Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's stock price reached a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$81.97, with a volume of 828565 shares traded. The stock had previously closed at C$81.75.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. UBS Group reissued a "buy" rating on shares of Brookfield Asset Management in a report on Monday, December 16th. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th.
View Our Latest Research Report on BAM
Brookfield Asset Management Trading Down 7.0 %
The company's 50-day moving average price is C$81.41 and its two-hundred day moving average price is C$72.77. The company has a market cap of C$84.49 billion and a P/E ratio of 24.76.
Brookfield Asset Management Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's dividend payout ratio (DPR) is currently 70.53%.
Insider Transactions at Brookfield Asset Management
In related news, Director Justin B. Beber sold 25,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Insiders own 14.10% of the company's stock.
About Brookfield Asset Management
(
Get Free Report)
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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