Brookfield (TSE:BN) Director Sells C$7,179,384.00 in Stock

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 116,700 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of C$61.52, for a total transaction of C$7,179,384.00. Following the transaction, the director owned 55,597,851 shares of the company’s stock, valued at approximately C$3,420,379,793.52. This represents a 0.21% decrease in their position.

Jack Lynn Cockwell also recently made the following trade(s):

• On Tuesday, June 23rd, Jack Lynn Cockwell sold 152,600 shares of Brookfield stock. The shares were sold at an average price of C$62.37, for a total value of C$9,517,662.00.

Brookfield Stock Performance

BN stock opened at C$60.86 on Monday. Brookfield Co. has a 1-year low of C$52.04 and a 1-year high of C$68.44. The business’s 50 day moving average is C$62.64 and its 200-day moving average is C$61.65. The firm has a market cap of C$135.94 billion, a P/E ratio of 119.33 and a beta of 1.61.

Brookfield (TSE:BN) last posted its earnings results on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. The business had revenue of C$18.58 billion during the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.76%. Sell-side analysts forecast that Brookfield Co. will post 6.4136752 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada cut their price objective on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating for the company in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$58.50.

Brookfield Company Profile

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Asset Management, Wealth Solutions, and our Operating Businesses which are in energy, infrastructure, private equity, and real estate. We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities.