Brookfield Asset Management (TSE:BAM) Shares Cross Below 200 Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$66.69 and traded as low as C$65.56. Brookfield Asset Management shares last traded at C$66.08, with a volume of 1,106,207 shares changing hands.

Wall Street Analyst Weigh In

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

Brookfield Asset Management Stock Performance

The company has a current ratio of 1.68, a quick ratio of 0.95 and a debt-to-equity ratio of 38.61. The firm’s fifty day moving average price is C$65.72 and its 200-day moving average price is C$66.69. The firm has a market cap of C$105.52 billion, a price-to-earnings ratio of 42.36, a PEG ratio of 0.43 and a beta of 1.32.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.53 EPS for the quarter. Brookfield Asset Management had a net margin of 50.79% and a return on equity of 30.18%. The firm had revenue of C$1.98 billion for the quarter. Analysts expect that Brookfield Asset Management Ltd. will post 2.5564428 earnings per share for the current year.

Brookfield Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a $0.5025 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 3.0%. Brookfield Asset Management’s dividend payout ratio is 116.35%.

About Brookfield Asset Management

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.