Broadridge Financial Solutions (BR) Downgraded by ValuEngine

ValuEngine downgraded shares of Broadridge Financial Solutions (NYSE:BR) from a buy rating to a hold rating in a report released on Friday morning.

Other analysts also recently issued research reports about the stock. Barclays upped their price target on shares of Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an equal weight rating in a research report on Friday, August 11th. DA Davidson reissued a hold rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Finally, BidaskClub raised shares of Broadridge Financial Solutions from a sell rating to a hold rating in a research note on Tuesday, August 22nd.

Shares of Broadridge Financial Solutions (NYSE BR) traded down $0.13 during trading hours on Friday, hitting $90.13. 498,300 shares of the stock traded hands, compared to its average volume of 465,164. The stock has a market cap of $10,504.88, a P/E ratio of 27.07, a PEG ratio of 2.42 and a beta of 0.99. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.25. Broadridge Financial Solutions has a twelve month low of $63.28 and a twelve month high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, beating the consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $923.68 million. During the same quarter in the prior year, the firm earned $0.36 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts expect that Broadridge Financial Solutions will post 3.72 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.62%. Broadridge Financial Solutions’s payout ratio is 50.87%.

In related news, insider Richard J. Daly sold 94,039 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in BR. Bank of Montreal Can lifted its holdings in Broadridge Financial Solutions by 4.3% in the 2nd quarter. Bank of Montreal Can now owns 29,524 shares of the business services provider’s stock valued at $2,231,000 after purchasing an additional 1,204 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Broadridge Financial Solutions by 7,456.0% in the 2nd quarter. Harbour Capital Advisors LLC now owns 36,269 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 35,789 shares in the last quarter. World Asset Management Inc lifted its holdings in Broadridge Financial Solutions by 1.0% in the 2nd quarter. World Asset Management Inc now owns 8,919 shares of the business services provider’s stock valued at $674,000 after purchasing an additional 91 shares in the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Broadridge Financial Solutions by 19.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,141 shares of the business services provider’s stock valued at $540,000 after purchasing an additional 1,176 shares in the last quarter. Finally, Korea Investment CORP purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at about $1,473,000. Institutional investors own 83.54% of the company’s stock.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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