Samuel J. Pollock Adds To Brookfield Holding
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
0mins
Source: Yahoo Finance
- Insider Purchase by Samuel J. Pollock: Insider Samuel J. Pollock purchased CA$12m worth of Brookfield Corporation shares at an average price of CA$60.78, increasing their holding size by 0.9%.
- Insider Transactions: Over the last year, insiders at Brookfield purchased 428.83k shares for CA$25m and sold 145.62k shares worth CA$8.0m, with more buying than selling.
- Insider Ownership: Company insiders own 11% of Brookfield, valued at about CA$11b based on recent share prices, indicating alignment with shareholder interests.
- Implications of Insider Transactions: Recent insider purchase and long-term transaction trends suggest optimism among Brookfield insiders, potentially signaling undervaluation of the stock.
- Recommendations and Analysis: While insider transactions provide insights, it is advised to consider risks and conduct thorough analysis before investing in Brookfield or any other stock.
Analyst Views on BN
Wall Street analysts forecast BN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BN is 49.91 USD with a low forecast of 36.00 USD and a high forecast of 59.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 46.600
Low
36.00
Averages
49.91
High
59.00
Current: 46.600
Low
36.00
Averages
49.91
High
59.00
About BN
Brookfield Corporation is a Canada-based global investment firm focused on building long-term wealth for institutions and individuals around the world. The Company has three core businesses: Alternative Asset Management, Wealth Solutions, and its Operating Businesses, which are in renewable power, infrastructure, business and industrial services, and real estate. Its Asset Management business includes managing long-term private funds, perpetual strategies and liquid strategies on behalf of its investors and itself. The Company's Wealth Solutions business includes its equity accounted interest in Brookfield Wealth Solutions Ltd. Its renewable power and transition business includes the ownership, operation and development of hydroelectric, wind, utility-scale solar power generating assets, distributed energy, and sustainable solutions. The Company’s infrastructure business includes the ownership, operation and development of utilities, transport, midstream, and data assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
