Jeffrey Miles Blidner Sells 6,400 Shares of Brookfield (TSE:BN) Stock

Brookfield Co. (TSE:BN) Director Jeffrey Miles Blidner sold 6,400 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$63.71, for a total value of C$407,744.00. Following the completion of the transaction, the director directly owned 1,258,759 shares in the company, valued at C$80,195,535.89. This represents a 0.51% decrease in their ownership of the stock.

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 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 transaction 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 transaction of C$344,250.00.
• On Wednesday, June 17th, Jeffrey Miles Blidner sold 3,200 shares of Brookfield stock. The shares were sold at an average price of C$63.70, for a total transaction of C$203,840.00.
• 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 transaction of C$95,685.00.
• On Thursday, June 18th, Jeffrey Miles Blidner sold 5,000 shares of Brookfield stock. The shares were sold at an average price of C$62.70, for a total transaction of C$313,500.00.

Brookfield Trading Down 0.8%

Shares of TSE BN traded down C$0.49 during trading on Monday, reaching C$62.42. 1,055,625 shares of the company traded hands, compared to its average volume of 2,938,901. Brookfield Co. has a 12-month low of C$52.04 and a 12-month high of C$68.44. The stock has a market cap of C$139.42 billion, a P/E ratio of 122.39 and a beta of 1.61. The firm’s fifty day simple moving average is C$62.56 and its 200 day simple moving average is C$61.77.

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 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. As a group, research analysts expect that Brookfield Co. will post 6.4136752 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada decreased 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 report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average 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.