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

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$65.92 and traded as high as C$77.26. Brookfield Asset Management shares last traded at C$75.93, with a volume of 1,256,617 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised shares of Brookfield Asset Management to a “moderate buy” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Buy” and a consensus price target of C$75.00.

Brookfield Asset Management Trading Down 3.1%

The company has a quick ratio of 0.95, a current ratio of 1.37 and a debt-to-equity ratio of 44.13. The stock has a market cap of C$120.35 billion, a price-to-earnings ratio of 43.30, a PEG ratio of 0.43 and a beta of 1.32. The company’s fifty day moving average is C$67.37 and its two-hundred day moving average is C$65.97.

Brookfield Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Asset Management’s payout ratio is 108.05%.

Brookfield Asset Management Company Profile

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer a range of alternative investment products to investors around the world – including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.