Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.00 and traded as high as C$78.55. Brookfield Asset Management shares last traded at C$77.76, with a volume of 736,290 shares traded.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company raised Brookfield Asset Management to a "strong sell" rating in a report on Thursday, September 12th.
Check Out Our Latest Research Report on Brookfield Asset Management
Brookfield Asset Management Trading Down 0.0 %
The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85. The company has a market cap of C$32.57 billion and a price-to-earnings ratio of 51.84. The company's fifty day moving average is C$67.85 and its two-hundred day moving average is C$59.00.
Brookfield Asset Management Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. Brookfield Asset Management's payout ratio is currently 136.67%.
Insider Buying and Selling
In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$64.40, for a total value of C$18,111,093.75. 14.10% of the stock is currently owned by corporate insiders.
Brookfield Asset Management Company Profile
(
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.
Recommended Stories
Before you consider Brookfield Asset Management, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brookfield Asset Management wasn't on the list.
While Brookfield Asset Management currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
