Jeffrey Miles Blidner Sells 5,000 Shares of Brookfield (TSE:BN) Stock

Brookfield Co. (TSE:BN) Director Jeffrey Miles Blidner sold 5,000 shares of the stock in a transaction 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 C$77,576,139.30. This trade represents 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 shares were 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 stock was sold at an average price of C$63.91, for a total value of C$198,121.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 1,900 shares of Brookfield stock. The stock was sold at an average price of C$63.90, for a total value of C$121,410.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 5,400 shares of Brookfield stock. The shares were sold at an average price of C$63.75, for a total value 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 value of C$203,840.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 6,400 shares of Brookfield stock. The stock was sold at an average price of C$63.71, for a total value 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 Down 0.8%

Brookfield stock traded down C$0.49 during mid-day trading on Monday, hitting C$62.42. The company had a trading volume of 1,055,625 shares, compared to its average volume of 2,938,901. The business has a fifty day moving average of C$62.56 and a 200 day moving average of C$61.77. Brookfield Co. has a 1 year low of C$52.04 and a 1 year high of C$68.44. The stock has a market cap 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 earnings results on Thursday, May 14th. The company reported C$0.92 EPS for the quarter. Brookfield had a net margin of 1.76% and a return on equity of 2.87%. The firm had revenue of C$18.58 billion for the quarter. Equities analysts anticipate that Brookfield Co. will post 6.4136752 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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