Brookfield Asset Management (TSE:BAM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.00 and traded as high as C$78.55. Brookfield Asset Management shares last traded at C$77.76, with a volume of 736,290 shares traded.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised shares of Brookfield Asset Management to a “strong sell” rating in a research report on Thursday, September 12th.

Brookfield Asset Management Price Performance

The firm’s fifty day moving average price is C$67.85 and its 200 day moving average price is C$59.00. The firm has a market capitalization of C$32.57 billion and a PE ratio of 51.84. The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32.

Brookfield Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 136.67%.

Insider Activity at Brookfield Asset Management

In related news, Director Brian William Kingston sold 281,250 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$64.40, for a total value of C$18,111,093.75. Company insiders own 14.10% of the company’s stock.

Brookfield Asset Management Company Profile

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.