Brookfield Asset Management (TSE:BAM) Shares Pass Below 200 Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$66.69 and traded as low as C$65.56. Brookfield Asset Management shares last traded at C$66.08, with a volume of 1,106,207 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upgraded Brookfield Asset Management to a “moderate buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Brookfield Asset Management currently has a consensus rating of “Buy” and an average target price of C$75.00.

Brookfield Asset Management Trading Up 1.5%

The business has a 50 day moving average of C$65.77 and a 200-day moving average of C$66.59. The stock has a market cap of C$104.35 billion, a PE ratio of 41.89, a price-to-earnings-growth ratio of 0.43 and a beta of 1.32. The company has a current ratio of 1.68, a quick ratio of 0.95 and a debt-to-equity ratio of 38.61.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last released its quarterly earnings results on Friday, May 8th. The company reported C$0.53 earnings per share for the quarter. Brookfield Asset Management had a return on equity of 30.18% and a net margin of 50.79%.The company had revenue of C$1.98 billion during the quarter. On average, analysts anticipate that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 116.35%.

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.