Global Retirement Partners LLC Acquires 411 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Global Retirement Partners LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) by 99.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 823 shares of the business services provider’s stock after buying an additional 411 shares during the quarter. Global Retirement Partners LLC’s holdings in Broadridge Financial Solutions were worth $124,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Dark Forest Capital Management LP purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth approximately $25,000. Venture Visionary Partners LLC purchased a new position in shares of Broadridge Financial Solutions in the second quarter worth $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Broadridge Financial Solutions during the 3rd quarter valued at $29,000. Clear Street Markets LLC raised its holdings in Broadridge Financial Solutions by 406.3% during the 2nd quarter. Clear Street Markets LLC now owns 243 shares of the business services provider’s stock valued at $35,000 after buying an additional 195 shares during the last quarter. Finally, Lumature Wealth Partners LLC grew its holdings in Broadridge Financial Solutions by 82.5% in the 1st quarter. Lumature Wealth Partners LLC now owns 365 shares of the business services provider’s stock worth $57,000 after acquiring an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Thomas J. Perna sold 42,417 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $147.57, for a total transaction of $6,259,476.69. Following the completion of the transaction, the director now owns 29,704 shares of the company’s stock, valued at $4,383,419.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BR shares. StockNews.com started coverage on shares of Broadridge Financial Solutions in a report on Wednesday, October 12th. They set a “hold” rating for the company. Wolfe Research cut their price objective on Broadridge Financial Solutions from $137.00 to $135.00 in a research report on Thursday, January 5th. TheStreet cut Broadridge Financial Solutions from a “b” rating to a “c+” rating in a research note on Wednesday, November 2nd. Raymond James dropped their price target on Broadridge Financial Solutions from $189.00 to $180.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. Finally, DA Davidson reduced their price objective on shares of Broadridge Financial Solutions to $160.00 in a research report on Thursday, October 27th.

Broadridge Financial Solutions Stock Up 0.1 %

BR stock opened at $150.26 on Wednesday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $131.35 and a fifty-two week high of $183.33. The company has a market capitalization of $17.68 billion, a price-to-earnings ratio of 34.15 and a beta of 0.93. The business’s 50 day moving average price is $141.59 and its two-hundred day moving average price is $151.09. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.23 and a current ratio of 1.23.

Broadridge Financial Solutions (NYSE:BR – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The business services provider reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.03). The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Broadridge Financial Solutions had a return on equity of 39.99% and a net margin of 9.01%. Broadridge Financial Solutions’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.07 earnings per share. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 6.93 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Thursday, December 15th were given a dividend of $0.725 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $2.90 dividend on an annualized basis and a yield of 1.93%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 65.91%.

Broadridge Financial Solutions Profile

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Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.