Brookfield Asset Management (TSE:BAM) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.15 and traded as high as C$78.80. Brookfield Asset Management shares last traded at C$77.96, with a volume of 289,580 shares.

Wall Street Analysts Forecast Growth

BAM has been the topic of several recent research reports. UBS Group restated a “buy” rating on shares of Brookfield Asset Management in a research report on Monday, December 16th. Wells Fargo & Company raised Brookfield Asset Management to a “strong sell” rating in a research note on Thursday, September 12th.

Brookfield Asset Management Trading Down 0.5 %

The company has a current ratio of 0.85, a quick ratio of 0.95 and a debt-to-equity ratio of 6.32. The stock has a market cap of C$32.65 billion and a price-to-earnings ratio of 51.97. The company has a fifty day simple moving average of C$78.12 and a 200-day simple moving average of C$64.15.

Brookfield Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.95%. Brookfield Asset Management’s dividend payout ratio is currently 136.67%.

Insider Activity at Brookfield Asset Management

In other news, Director Justin B. Beber sold 25,000 shares of the company’s stock in a transaction dated 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. 14.10% of the stock is owned by insiders.

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.