The S&P 500 has risen about 13% in the past year, while Brookfield Asset Management’s shares have surged over 40%. Despite this growth, the company’s ambitious growth goals suggest there may still be room for further gains, especially as it hovers around $60 a share.

Brookfield Asset Management is an asset manager that handles money for others and itself. With a focus on fee-bearing capital, the company charges management fees for the money it manages, which could drive future revenues and earnings growth.

Operational in over 30 countries, Brookfield Asset Management manages about $1 trillion in assets, with $550 billion in fee-bearing capital. This global reach positions the company well to identify investment opportunities and drive future growth.

The company has outlined a growth strategy aimed at doubling its fee-bearing capital to $1.1 trillion by 2029. This growth is expected to drive a 17% increase in fee-bearing earnings annually, supporting a 15% annual dividend growth rate.

Investors are eyeing Brookfield Asset Management’s growth potential, with a recent 15% dividend increase signaling strong prospects. With a goal to double the dividend in five years, the company’s valuation remains attractive compared to peers like Blackstone and BlackRock.

Looking ahead, Brookfield Asset Management’s success will hinge on executing its growth strategy effectively. Given its long history in the asset management sector, the company’s future looks promising, making it an appealing investment opportunity for both dividend and growth-focused investors.

Read more at Yahoo Finance: Should You Buy Brookfield Asset Management While It’s Below $60?