Insider Selling: Brookfield (TSE:BN) Insider Sells C$34,242,750.00 in Stock

Brookfield Co. (TSE:BN) insider Brian William Kingston sold 675,000 shares of Brookfield stock in a transaction dated Wednesday, September 30th. The stock was 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. The trade was a 24.59% decrease in their ownership of the stock.

Brookfield Stock Performance

Shares of TSE:BN opened at C$52.67 on Monday. The stock has a market capitalization of C$117.58 billion, a price-to-earnings ratio of 97.54 and a beta of 1.58. Brookfield Co. has a 1-year low of C$50.85 and a 1-year high of C$68.44. The company has a 50 day moving average price of C$56.49 and a 200 day moving average price of C$59.27.

Brookfield (TSE:BN) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.94 EPS for the quarter. The company had revenue of C$27.57 billion during the quarter. Brookfield had a return on equity of 3.05% and a net margin of 1.80%. On average, sell-side 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 report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from 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.