Brookfield Asset Management's Stock Surges Above 200-Day Moving Average

On a recent trading Wednesday, shares of Brookfield Asset Management Ltd. experienced a notable market movement. The company, listed both on the Toronto Stock Exchange (TSE:BAM) and the New York Stock Exchange (NYSE:BAM), saw its shares rise above the key technical threshold of its 200-day moving average. The price per share reached a high of C$54.30 during the session, ultimately settling at C$53.59, with 923,824 shares changing hands.

Financial Snapshot of Brookfield Asset Management

The company's performance is reflected in several financial indicators. The stock has surpassed its 200-day moving average, which stands at C$47.37, and it has been trading above its fifty-day moving average of C$51.90. Brookfield Asset Management has a debt-to-equity ratio of 1.70, a quick ratio of 0.95, and a current ratio of 3.14. The firm boasts a market capitalization of C$20.91 billion and maintains a PE ratio of 595.44.

During its last quarterly earnings report on November 6th, the company outperformed with earnings per share (EPS) of C$0.47, besting the consensus estimate of C$0.43 by C$0.04. It reported a solid return on equity of 19.05% and an impressive net margin of 48.63%. With these figures, the company marked a revenue of C$1.20 billion for the quarter. Moving forward, analysts are projecting that Brookfield Asset Management will post an EPS of 1.9472924 for the current fiscal year.

Dividend Adjustment and Shareholder Information

Brookfield Asset Management has adjusted its dividend policy, declaring a forthcoming quarterly dividend of $0.38 per share, which corresponds to an annualized dividend of $1.52 and a yield of 2.84%. The dividend is scheduled to be paid on March 28th to shareholders on record as of the same date, with the ex-dividend date being February 28th. Notably, the company's payout ratio is at 1,877.78%.

Insider Transactions

In insider trading news, Justin B. Beber, a director at the company, sold 9,159 shares on December 15th at an average price of C$38.95, totaling C$356,743.05. Insiders currently hold 15.02% of the company's shares.

About Brookfield Asset Management

Brookfield Asset Management Ltd. is an established player in alternative asset management, particularly within the real estate sector. The company's diversified interests include a renewable power and transition business that operates across hydroelectric, wind, solar, and various other sustainable energy sources. Their infrastructure portfolio covers critical sectors such as utilities, transportation, energy midstream, and data infrastructure, among others.

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