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 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Brookfield Asset Management Stock Down 1.0%

The company has a market capitalization of C$105.52 billion, a PE ratio of 42.36, a P/E/G ratio of 0.43 and a beta of 1.32. 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 has a 50 day simple moving average of C$65.72 and a two-hundred day simple moving average of C$66.69.

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

Brookfield Asset Management Announces Dividend

The company also recently disclosed 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 was Friday, May 29th. This represents a $2.01 dividend on an annualized basis and a yield of 3.0%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 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.