Broadridge Financial Solutions (NYSE:BR) Reaches New 52-Week Low – Should You Sell?

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) hit a new 52-week low on Friday . The stock traded as low as $202.00 and last traded at $202.00, with a volume of 710 shares. The stock had previously closed at $226.61.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. UBS Group reduced their price target on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus target price of $259.83.

Broadridge Financial Solutions Stock Performance

The company has a market cap of $26.30 billion, a P/E ratio of 28.85 and a beta of 0.99. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.06. The company has a 50 day moving average price of $227.26 and a 200-day moving average price of $239.61.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 49.94%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total value of $900,384.00. Following the transaction, the president owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the sale, the vice president directly owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several hedge funds have recently bought and sold shares of BR. First Horizon Corp acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at about $25,000. NewSquare Capital LLC boosted its stake in shares of Broadridge Financial Solutions by 89.5% during the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after buying an additional 51 shares during the period. ORG Partners LLC grew its holdings in shares of 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 acquiring an additional 90 shares in the last quarter. Guerra Advisors Inc purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth $29,000. Finally, Bank of Jackson Hole Trust boosted its position in Broadridge Financial Solutions by 110.3% during the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 64 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

About Broadridge Financial Solutions

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.