Brookfield (TSE:BN) Director Sells 116,700 Shares

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 value of C$7,179,384.00. Following the transaction, the director owned 55,597,851 shares in the company, valued at C$3,420,379,793.52. This trade 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 value of C$9,517,662.00.

Brookfield Trading Down 0.8%

Shares of TSE BN traded down C$0.47 on Friday, reaching C$60.57. 498,315 shares of the company traded hands, compared to its average volume of 2,920,698. Brookfield Co. has a fifty-two week low of C$52.04 and a fifty-two week high of C$68.44. The company has a 50 day moving average of C$62.70 and a 200 day moving average of C$61.68. The stock has a market capitalization of C$135.29 billion, a PE ratio of 118.76 and a beta of 1.61.

Brookfield (TSE:BN) last released its earnings results on Thursday, May 14th. The company reported C$0.92 earnings per share (EPS) 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 for the quarter. As a group, research analysts expect that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered their price objective on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating for the company in a research note 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 company’s stock. According to data from MarketBeat.com, Brookfield has an average rating of “Buy” and an average 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.