Brookfield (TSE:BN) Director Sells C$407,744.00 in Stock

Brookfield Co. (TSE:BN) Director Jeffrey Miles Blidner sold 6,400 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of C$63.71, for a total transaction of C$407,744.00. Following the completion of the sale, the director directly owned 1,258,759 shares in the company, valued at approximately C$80,195,535.89. This represents a 0.51% decrease in their position.

Jeffrey Miles Blidner also recently made the following trade(s):

• On Wednesday, June 17th, Jeffrey Miles Blidner sold 800 shares of Brookfield stock. The stock was sold at an average price of C$64.00, for a total transaction of C$51,200.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 3,100 shares of Brookfield stock. The stock was sold at an average price of C$63.91, for a total transaction of C$198,121.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 1,900 shares of Brookfield stock. The shares were sold at an average price of C$63.90, for a total transaction of C$121,410.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 5,400 shares of Brookfield stock. The stock was sold at an average price of C$63.75, for a total transaction of C$344,250.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 3,200 shares of Brookfield stock. The stock was sold at an average price of C$63.70, for a total transaction of C$203,840.00.
• On Thursday, June 18th, Jeffrey Miles Blidner sold 1,500 shares of Brookfield stock. The shares were sold at an average price of C$63.79, for a total value of C$95,685.00.
• On Thursday, June 18th, Jeffrey Miles Blidner sold 5,000 shares of Brookfield stock. The shares were sold at an average price of C$62.70, for a total value of C$313,500.00.

Brookfield Trading Down 0.8%

Shares of TSE BN traded down C$0.49 during midday trading on Monday, hitting C$62.42. The company’s stock had a trading volume of 1,055,625 shares, compared to its average volume of 2,938,901. The business’s 50 day moving average is C$62.56 and its two-hundred day moving average is C$61.77. Brookfield Co. has a 12-month low of C$52.04 and a 12-month high of C$68.44. The firm has a market cap of C$139.42 billion, a P/E ratio of 122.39 and a beta of 1.61.

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

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada decreased 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 equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.