Brookfield Asset Management (TSE:BAM) Share Price Crosses Above 200 Day Moving Average of $51.10

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$51.10 and traded as high as C$54.41. Brookfield Asset Management shares last traded at C$54.10, with a volume of 546,441 shares trading hands.

Brookfield Asset Management Stock Performance

The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.95 and a current ratio of 4.39. The company has a market capitalization of C$21.03 billion and a P/E ratio of 35.36. The business’s fifty day simple moving average is C$55.61 and its 200-day simple moving average is C$51.10.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced its quarterly earnings results on Wednesday, February 7th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.47 by C$0.02. The company had revenue of C$1.54 billion for the quarter. Brookfield Asset Management had a net margin of 45.27% and a return on equity of 18.68%. As a group, equities analysts anticipate that Brookfield Asset Management Ltd. will post 1.9619546 earnings per share for the current fiscal year.

Brookfield Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.81%. Brookfield Asset Management’s payout ratio is currently 135.29%.

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.