Brookfield (TSE:BN) Director Sells C$9,517,662.00 in Stock

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 152,600 shares of the 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 transaction, the director directly owned 55,714,551 shares in the company, valued at approximately 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 value of C$7,179,384.00.

Brookfield Price Performance

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

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

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their target price on Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat, Brookfield has a consensus rating of “Buy” and a consensus price target 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.