Brookfield Asset Management (TSE:BAM) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s share price 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 trading hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upgraded shares of Brookfield Asset Management to a “moderate buy” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$75.00.

Brookfield Asset Management Price Performance

The firm has a market capitalization of C$99.82 billion, a P/E ratio of 40.07, a price-to-earnings-growth ratio of 0.43 and a beta of 1.30. The business has a 50-day moving average of C$65.85 and a 200 day moving average of C$67.06. The company has a current ratio of 1.68, a quick ratio of 0.95 and a debt-to-equity ratio of 38.61.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted 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 for the quarter. Brookfield Asset Management had a return on equity of 30.06% and a net margin of 50.81%. On average, sell-side analysts predict that Brookfield Asset Management Ltd. will post 2.5564428 earnings per share for the current fiscal year.

Brookfield Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.5025 per share. The ex-dividend date is Friday, May 29th. This represents a $2.01 annualized dividend and a dividend 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.