Brookfield (TSE:BN) Director Jack Lynn Cockwell Sells 116,700 Shares of Stock

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 116,700 shares of the 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 directly owned 55,597,851 shares of the company’s stock, valued at C$3,420,379,793.52. This represents a 0.21% decrease in their ownership of the stock.

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 transaction of C$9,517,662.00.

Brookfield Trading Down 0.3%

Shares of BN opened at C$60.86 on Friday. The stock’s 50 day moving average is C$62.64 and its two-hundred day moving average is C$61.67. 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 capitalization of C$135.94 billion, a PE ratio of 119.33 and a beta of 1.61.

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

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lowered their price target 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price 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.