Insider Selling: Broadridge Financial Solutions, Inc. (BR) Director Sells 7,058 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Leslie A. Brun sold 7,058 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $95.24, for a total transaction of $672,203.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Broadridge Financial Solutions, Inc. (BR) traded up $0.56 during trading on Thursday, reaching $97.90. 195,440 shares of the company were exchanged, compared to its average volume of 504,310. 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 company has a market cap of $11,139.31, a price-to-earnings ratio of 31.00, a PEG ratio of 2.37 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a twelve month low of $66.49 and a twelve month high of $98.37.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. Broadridge Financial Solutions’s revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. research analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.04 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.50%.

Institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank increased its holdings in Broadridge Financial Solutions by 11.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after acquiring an additional 149 shares during the period. Advisory Services Network LLC grew its stake in Broadridge Financial Solutions by 82.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares in the last quarter. Captrust Financial Advisors purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $133,000. Assetmark Inc. grew its stake in Broadridge Financial Solutions by 397.5% in the 4th quarter. Assetmark Inc. now owns 1,582 shares of the business services provider’s stock worth $143,000 after buying an additional 1,264 shares in the last quarter. Finally, Wetherby Asset Management Inc. purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $200,000. 83.50% of the stock is currently owned by institutional investors and hedge funds.

BR has been the topic of several research reports. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $108.00 price target on the stock in a research report on Wednesday, January 31st. ValuEngine raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Barclays upped their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Sandler O’Neill set a $95.00 target price on shares of Broadridge Financial Solutions and gave the stock a “hold” rating in a report on Thursday, February 8th. Finally, DA Davidson reaffirmed a “hold” rating and set a $86.00 target price 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 given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $97.25.

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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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