Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) NYSE: BAM passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$76.98 and traded as high as C$81.16. Brookfield Asset Management shares last traded at C$79.45, with a volume of 1,906,239 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on BAM. Royal Bank of Canada set a C$68.00 price objective on Brookfield Asset Management and gave the company an "outperform" rating in a research note on Monday, March 17th. UBS Group reduced their price objective on Brookfield Asset Management from C$96.00 to C$90.00 in a research note on Thursday, May 1st. Finally, Hsbc Global Res upgraded Brookfield Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.
View Our Latest Report on Brookfield Asset Management
Brookfield Asset Management Price Performance
The stock has a 50 day simple moving average of C$72.55 and a two-hundred day simple moving average of C$77.07. The company has a market cap of C$92.04 billion and a PE ratio of 26.97.
Brookfield Asset Management Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.4375 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Brookfield Asset Management's previous quarterly dividend of $0.38. Brookfield Asset Management's payout ratio is presently 70.53%.
Insider Activity
In other 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. Corporate insiders own 14.10% of the company's stock.
Brookfield Asset Management Company Profile
(
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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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