Brookfield Asset Management (TSE:BAM) Stock Price Down 6.1% – Time to Sell?

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) fell 6.1% during trading on Thursday . The company traded as low as C$71.74 and last traded at C$72.66. 116,376 shares changed hands during trading, a decline of 89% from the average session volume of 1,045,395 shares. The stock had previously closed at C$77.41.

Analyst Ratings Changes

A number of equities analysts recently commented on BAM shares. UBS Group reaffirmed a “buy” rating on shares of Brookfield Asset Management in a research note on Monday, December 16th. Hsbc Global Res raised shares of Brookfield Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Brookfield Asset Management Trading Down 5.4 %

The stock has a market cap of C$85.99 billion and a P/E ratio of 25.20. The firm’s fifty day moving average is C$81.41 and its 200 day moving average is C$72.77.

Brookfield Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a dividend of $0.4375 per share. 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. This represents a $1.75 annualized dividend and a dividend yield of 2.39%. Brookfield Asset Management’s payout ratio is presently 70.53%.

Insider Buying and Selling at Brookfield Asset Management

In related news, Director Justin B. Beber sold 25,000 shares of the stock in a transaction that occurred 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. Company 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.