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Brookfield Asset Management (TSE:BAM) Share Price Passes Above 200 Day Moving Average - Here's Why

Brookfield Asset Management logo with Financial Services background

Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$76.31 and traded as high as C$85.00. Brookfield Asset Management shares last traded at C$83.40, with a volume of 663,262 shares changing hands.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their target price on shares of Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st.

Read Our Latest Report on Brookfield Asset Management

Brookfield Asset Management Trading Up 0.4%

The company has a fifty day simple moving average of C$77.72 and a 200-day simple moving average of C$76.28. The stock has a market cap of C$97.03 billion and a price-to-earnings ratio of 28.44.

Insider Buying and Selling at Brookfield Asset Management

In related news, Director Nicholas Howard Goodman sold 4,500 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was 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.

Brookfield Asset Management Company Profile

(Get Free Report)

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.

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