Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.99 and traded as high as C$78.81. Brookfield Asset Management shares last traded at C$78.68, with a volume of 354,137 shares changing hands.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on BAM. UBS Group restated a "buy" rating on shares of Brookfield Asset Management in a research report on Monday, December 16th. Wells Fargo & Company upgraded shares of Brookfield Asset Management to a "strong sell" rating in a research report on Thursday, September 12th.
Read Our Latest Report on BAM
Brookfield Asset Management Stock Up 1.4 %
The stock has a market cap of C$33.41 billion and a P/E ratio of 53.18. The company's 50 day moving average price is C$76.64 and its two-hundred day moving average price is C$63.15. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 6.32.
Brookfield Asset Management Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management's payout ratio is 136.67%.
Insider Buying and Selling
In related 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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