Brookfield Asset Management (TSE:BAM) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$71.80 and traded as high as C$84.01. Brookfield Asset Management shares last traded at C$82.83, with a volume of 1,691,081 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Hsbc Global Res upgraded Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th.

Brookfield Asset Management Stock Performance

The firm has a market cap of C$97.24 billion and a PE ratio of 28.50. The company’s 50-day simple moving average is C$81.30 and its two-hundred day simple moving average is C$71.80.

Brookfield Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.11%. This is an increase from Brookfield Asset Management’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 28th. Brookfield Asset Management’s dividend payout ratio is 70.53%.

Insider Buying and Selling

In other Brookfield Asset Management news, Director Justin B. Beber sold 25,000 shares of the company’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. 14.10% of the stock is owned by insiders.

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.