Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$65.08 and traded as high as C$80.20. Brookfield Asset Management shares last traded at C$80.08, with a volume of 607,157 shares.
Analyst Upgrades and Downgrades
BAM has been the topic of several research reports. Wells Fargo & Company raised Brookfield Asset Management to a "strong sell" rating in a research report on Thursday, September 12th. UBS Group reiterated a "buy" rating on shares of Brookfield Asset Management in a report on Monday, December 16th.
Read Our Latest Stock Analysis on BAM
Brookfield Asset Management Trading Down 0.6 %
The firm has a market capitalization of C$33.35 billion and a price-to-earnings ratio of 53.08. The business's 50-day moving average price is C$79.09 and its 200 day moving average price is C$65.18. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95.
Brookfield Asset Management Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, November 29th. Brookfield Asset Management's dividend payout ratio (DPR) is 136.67%.
Insiders Place Their Bets
In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction that occurred 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. 14.10% of the stock is currently owned by company 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.
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