Brookfield Asset Management’s (BAM) “Buy” Rating Reiterated at UBS Group

UBS Group reissued their buy rating on shares of Brookfield Asset Management (TSE:BAM) (NYSE:BAM) in a report published on Monday,BayStreet.CA reports.

Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a “strong sell” rating in a report on Thursday, September 12th.

Brookfield Asset Management Stock Performance

Brookfield Asset Management stock opened at C$77.68 on Monday. The company has a market cap of C$32.54 billion and a price-to-earnings ratio of 51.79. Brookfield Asset Management has a 12 month low of C$50.25 and a 12 month high of C$84.17. The company has a debt-to-equity ratio of 6.32, a current ratio of 0.85 and a quick ratio of 0.95. The stock’s 50-day moving average is C$75.81 and its 200-day moving average is C$62.61.

Brookfield Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 136.67%.

Insider Transactions at Brookfield Asset Management

In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of C$83.87, for a total value of C$2,096,630.00. Also, Director Brian William Kingston sold 281,250 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$64.40, for a total value of C$18,111,093.75. Company insiders own 14.10% of the company’s stock.

About Brookfield Asset Management

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.