Brookfield Asset Management (TSE:BAM.A) Stock Crosses Above 200-Day Moving Average of $67.86

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Brookfield Asset Management Inc (TSE:BAM.A) (NYSE:BAM) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $67.86 and traded as high as $76.69. Brookfield Asset Management shares last traded at $76.34, with a volume of 535,511 shares changing hands.

The stock has a market cap of $77.02 billion and a P/E ratio of 20.56. The company has a fifty day moving average price of C$73.69 and a 200 day moving average price of C$67.86. The company has a debt-to-equity ratio of 121.04, a current ratio of 1.68 and a quick ratio of 1.10.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, November 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. Brookfield Asset Management’s dividend payout ratio is 22.85%.

In related news, Senior Officer Brian William Kingston sold 300,673 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of C$71.29, for a total transaction of C$21,435,940.32. Following the completion of the sale, the insider now owns 160,000 shares in the company, valued at C$11,406,912. Also, Director J. Bruce Flatt sold 175,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$76.07, for a total value of C$13,312,530.00. Following the sale, the director now owns 7,340,323 shares of the company’s stock, valued at approximately C$558,390,115.13.

About Brookfield Asset Management (TSE:BAM.A)

Brookfield Asset Management Inc is a publicly owned asset management holding company. The firm specializes in early stage, acquisition, distressed investments, short-term financing to mid-market companies, corporate carve-outs, recapitalizations, convertible, senior and mezzanine financings, operational and capital structure restructuring, strategic re-direction, turnaround, and under-performing midmarket companies.

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