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

Brookfield Co. (TSE:BN) insider Brian William Kingston sold 675,000 shares of the company’s stock in a transaction 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 completion of 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 ownership of the stock.

Brookfield Stock Performance

Shares of Brookfield stock traded up C$0.94 on Friday, reaching C$52.91. 1,413,277 shares of the company’s stock were exchanged, compared to its average volume of 2,952,965. The firm’s 50-day moving average is C$56.61 and its two-hundred day moving average is C$59.27. The company has a market capitalization of C$118.11 billion, a P/E ratio of 97.98 and a beta of 1.58. Brookfield Co. has a 52 week low of C$50.85 and a 52 week high of C$68.44.

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

Wall Street Analyst Weigh In

Separately, BMO Capital Markets raised Brookfield to a “strong-buy” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Brookfield currently has a consensus rating of “Buy” and an average target price 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.