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

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 transaction, the director owned 55,714,551 shares in the company, valued at approximately C$3,474,916,545.87. This trade 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 Stock Down 0.3%

TSE:BN opened at C$60.86 on Friday. The business’s 50-day simple moving average is C$62.64 and its two-hundred day simple moving average is C$61.67. The stock has a market cap of C$135.94 billion, a PE ratio of 119.33 and a beta of 1.61. Brookfield Co. has a 52 week low of C$52.04 and a 52 week high of C$68.44.

Brookfield (TSE:BN) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. The business 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%. Sell-side analysts anticipate that Brookfield Co. will post 6.4136752 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada dropped their price target on 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 assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.