Douglas Richard Deschutter Sells 56,539 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Douglas Richard Deschutter sold 56,539 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.60, for a total value of $5,235,511.40. Following the completion of the sale, the insider now owns 98,427 shares in the company, valued at approximately $9,114,340.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $97.34 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $11,350.00, a price-to-earnings ratio of 31.10, a P/E/G ratio of 2.33 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a 1-year low of $66.49 and a 1-year high of $97.54.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a return on equity of 23.59% and a net margin of 6.13%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. research analysts forecast that Broadridge Financial Solutions, Inc. will post 4.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a $0.365 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio is presently 46.65%.

BR has been the topic of several research analyst reports. Zacks Investment Research upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price objective on the stock in a report on Wednesday, January 31st. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Barclays boosted their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. Sandler O’Neill set a $95.00 price objective on Broadridge Financial Solutions and gave the company a “hold” rating in a report on Thursday, February 8th. Finally, DA Davidson reiterated a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus price target of $97.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Broadridge Financial Solutions by 6.3% during the 4th quarter. BlackRock Inc. now owns 13,884,096 shares of the business services provider’s stock worth $1,257,619,000 after acquiring an additional 818,115 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Broadridge Financial Solutions by 38.1% during the 4th quarter. Deutsche Bank AG now owns 1,379,752 shares of the business services provider’s stock worth $124,975,000 after acquiring an additional 380,595 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Broadridge Financial Solutions by 117.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 631,102 shares of the business services provider’s stock worth $57,192,000 after acquiring an additional 340,725 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Broadridge Financial Solutions by 59.3% during the 4th quarter. Renaissance Technologies LLC now owns 699,300 shares of the business services provider’s stock worth $63,343,000 after acquiring an additional 260,236 shares in the last quarter. Finally, Alta Capital Management LLC boosted its position in shares of Broadridge Financial Solutions by 133.0% during the 3rd quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock worth $36,735,000 after acquiring an additional 259,450 shares in the last quarter. 83.50% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Week Herald and is owned by of Week Herald. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://weekherald.com/2018/02/15/douglas-richard-deschutter-sells-56539-shares-of-broadridge-financial-solutions-inc-br-stock.html.

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)

Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply