Brookfield Asset Management (NYSE:BAM) Shares Pass Above 200-Day Moving Average - Should You Sell?

Brookfield Asset Management Ltd. (NYSE:BAM - Get Free Report) TSE: BAM.A shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $47.14 and traded as high as $54.85. Brookfield Asset Management shares last traded at $54.59, with a volume of 522,833 shares.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BAM shares. Keefe, Bruyette & Woods raised their target price on Brookfield Asset Management from $49.00 to $57.00 and gave the company an "underperform" rating in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on Brookfield Asset Management from $55.00 to $68.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Bank of America increased their target price on shares of Brookfield Asset Management from $41.00 to $45.00 and gave the company a "neutral" rating in a report on Thursday, September 12th. The Goldman Sachs Group boosted their price target on shares of Brookfield Asset Management from $57.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, November 19th. Finally, BMO Capital Markets increased their price objective on shares of Brookfield Asset Management from $40.00 to $50.00 and gave the company a "market perform" rating in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Brookfield Asset Management currently has an average rating of "Hold" and an average price target of $54.54.

Brookfield Asset Management Price Performance

The firm has a market capitalization of $24.01 billion, a P/E ratio of 47.96, a price-to-earnings-growth ratio of 2.43 and a beta of 1.41. The firm has a fifty day simple moving average of $55.76 and a two-hundred day simple moving average of $47.26.

Brookfield Asset Management (NYSE:BAM - Get Free Report) TSE: BAM.A last announced its quarterly earnings data on Monday, November 4th. The financial services provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.19 billion. Brookfield Asset Management had a return on equity of 85.03% and a net margin of 49.69%. During the same quarter last year, the firm posted $0.35 EPS. On average, research analysts anticipate that Brookfield Asset Management Ltd. will post 1.47 EPS for the current year.

Brookfield Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's payout ratio is currently 134.51%.

Hedge Funds Weigh In On Brookfield Asset Management

Large investors have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Brookfield Asset Management during the 3rd quarter worth about $209,000. Morse Asset Management Inc purchased a new stake in shares of Brookfield Asset Management in the third quarter worth about $176,000. Toronto Dominion Bank boosted its position in shares of Brookfield Asset Management by 7.7% in the third quarter. Toronto Dominion Bank now owns 1,056,919 shares of the financial services provider's stock valued at $49,982,000 after acquiring an additional 75,963 shares during the period. Geode Capital Management LLC grew its stake in Brookfield Asset Management by 11.6% during the third quarter. Geode Capital Management LLC now owns 1,611,859 shares of the financial services provider's stock valued at $77,293,000 after acquiring an additional 168,170 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in Brookfield Asset Management by 42.2% during the 3rd quarter. Continuum Advisory LLC now owns 1,109 shares of the financial services provider's stock worth $52,000 after acquiring an additional 329 shares during the period. 68.41% of the stock is owned by institutional investors.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. is a real estate investment firm specializing in alternative asset management services. Its renewable power and transition business includes the operates in the hydroelectric, wind, solar, distributed generation, and sustainable solution sector. The company's infrastructure business engages in the utilities, transport, midstream, and data infrastructure sectors.