOMN) | 10-K Mar 3, 2026 | “On October 1, 2025, immediately following the closing of the Strategic Transaction between Angel Oak Companies and Brookfield, the Company, our operating partnership, and our Manager, entered into a new management agreement (the "Management Agreement") to supersede and replace in its entirety the Amended and Restated Management Agreement, dated as if May 1, 2024, previously in effect (the "Prior Management Agreeme…” |
| partner | Brookfield Renewable Partners L.P. (BEPI) | 20-F Feb 27, 2026 | “Unless the context requires otherwise, when used in this annual report on Form 20-F (this "Form 20-F"), the terms "Brookfield Renewable", "our group", "we", "us" and "our" refer to Brookfield Renewable Partners L.P. and its controlled entities, including BRELP, the Holding Entities, BEPC, BRHC, their respective subsidiaries and the Operating Entities, each as defined in this Form 20-F, "the partnership" refers to …” |
| partner | Brookfield Property Partners L.P. (BPYPP) | 20-F Feb 27, 2026 | “•"Property Special LP" are to Brookfield Property Special L.P., an indirect wholly-owned subsidiary of Brookfield Asset Management, which is the sole special limited partner of the Property Partnership;” |
| partner | Brookfield Renewable Corp (BEPC) | 20-F Feb 27, 2026 | “Ltd.), in each case including any subsidiaries thereof; "Brookfield Renewable" and "our group", refer to Brookfield Renewable Partners L.P. and its controlled entities, including BRELP, the Holding Entities, BEPC, BRHC, their respective subsidiaries and the Operating Entities, each as defined in this Form 20-F; "the partnership" refers, unless the context indicates or requires otherwise, to Brookfield Renewable an…” |
| partner | Cheniere Energy Partners, L.P. (CQP) | 10-K Feb 26, 2026 | “•Sale of limited partner units by affiliates of our general partner or affiliates of Blackstone Inc. ("Blackstone") or Brookfield Asset Management Inc. ("Brookfield")” |
| partner | Cheniere Energy, Inc. (LNG) | 10-K Feb 26, 2026 | “partner interest in CQP in the form of 239.9 million common units, 100% of the general partner interest and 100% of the incentive distribution rights, with the remaining non-controlling limited partner interest held by Blackstone Inc., Brookfield Asset Management Inc. and the public.” |
BAM company outlook (results filed Aug 6, 2026)
- “In July, we also committed approximately $3.0 billion to acquire the largest standalone energy storage business in North America expected to close later this year.”
- “Deployment: We deployed $1.4 billion and signed an agreement to acquire the world's largest air freight services provider, which is expected to close later this year.”
- “Our Second Quarter 2026 shareholder letter will be published on August 13, 2026, providing discussion on some of the major themes shaping Brookfield's long-term strategy and outlook.”
Quoted word-for-word from the SEC 8-K results press release.
BAM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.47 | $0.47 | -0.4% | $1.58B | 15 |
| Next quarter (ends Dec 2026) | $0.49 | $0.49 | -0.7% | $1.64B | 15 |
| Current fiscal year (ends Dec 2026) | $1.83 | $1.84 | -0.5% | $6.18B | 18 |
| Next fiscal year (ends Dec 2027) | $2.15 | $2.17 | -1.0% | $7.15B | 18 |
BAM options: expected move
Options price a move of about ±7.7% (±$3.68) by Nov 20, 2026, which includes earnings on Nov 6, 2026. Over the last 7 reports the stock moved ±1.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 34.4% | ±7.7% |
| Dec 18, 2026 | 56 | 32.0% | ±10.1% |
| Jan 15, 2027 | 84 | 31.1% | ±11.9% |
| Apr 16, 2027 | 175 | 30.8% | ±16.8% |
30-day implied volatility 33.1% vs 21.7% realized over the last 30 trading days. Put/call ratio (volume) 2.84. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 47.64 |
|---|---|
| Change | ▲ 3.45% (up) |
| Previous Close | USD 46.05 |
| Open | USD 45.59 |
| Day Range | USD 45.49 – 47.76 |
| 52-Week Range | USD 42.2 – 56.37 |
| Volume | 2,825,202 shares |
| Market Cap | $76.09B |
| Exchange | NYQ |
Technical Analysis (BAM)
Nexqual's technical model rates BAM "NEUTRAL" based on 3 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 56.33 (neutral) |
| vs SMA50 | Below (USD 47.82) |
| MACD | -0.21 (negative) |
Analyst Ratings (BAM)
Wall Street analysts rate BAM "Buy" based on 19 analysts, with a mean price target of USD 55.81 (range USD 44–70), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 55.81 |
| High Target | USD 70 |
| Low Target | USD 44 |
| Buy / Hold / Sell | 10 / 8 / 1 |
Earnings (BAM)
| Next Earnings Date | 2026-11-06 |
|---|---|
| EPS Estimate | USD 0.47 |
| Revenue Estimate | $1.58B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.44 vs est 0.44 ▲ beat |
| 2026-03-31 | USD 0.43 vs est 0.42 ▲ beat |
| 2025-12-31 | USD 0.47 vs est 0.44 ▲ beat |
| 2025-09-30 | USD 0.41 vs est 0.4 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (BAM)
| Total Revenue | $5.74B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +60.80% |
| Gross Margin | +74.38% |
| Operating Margin | +68.74% |
| Profit Margin | +48.89% |
| ROE | +26.77% |
| Debt / Equity | 0.34 |
| Current Ratio | 1.27 |
| Total Cash | $1.50B |
| Total Debt | $4.09B |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (BAM)
Nexqual rates Brookfield Asset Management Ltd.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Strong — Revenue +21% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 74%, operating 69% (last 12 months) |
| Balance Sheet | Solid — $1.50B cash and investments vs $4.08B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $2.10B (FY ended Dec 2025, 10-K) |
| Efficiency | Strong — ROE 27%, ROA 13.0% |
Ownership (BAM)
| Insider Ownership | +3.57% |
|---|---|
| Institutional Ownership | +90.01% |
| Shares Outstanding | 1.60B |
| Float | 319.53M |
| Short % of Float | +5.29% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (BAM)
Brookfield Asset Management Ltd. is led by James Bruce Flatt, Chair, Affiliated Director & CEO of Brookfield Corporation, per Nexqual as of October 23, 2026 at 09:16 UTC.
| Chair, Affiliated Director & CEO of Brookfield Corporation | James Bruce Flatt |
|---|---|
| CFO & Managing Partner of Infrastructure | Hadley Peer Marshall |
| Head of U.S., Executive Chair of Real Estate & Director | Brian William Kingston |
Major Backers & Investors (BAM)
Notable institutional backers of Brookfield Asset Management Ltd. include Partners Value Investments LP, Royal Bank of Canada, Principal Financial Group, Inc., according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Partners Value Investments LP | 1.81% |
| Royal Bank of Canada | 1.3% |
| Principal Financial Group, Inc. | 0.83% |
| Capital Group | 0.82% |
| TD Asset Management, Inc | 0.66% |
| Bank of Montreal /CAN/ | 0.66% |
| Principal Funds, Inc-MidCap Fund | 0.56% |
| WASHINGTON MUTUAL INVESTORS FUND | 0.52% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 0.71% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From Brookfield Asset Management Ltd.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- Once invested, we expect these commitments will earn approximately $630 million of additional Fee Revenues.
- As of February 11, 2025, Opps XII had more than $7 billion invested or committed for investment in businesses that are diversified across geographies, sectors, and asset classes. •On March 11, 2025, Brookfield announced the closing of its inaugural vintage of BISS, a middle-market infrastructure fund, achieving its fundraising target with approximately $1 billion of capital commitments.
- BAIIF has already received $5 billion of capital commitments from a select group of institutional and industry partners, including Brookfield, NVIDIA and KIA.
- Our deep operating expertise, global reach and access to large-scale flexible capital enable us to identify attractive investment opportunities and make investments on a proprietary basis in sizable, premier assets and businesses across geographies and asset classes that we believe few others can.
Partnerships
- BPE provides investors streamlined access to Brookfield's leading private equity platform through a simplified investment process that includes monthly subscriptions and a low investment minimum. •On November 19, 2025, Brookfield announced the launch of a $100 billion global AI Infrastructure program in partnership with NVIDIA and the Kuwait Investment Authority ("KIA").
- The total €20 billion investment is projected to be delivered by 2030. •On February 11, 2025, Oaktree Capital Management, L.P. announced the final close of Oaktree Opportunities Fund XII ("Opps XII"), with approximately $16 billion of commitments, including co-investment and affiliated vehicles.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to numerous laws, rules and regulatory requirements which may impact our business, including resulting in financial penalties, loss of business and/or damage to our reputation in instances of non-compliance.
- We have and may become subject to additional regulatory and compliance requirements as we expand our product offerings and investment platform which likely will carry additional legal and compliance costs, as well as additional operating requirements that may also increase costs.
- The misuse or misappropriation of our data through the use of AI could also have an adverse impact on our reputation and could subject us to legal and regulatory investigations and/or actions.
- We and our managed assets may become involved in legal disputes in the U.S. and internationally that could adversely impact our financial performance and reputation.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| KKR | KKR & Co. Inc. | USD 93.09 | ▲ 3.58% |
| BN | Brookfield Corporation | USD 38.28 | ▲ 2.05% |
| APO | Apollo Global Management, Inc. | USD 114.83 | ▲ 2.81% |
| STT | State Street Corporation | USD 167.84 | ▼ 0.66% |
| AMP | Ameriprise Financial, Inc. | USD 496.83 | ▲ 1.29% |
| BX | Blackstone Inc. | USD 118.75 | ▲ 8.38% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt