Brookfield Asset Management (TSE:BAM) Stock Passes Below 200-Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$74.38 and traded as low as C$60.25. Brookfield Asset Management shares last traded at C$62.38, with a volume of 2,984,439 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BAM shares. UBS Group upgraded shares of Brookfield Asset Management to a “hold” rating in a research report on Thursday, December 11th. TD Securities reduced their price target on shares of Brookfield Asset Management from C$76.00 to C$75.00 and set a “buy” rating on the stock in a research report on Tuesday, January 27th. Finally, BMO Capital Markets raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$77.67.

Brookfield Asset Management Stock Down 1.4%

The firm has a 50 day moving average of C$69.27 and a two-hundred day moving average of C$74.12. The firm has a market capitalization of C$97.84 billion, a price-to-earnings ratio of 39.92, a price-to-earnings-growth ratio of 0.43 and a beta of 1.35.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last issued its earnings results on Wednesday, February 4th. The company reported C$0.73 EPS for the quarter. The firm had revenue of C$1.91 billion during the quarter. Brookfield Asset Management had a return on equity of 28.97% and a net margin of 50.88%. Sell-side analysts forecast that Brookfield Asset Management Ltd. will post 2.5564428 EPS for the current fiscal year.

Brookfield Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be given a dividend of $0.5025 per share. This represents a $2.01 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, February 27th. Brookfield Asset Management’s dividend payout ratio is currently 115.13%.

About Brookfield Asset Management

Brookfield Corp, formerly Brookfield Asset Management Inc owns and manages the commercial property, power, and infrastructure assets. Its investment focus includes Real Estate, Infrastructure, Renewable Power and Private Equity. Real Estate is made up of office and retail properties; Renewable power is made up of hydroelectric, wind, solar, and storage generating facilities; Infrastructure is made up of utilities, transport, energy, data infrastructure, and sustainable resource assets; and Private Equity is focused on business services, infrastructure services, and industrial operations.