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 passed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Brookfield Asset Management Trading Up 1.0%

The stock has a market capitalization of C$95.41 billion and a price-to-earnings ratio of 27.96. The stock has a 50-day simple moving average of C$70.25 and a 200 day simple moving average of C$76.59.

Brookfield Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.15%. This is a positive change from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Friday, February 28th. Brookfield Asset Management’s payout ratio is currently 70.53%.

Brookfield Asset Management Company Profile

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.