Hantz Financial Services Inc. Reduces Stock Position in Broadridge Financial Solutions, Inc. $BR

Hantz Financial Services Inc. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,366 shares of the business services provider’s stock after selling 3,613 shares during the period. Hantz Financial Services Inc.’s holdings in Broadridge Financial Solutions were worth $2,519,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC lifted its position in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after acquiring an additional 90 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the first quarter worth $29,000. Bank of Jackson Hole Trust lifted its position in shares of 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 worth $30,000 after acquiring an additional 64 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Broadridge Financial Solutions by 85.1% in the second 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 in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its position in shares of Broadridge Financial Solutions by 450.0% in the first 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. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Needham & Company LLC increased their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. DA Davidson reiterated a “neutral” rating and issued a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $265.67.

Broadridge Financial Solutions Trading Down 0.3%

NYSE BR opened at $220.40 on Friday. The stock’s 50-day simple moving average is $240.25 and its two-hundred day simple moving average is $242.21. Broadridge Financial Solutions, Inc. has a twelve month low of $208.20 and a twelve month high of $271.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 31.09 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. The business had revenue of $1.05 billion for the quarter. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.975 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.01%.

Insider Activity

In other news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. The trade was a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions 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.