Broadridge Financial Solutions, Inc. (BR) Insider Robert Schifellite Sells 49,181 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Robert Schifellite sold 49,181 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the sale, the insider now directly owns 149,181 shares of the company’s stock, valued at $13,347,224.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Broadridge Financial Solutions, Inc. (NYSE BR) opened at $89.80 on Tuesday. The stock has a market capitalization of $10,470.00, a P/E ratio of 26.89, a PEG ratio of 2.41 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a one year low of $64.57 and a one year high of $91.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 51.05%.

BR has been the subject of several analyst reports. BidaskClub raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. ValuEngine raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Barclays upped their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Finally, DA Davidson reaffirmed a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $90.50.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. BlackRock Inc. now owns 12,134,364 shares of the business services provider’s stock worth $916,871,000 after buying an additional 79,827 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after buying an additional 6,770,958 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Broadridge Financial Solutions by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,438,336 shares of the business services provider’s stock worth $184,239,000 after buying an additional 10,182 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Broadridge Financial Solutions by 3.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock worth $118,123,000 after buying an additional 53,439 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Broadridge Financial Solutions by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,437,887 shares of the business services provider’s stock worth $108,647,000 after buying an additional 10,569 shares in the last quarter. 83.55% of the stock is owned by institutional investors and hedge funds.

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About Broadridge Financial Solutions

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.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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