Brookfield Asset Management (TSE:BAM) Shares Cross Above 200-Day Moving Average – What’s Next?

Brookfield Asset Management Ltd. (TSE:BAMGet Free Report) (NYSE:BAM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$65.79 and traded as high as C$73.74. Brookfield Asset Management shares last traded at C$73.16, with a volume of 2,763,260 shares changing 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 note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Brookfield Asset Management presently has a consensus rating of “Buy” and an average price target of C$75.00.

View Our Latest Report on Brookfield Asset Management

Brookfield Asset Management Price Performance

The company has a quick ratio of 0.95, a current ratio of 1.68 and a debt-to-equity ratio of 38.61. The company has a market cap of C$118.88 billion, a PE ratio of 47.72, a P/E/G ratio of 0.43 and a beta of 1.32. The stock has a 50-day simple moving average of C$66.36 and a 200 day simple moving average of C$65.81.

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

Brookfield Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.5025 per share. This represents a $2.01 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, May 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is 116.35%.

About Brookfield Asset Management

(Get Free Report)

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.

Further Reading

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