Brookfield Asset Management (TSE:BAM) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$76.59 and traded as high as C$81.85. Brookfield Asset Management shares last traded at C$81.27, with a volume of 784,608 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BAM. Royal Bank of Canada set a C$68.00 target price on Brookfield Asset Management and gave the stock an “outperform” rating in a report on Monday, March 17th. UBS Group lowered their target price on Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st. Finally, Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Brookfield Asset Management Trading Up 1.0%

The firm has a market cap of C$95.41 billion and a price-to-earnings ratio of 27.96. The stock has a 50-day moving average of C$70.25 and a two-hundred day moving average of C$76.59.

Brookfield Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were given a $0.4375 dividend. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.15%. Brookfield Asset Management’s dividend payout ratio (DPR) is 70.53%.

About Brookfield Asset Management

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.