Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM fell 6.1% during trading on Thursday . The stock traded as low as C$71.74 and last traded at C$72.66. 116,376 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 1,045,395 shares. The stock had previously closed at C$77.41.
Wall Street Analyst Weigh In
Several brokerages have commented on BAM. UBS Group restated a "buy" rating on shares of Brookfield Asset Management in a report on Monday, December 16th. Hsbc Global Res upgraded shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.
Get Our Latest Stock Report on Brookfield Asset Management
Brookfield Asset Management Trading Down 3.1 %
The firm has a market capitalization of C$79.49 billion and a P/E ratio of 23.30. The company's fifty day simple moving average is C$80.86 and its 200 day simple moving average is C$73.08.
Brookfield Asset Management Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.4375 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from Brookfield Asset Management's previous quarterly dividend of $0.38. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.58%. Brookfield Asset Management's dividend payout ratio is currently 70.53%.
Insider Transactions at Brookfield Asset Management
In other news, Director Justin B. Beber sold 25,000 shares of the company's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total value of C$2,096,630.00. 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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