Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) Director Jeffrey Miles Blidner sold 2,300 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of C$76.48, for a total value of C$175,895.03. Following the completion of the transaction, the director now owns 640,721 shares in the company, valued at approximately C$48,999,843.27.
Shares of TSE BAM.A traded up C$0.57 during midday trading on Friday, hitting C$77.22. 900,079 shares of the company’s stock were exchanged, compared to its average volume of 1,250,000. The firm’s fifty day simple moving average is C$73.97 and its 200-day simple moving average is C$67.99. The company has a market cap of $77.77 billion and a PE ratio of 20.76. Brookfield Asset Management Inc has a twelve month low of C$49.87 and a twelve month high of C$78.62. The company has a debt-to-equity ratio of 121.04, a current ratio of 1.68 and a quick ratio of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 28th. Brookfield Asset Management’s payout ratio is 22.85%.
Brookfield Asset Management Company Profile
Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.
Read More: What is Net Asset Value (NAV)?
Receive News & Ratings for Brookfield Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.