Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$65.87 and traded as high as C$79.47. Brookfield Asset Management shares last traded at C$79.28, with a volume of 467,996 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, UBS Group restated a "buy" rating on shares of Brookfield Asset Management in a research note on Monday, December 16th.
Get Our Latest Stock Report on BAM
Brookfield Asset Management Price Performance
The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. The stock has a market cap of C$33.73 billion and a PE ratio of 53.69. The business has a 50-day moving average price of C$79.18 and a 200 day moving average price of C$65.87.
Brookfield Asset Management Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Friday, November 29th. Brookfield Asset Management's dividend payout ratio (DPR) is presently 136.67%.
Insiders Place Their Bets
In related news, Director Justin B. Beber sold 25,000 shares of the stock in a transaction dated 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. Company insiders own 14.10% of the company's stock.
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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