Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$81.98 and last traded at C$81.59, with a volume of 36483 shares. The stock had previously closed at C$81.06.
Analyst Upgrades and Downgrades
Separately, Wells Fargo & Company raised shares of Brookfield Asset Management to a "strong sell" rating in a report on Thursday, September 12th.
View Our Latest Stock Analysis on BAM
Brookfield Asset Management Price Performance
The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The stock's fifty day moving average is C$72.93 and its 200-day moving average is C$61.08. The stock has a market cap of C$34.12 billion and a PE ratio of 54.30.
Brookfield Asset Management Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's dividend payout ratio is currently 136.67%.
Insider Activity at Brookfield Asset Management
In other news, Director Brian William Kingston sold 281,250 shares of the 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 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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