Broadridge Financial Solutions, Inc. $BR Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,728 shares of the business services provider’s stock after selling 403 shares during the period. Prospera Financial Services Inc’s holdings in Broadridge Financial Solutions were worth $1,149,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BR. NewSquare Capital LLC lifted its position in shares of Broadridge Financial Solutions by 89.5% during the second quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after purchasing an additional 51 shares in the last quarter. ORG Partners LLC grew its holdings in Broadridge Financial Solutions by 360.0% during the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 90 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Broadridge Financial Solutions by 85.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 57 shares during the period. Bank of Jackson Hole Trust lifted its holdings in Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after buying an additional 64 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In related news, CEO Timothy C. Gokey sold 11,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $259.29, for a total value of $2,852,190.00. Following the sale, the chief executive officer owned 154,634 shares of the company’s stock, valued at $40,095,049.86. This trade represents a 6.64% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BR has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC upped their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Tuesday. Finally, UBS Group raised their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and a consensus price target of $264.83.

Broadridge Financial Solutions Stock Up 0.2%

Shares of NYSE:BR opened at $223.42 on Thursday. The company’s fifty day moving average is $234.82 and its two-hundred day moving average is $241.47. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. Broadridge Financial Solutions, Inc. has a 1-year low of $212.33 and a 1-year high of $271.91. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 28.61 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. The company had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.