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

Brookfield Co. (TSE:BN – Get Free Report) Director Jack Lynn Cockwell sold 116,700 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of C$61.52, for a total transaction of C$7,179,384.00. Following the sale, the director directly owned 55,597,851 shares of the company’s stock, valued at approximately C$3,420,379,793.52. This trade represents a 0.21% decrease in their ownership of the stock.

Jack Lynn Cockwell also recently made the following trade(s):

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• 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 0.8%

TSE:BN traded down C$0.47 during mid-day trading on Friday, hitting C$60.57. The company had a trading volume of 498,315 shares, compared to its average volume of 2,920,698. The business has a fifty day simple moving average of C$62.70 and a 200-day simple moving average of C$61.68. The firm has a market capitalization of C$135.29 billion, a price-to-earnings ratio of 118.76 and a beta of 1.61. Brookfield Co. has a 1 year low of C$52.04 and a 1 year high of C$68.44.

Brookfield (TSE:BN – Get Free Report) last issued its 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 company had revenue of C$18.58 billion during the quarter. As a group, research analysts anticipate that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada dropped 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 analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. According to data from MarketBeat.com, Brookfield has a consensus rating of “Buy” and an average price target of C$58.50.

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Brookfield Company Profile

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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.

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