Brookfield Asset Management Ltd. (TSE:BAM) Director Justin B. Beber Sells 25,000 Shares

Brookfield Asset Management Ltd. (TSE:BAM) (NYSE:BAM) Director Justin B. Beber sold 25,000 shares of the business’s 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 transaction of C$2,096,630.00.

Brookfield Asset Management Stock Down 0.5 %

Shares of BAM stock traded down C$0.45 during trading on Friday, reaching C$81.74. The company’s stock had a trading volume of 437,842 shares, compared to its average volume of 1,048,128. 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 capitalization of C$34.24 billion and a price-to-earnings ratio of 54.79. The stock’s 50-day moving average price is C$74.42 and its 200 day moving average price is C$61.82. Brookfield Asset Management Ltd. has a 1-year low of C$50.25 and a 1-year high of C$84.17.

Brookfield Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Asset Management’s dividend payout ratio (DPR) is currently 136.67%.

Analyst Ratings Changes

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

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.