Brookfield Asset Management (TSE:BAM) Stock Passes Above 200-Day Moving Average of $50.68

Shares of Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$50.68 and traded as high as C$54.70. Brookfield Asset Management shares last traded at C$53.14, with a volume of 601,269 shares traded.

Brookfield Asset Management Stock Performance

The stock’s 50-day moving average price is C$55.67 and its 200 day moving average price is C$50.68. The company has a debt-to-equity ratio of 1.73, a current ratio of 4.39 and a quick ratio of 0.95. The firm has a market cap of C$20.66 billion and a P/E ratio of 34.73.

Brookfield Asset Management (TSE:BAM) (NYSE:BAM) last posted its quarterly earnings results on Wednesday, February 7th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.47 by C$0.02. Brookfield Asset Management had a net margin of 45.27% and a return on equity of 18.68%. The firm had revenue of C$1.54 billion for the quarter. As a group, equities analysts predict that Brookfield Asset Management Ltd. will post 1.9619546 EPS for the current year.

Brookfield Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, February 28th. Brookfield Asset Management’s dividend payout ratio is currently 135.29%.

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.