Shares of Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM reached a new 52-week high during trading on Friday . The company traded as high as C$84.33 and last traded at C$84.04, with a volume of 44223 shares. The stock had previously closed at C$83.83.
Wall Street Analysts Forecast Growth
Separately, UBS Group reissued a "buy" rating on shares of Brookfield Asset Management in a report on Monday, December 16th.
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Brookfield Asset Management Price Performance
The company has a 50 day moving average price of C$79.62 and a 200-day moving average price of C$67.18. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 6.32. The company has a market cap of C$36.02 billion and a price-to-earnings ratio of 57.33.
Brookfield Asset Management (TSE:BAM - Get Free Report) NYSE: BAM last released its quarterly earnings data on Monday, November 4th. The company reported C$0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.49 by C$0.03. During the same period last year, the company posted $0.47 earnings per share. As a group, equities research analysts predict that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current fiscal year.
Brookfield Asset Management Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Asset Management's dividend payout ratio is currently 136.67%.
Insider Activity
In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of the stock in a transaction that occurred on 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. 14.10% of the stock is currently 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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