UBS Group Reaffirms “Buy” Rating for Brookfield Asset Management (TSE:BAM)

Brookfield Asset Management (TSE:BAM) (NYSE:BAM)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a note issued to investors on Monday,BayStreet.CA reports.

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

Brookfield Asset Management Stock Up 2.4 %

Shares of BAM traded up C$1.93 on Monday, hitting C$83.67. The company’s stock had a trading volume of 211,949 shares, compared to its average volume of 1,045,868. Brookfield Asset Management has a fifty-two week low of C$50.25 and a fifty-two week high of C$84.17. The company has a quick ratio of 0.95, a current ratio of 0.85 and a debt-to-equity ratio of 6.32. The firm’s fifty day moving average price is C$74.78 and its 200-day moving average price is C$62.11. The firm has a market capitalization of C$35.05 billion and a price-to-earnings ratio of 55.77.

Insider Buying and Selling at Brookfield Asset Management

In related news, Director Brian William Kingston sold 281,250 shares of the stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$64.40, for a total transaction of C$18,111,093.75. Also, Director Justin B. Beber sold 25,000 shares of Brookfield Asset Management stock in a transaction dated 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.