Brookfield Asset Management (TSE:BAM) Given a C$68.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a C$68.00 target price on Brookfield Asset Management (TSE:BAM) (NYSE:BAM) in a report released on Monday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research report on Monday, December 16th. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Brookfield Asset Management Stock Performance

TSE:BAM opened at C$68.46 on Monday. The stock’s 50 day moving average price is C$79.78 and its 200 day moving average price is C$73.51. Brookfield Asset Management has a 52 week low of C$51.14 and a 52 week high of C$90.24. The company has a market capitalization of C$80.37 billion and a P/E ratio of 23.55.

Brookfield Asset Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.4375 per share. The ex-dividend date is Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 2.56%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio is presently 70.53%.

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.