Brookfield (TSE:BN) Director Jack Lynn Cockwell Sells 152,600 Shares

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 152,600 shares of Brookfield stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of C$62.37, for a total transaction of C$9,517,662.00. Following the completion of the sale, the director owned 55,714,551 shares of the company’s stock, valued at C$3,474,916,545.87. This represents a 0.27% decrease in their position.

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

• On Wednesday, June 24th, Jack Lynn Cockwell sold 116,700 shares of Brookfield stock. The stock was sold at an average price of C$61.52, for a total transaction of C$7,179,384.00.

Brookfield Stock Down 0.8%

TSE:BN traded down C$0.47 during trading hours on Friday, reaching C$60.57. The company had a trading volume of 498,315 shares, compared to its average volume of 2,920,698. Brookfield Co. has a twelve month low of C$52.04 and a twelve month high of C$68.44. The firm has a market cap of C$135.29 billion, a price-to-earnings ratio of 118.76 and a beta of 1.61. The business’s 50-day simple moving average is C$62.70 and its two-hundred day simple moving average is C$61.68.

Brookfield (TSE:BN) last issued its earnings results on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. Brookfield had a return on equity of 2.87% and a net margin of 1.76%.The company had revenue of C$18.58 billion during the quarter. As a group, equities analysts predict that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada dropped their price objective on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a research note on Friday, May 15th. One equities research 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.com, the stock currently has an average rating of “Buy” and an average target price of C$58.50.

About Brookfield

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.