Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$76.59 and traded as high as C$81.85. Brookfield Asset Management shares last traded at C$81.27, with a volume of 784,608 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on BAM shares. Royal Bank of Canada set a C$68.00 target price on Brookfield Asset Management and gave the company an "outperform" rating in a research report on Monday, March 17th. Hsbc Global Res raised shares of Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, UBS Group cut their price target on shares of Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st.
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Brookfield Asset Management Stock Performance
The company has a 50 day moving average of C$71.13 and a two-hundred day moving average of C$76.84. The stock has a market capitalization of C$98.01 billion and a PE ratio of 28.72.
Brookfield Asset Management Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This is a positive change 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 2.10%. Brookfield Asset Management's dividend payout ratio (DPR) is 70.53%.
Insider Buying and Selling at Brookfield Asset Management
In other Brookfield Asset Management news, Director Nicholas Howard Goodman sold 4,500 shares of the stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$79.05, for a total value of C$355,721.85. 14.10% of the stock is owned by corporate insiders.
About Brookfield Asset Management
(
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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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