Brookfield Asset Management (TSE:BAM) Shares Pass Below 200 Day Moving Average – Here’s Why

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$67.06 and traded as low as C$61.93. Brookfield Asset Management shares last traded at C$62.51, with a volume of 2,544,066 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. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$75.00.

Brookfield Asset Management Price Performance

The firm has a 50 day simple moving average of C$65.77 and a two-hundred day simple moving average of C$66.97. The company has a debt-to-equity ratio of 38.61, a current ratio of 1.68 and a quick ratio of 0.95. The stock has a market cap of C$101.59 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its earnings results on Friday, May 8th. The company reported C$0.53 earnings per share (EPS) for the quarter. The company had revenue of C$1.98 billion during the quarter. Brookfield Asset Management had a return on equity of 30.06% and a net margin of 50.81%. As a group, sell-side analysts expect that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were issued a dividend of $0.5025 per share. The ex-dividend date was Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a yield of 3.2%. Brookfield Asset Management’s payout ratio 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.