Brookfield Asset Management Ltd. (TSE:BAM) Director Nicholas Howard Goodman Sells 4,500 Shares

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Director Nicholas Howard Goodman sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of C$79.05, for a total transaction of C$355,721.85.

Brookfield Asset Management Trading Up 1.4%

BAM stock opened at C$82.39 on Thursday. The company has a market capitalization of C$96.73 billion and a P/E ratio of 28.35. The business has a 50 day simple moving average of C$70.50 and a 200-day simple moving average of C$76.67. Brookfield Asset Management Ltd. has a twelve month low of C$51.14 and a twelve month high of C$90.24.

Brookfield Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a dividend of $0.4375 per share. The ex-dividend date was Friday, February 28th. This represents a $1.75 dividend on an annualized basis and a yield of 2.12%. This is a boost from Brookfield Asset Management’s previous quarterly dividend of $0.38. Brookfield Asset Management’s dividend payout ratio is currently 70.53%.

Wall Street Analysts Forecast Growth

BAM has been the topic of several research reports. Hsbc Global Res raised Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. UBS Group dropped their price objective on Brookfield Asset Management from C$96.00 to C$90.00 in a report on Thursday, May 1st. Finally, Royal Bank of Canada set a C$68.00 target price on Brookfield Asset Management and gave the company an “outperform” rating in a report on Monday, March 17th.

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.