Robert N. Duelks Sells 830 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BRGet Free Report) Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Broadridge Financial Solutions Stock Performance

NYSE:BR traded up $1.82 during trading hours on Monday, reaching $205.56. 460,920 shares of the stock were exchanged, compared to its average volume of 597,838. The stock has a market capitalization of $24.21 billion, a P/E ratio of 35.49 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 52 week low of $133.97 and a 52 week high of $210.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The firm has a 50 day simple moving average of $201.41 and a 200-day simple moving average of $189.88.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.75%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BR. Evercore ISI boosted their target price on Broadridge Financial Solutions from $226.00 to $230.00 and gave the company an “outperform” rating in a report on Tuesday, December 5th. Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Raymond James boosted their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $175.00 to $180.00 and gave the stock an “equal weight” rating in a report on Friday, December 8th. Finally, StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, January 23rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $203.17.

Get Our Latest Analysis on Broadridge Financial Solutions

Institutional Trading of Broadridge Financial Solutions

Several large investors have recently added to or reduced their stakes in BR. Vanguard Group Inc. increased its position in shares of Broadridge Financial Solutions by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after purchasing an additional 110,886 shares during the period. Morgan Stanley increased its position in shares of Broadridge Financial Solutions by 41.0% during the 4th quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider’s stock valued at $944,766,000 after purchasing an additional 2,048,184 shares during the period. State Street Corp increased its position in shares of Broadridge Financial Solutions by 0.3% during the 2nd quarter. State Street Corp now owns 4,660,175 shares of the business services provider’s stock valued at $775,189,000 after purchasing an additional 11,728 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Broadridge Financial Solutions by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,140,017 shares of the business services provider’s stock worth $851,809,000 after acquiring an additional 314,004 shares during the last quarter. Finally, Capital International Investors grew its holdings in shares of Broadridge Financial Solutions by 34.1% in the 2nd quarter. Capital International Investors now owns 3,712,221 shares of the business services provider’s stock worth $614,559,000 after acquiring an additional 943,718 shares during the last quarter. 89.36% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Company Profile

(Get Free Report)

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.

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