Brookfield (TSE:BN) Director Sells 5,000 Shares of Stock

Brookfield Co. (TSE:BN) Director Jeffrey Miles Blidner sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of C$62.70, for a total value of C$313,500.00. Following the completion of the transaction, the director directly owned 1,237,259 shares in the company, valued at approximately C$77,576,139.30. The trade was a 0.40% 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 value of C$51,200.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 3,100 shares of Brookfield stock. The shares were 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 Wednesday, June 17th, Jeffrey Miles Blidner sold 6,400 shares of Brookfield stock. The shares were sold at an average price of C$63.71, for a total transaction of C$407,744.00.
• 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.

Brookfield Stock Performance

BN traded down C$0.49 during trading on Monday, reaching 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 company’s fifty day moving average price is C$62.56 and its 200-day moving average price is C$61.77. Brookfield Co. has a 52-week low of C$52.04 and a 52-week high of C$68.44. The company has a market capitalization of C$139.42 billion, a price-to-earnings ratio of 122.39 and a beta of 1.61.

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

Wall Street Analysts Forecast Growth

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 for the company in a research note 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 company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus 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.