Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM's share price hit a new 52-week high during trading on Monday . The stock traded as high as C$79.52 and last traded at C$78.49, with a volume of 570615 shares traded. The stock had previously closed at C$74.25.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company upgraded Brookfield Asset Management to a "strong sell" rating in a report on Thursday, September 12th.
Get Our Latest Report on Brookfield Asset Management
Brookfield Asset Management Stock Up 2.5 %
The business has a 50 day simple moving average of C$63.23 and a 200 day simple moving average of C$57.41. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The stock has a market cap of C$31.87 billion and a PE ratio of 50.73.
Brookfield Asset Management (TSE:BAM - Get Free Report) NYSE: BAM last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$0.47 EPS for the quarter, missing the consensus estimate of C$0.48 by C($0.01). The company had revenue of C$1.57 billion during the quarter, compared to analyst estimates of C$1.61 billion. On average, equities research analysts forecast that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current fiscal year.
Brookfield Asset Management Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Friday, November 29th. Brookfield Asset Management's payout ratio is presently 136.67%.
Insiders Place Their Bets
In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of the business's stock in a transaction dated 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. In other Brookfield Asset Management news, Director Brian William Kingston sold 281,250 shares of the 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. Also, Senior Officer Anuj Ranjan sold 112,500 shares of Brookfield Asset Management stock in a transaction that occurred on 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. Company insiders own 14.10% of the company's stock.
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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