Jack Lynn Cockwell Sells 116,700 Shares of Brookfield (TSE:BN) Stock

Brookfield Co. (TSE:BN) Director Jack Lynn Cockwell sold 116,700 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of C$61.52, for a total value of C$7,179,384.00. Following the completion of the sale, the director owned 55,597,851 shares in the company, valued at C$3,420,379,793.52. This 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 0.3%

Brookfield stock opened at C$60.86 on Friday. The stock has a market cap of C$135.94 billion, a PE ratio of 119.33 and a beta of 1.61. The stock has a 50-day moving average price of C$62.64 and a 200 day moving average price of C$61.67. Brookfield Co. has a 52 week low of C$52.04 and a 52 week high of C$68.44.

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. The company had revenue of C$18.58 billion for the quarter. Brookfield had a net margin of 1.76% and a return on equity of 2.87%. On average, equities analysts predict that Brookfield Co. will post 6.4136752 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their price objective on shares of Brookfield from C$63.00 to C$61.00 and set a “moderate buy” rating on the stock in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, Brookfield 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.