Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) (NYSE:BAM) Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of C$83.87, for a total transaction of C$2,096,630.00.
Brookfield Asset Management Trading Down 0.5 %
Shares of Brookfield Asset Management stock opened at C$81.74 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 0.95 and a current ratio of 0.85. Brookfield Asset Management Ltd. has a fifty-two week low of C$50.25 and a fifty-two week high of C$84.17. The firm has a 50-day simple moving average of C$74.78 and a two-hundred day simple moving average of C$62.00. The company has a market cap of C$34.24 billion and a P/E ratio of 54.49.
Brookfield Asset Management Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management's dividend payout ratio is presently 136.67%.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company upgraded shares of Brookfield Asset Management to a "strong sell" rating in a report on Thursday, September 12th.
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About Brookfield Asset Management
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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.
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