UBS Group reiterated their buy rating on shares of Brookfield Asset Management (TSE:BAM - Free Report) NYSE: BAM in a report issued on Monday morning,BayStreet.CA reports.
Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a "strong sell" rating in a research note on Thursday, September 12th.
View Our Latest Stock Report on Brookfield Asset Management
Brookfield Asset Management Stock Performance
TSE:BAM traded up C$1.93 during mid-day trading on Monday, hitting C$83.67. 536,042 shares of the company's stock traded hands, compared to its average volume of 1,047,277. The firm has a market capitalization of C$35.05 billion and a price-to-earnings ratio of 55.78. The firm has a 50 day moving average of C$74.78 and a two-hundred day moving average of C$62.11. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. Brookfield Asset Management has a 12 month low of C$50.25 and a 12 month high of C$84.17.
Brookfield Asset Management Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. Brookfield Asset Management's dividend payout ratio (DPR) is 136.67%.
Insider Transactions at Brookfield Asset Management
In other news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Also, Director Brian William Kingston sold 281,250 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$64.40, for a total transaction of C$18,111,093.75. 14.10% of the stock is owned by insiders.
Brookfield Asset Management Company Profile
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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.
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