Brookfield Asset Management Inc (TSE:BAM.A) Senior Officer Lori Anne Pearson Sells 42,376 Shares of Stock

Brookfield Asset Management Inc (TSE:BAM.AGet Rating) (NYSE:BAM) Senior Officer Lori Anne Pearson sold 42,376 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of C$60.22, for a total value of C$2,551,865.77. Following the sale, the insider now owns 956,064 shares in the company, valued at approximately C$57,573,791.65.

Brookfield Asset Management Stock Performance

Shares of Brookfield Asset Management stock opened at C$60.99 on Thursday. The company has a market cap of C$96.00 billion and a PE ratio of 22.10. Brookfield Asset Management Inc has a 52 week low of C$51.07 and a 52 week high of C$79.04. The business has a 50 day moving average price of C$57.25 and a 200-day moving average price of C$60.25. The company has a quick ratio of 0.91, a current ratio of 1.13 and a debt-to-equity ratio of 152.62.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BAM.A. Royal Bank of Canada upped their target price on Brookfield Asset Management from C$63.00 to C$66.00 and gave the company an “outperform” rating in a research report on Friday, August 12th. TD Securities began coverage on Brookfield Asset Management in a report on Friday, September 9th. They issued a “buy” rating and a C$72.00 price target on the stock.

About Brookfield Asset Management

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Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

Further Reading

Insider Buying and Selling by Quarter for Brookfield Asset Management (TSE:BAM.A)

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