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

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 152,600 shares of the stock in a transaction that occurred 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 sale, the director owned 55,714,551 shares in the company, valued at approximately C$3,474,916,545.87. The trade was 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 shares were sold at an average price of C$61.52, for a total transaction of C$7,179,384.00.

Brookfield Stock Down 0.3%

Shares of TSE BN opened at C$60.86 on Friday. The firm has a market cap of C$135.94 billion, a P/E ratio of 119.33 and a beta of 1.61. Brookfield Co. has a twelve month low of C$52.04 and a twelve month high of C$68.44. The company has a 50 day moving average of C$62.64 and a 200 day moving average of C$61.67.

Brookfield (TSE:BN) last issued its earnings results 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%. As a group, equities analysts expect that Brookfield Co. will post 6.4136752 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reduced 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 investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to MarketBeat, 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.