Brookfield (TSE:BN) Insider Sells 675,000 Shares of Company Stock

Brookfield Co. (TSE:BN) insider Brian William Kingston sold 675,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of C$50.73, for a total value of C$34,242,750.00. Following the transaction, the insider directly owned 2,070,014 shares in the company, valued at approximately C$105,011,810.22. This represents a 24.59% decrease in their position.

Brookfield Stock Up 1.8%

Brookfield stock traded up C$0.94 during midday trading on Friday, reaching C$52.91. The stock had a trading volume of 1,413,277 shares, compared to its average volume of 2,952,965. Brookfield Co. has a 52-week low of C$50.85 and a 52-week high of C$68.44. The company has a fifty day moving average of C$56.61 and a 200 day moving average of C$59.27. The firm has a market cap of C$118.11 billion, a price-to-earnings ratio of 97.98 and a beta of 1.58.

Brookfield (TSE:BN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.94 EPS for the quarter. Brookfield had a net margin of 1.80% and a return on equity of 3.05%. The company had revenue of C$27.57 billion for the quarter. Equities research analysts predict that Brookfield Co. will post 6.4136752 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded Brookfield to a “strong-buy” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus 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.