Brookfield Asset Management (TSE:BAM) Receives “Buy” Rating from UBS Group

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

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

Brookfield Asset Management Price Performance

Shares of BAM opened at C$83.67 on Monday. 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 company has a market cap of C$35.05 billion and a P/E ratio of 55.78. Brookfield Asset Management has a 12 month low of C$50.25 and a 12 month high of C$84.17. The stock has a fifty day moving average price of C$75.18 and a 200 day moving average price of C$62.31.

Brookfield Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. Brookfield Asset Management’s dividend payout ratio (DPR) is presently 136.67%.

Insider Transactions at Brookfield Asset Management

In other news, Director Justin B. Beber sold 25,000 shares of the firm’s stock in a transaction 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. Also, Director Brian William Kingston sold 281,250 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$64.40, for a total transaction of C$18,111,093.75. Insiders own 14.10% of the company’s stock.

Brookfield Asset Management Company Profile

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.