Brookfield Asset Management (TSE:BAM) Shares Cross Above 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Brookfield Asset Management Ltd. (TSE:BAM – Get Free Report) (NYSE:BAM)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$62.99 and traded as high as C$78.81. Brookfield Asset Management shares last traded at C$78.68, with a volume of 354,137 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. UBS Group reiterated a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong sell” rating in a research report on Thursday, September 12th.

Get Our Latest Report on BAM

Brookfield Asset Management Trading Up 1.4 %

The firm has a market capitalization of C$33.41 billion and a price-to-earnings ratio of 53.18. The business’s 50 day moving average price is C$76.94 and its 200-day moving average price is C$63.32. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 136.67%.

Insider Activity at Brookfield Asset Management

In other news, Director Justin B. Beber sold 25,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total value of C$2,096,630.00. Company insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

(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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