Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$71.38 and last traded at C$71.35, with a volume of 10765 shares trading hands. The stock had previously closed at C$71.15.
Analyst Ratings Changes
Separately, Wells Fargo & Company raised shares of Brookfield Asset Management to a "strong sell" rating in a research note on Thursday, September 12th.
View Our Latest Stock Analysis on BAM
Brookfield Asset Management Stock Down 0.8 %
The business has a 50 day moving average of C$59.97 and a two-hundred day moving average of C$56.39. The stock has a market capitalization of C$29.57 billion and a PE ratio of 47.07. The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85.
Brookfield Asset Management (TSE:BAM - Get Free Report) NYSE: BAM last announced its earnings results on Wednesday, August 7th. The company reported C$0.47 EPS for the quarter, missing analysts' consensus estimates of C$0.48 by C($0.01). The business had revenue of C$1.57 billion for the quarter, compared to analyst estimates of C$1.61 billion. Analysts predict that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current year.
Brookfield Asset Management Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a $0.525 dividend. This is a boost from Brookfield Asset Management's previous quarterly dividend of $0.52. The ex-dividend date was Friday, August 30th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.97%. Brookfield Asset Management's dividend payout ratio (DPR) is presently 136.67%.
Insider Buying and Selling
In other news, Senior Officer Anuj Ranjan sold 112,500 shares of the company's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. In related news, Senior Officer Anuj Ranjan sold 112,500 shares of the firm's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of C$39.63, for a total transaction of C$4,458,375.00. Also, Director Brian William Kingston sold 281,250 shares of the firm'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 transaction of C$18,111,093.75. 14.10% of the stock is 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
