Brookfield Asset Management (TSE:BAM) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Posted by Elija Maina on Jan 2nd, 2025

Brookfield Asset Management Ltd. (TSE:BAM – Get Free Report) (NYSE:BAM)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$64.15 and traded as high as C$78.80. Brookfield Asset Management shares last traded at C$77.96, with a volume of 289,580 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Brookfield Asset Management in a research report on Monday, December 16th. Wells Fargo & Company upgraded Brookfield Asset Management to a “strong sell” rating in a report on Thursday, September 12th.

Check Out Our Latest Report on Brookfield Asset Management

Brookfield Asset Management Price Performance

The firm has a market cap of C$32.81 billion and a PE ratio of 52.22. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The firm has a 50-day simple moving average of C$78.27 and a 200 day simple moving average of C$64.24.

Brookfield Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.94%. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 136.67%.

Insiders Place Their Bets

In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00. Corporate insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

(Get Free Report)

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.