Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Golden State Equity Partners

Golden State Equity Partners lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 30.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,356 shares of the business services provider’s stock after purchasing an additional 551 shares during the quarter. Golden State Equity Partners’ holdings in Broadridge Financial Solutions were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BR. OFI Invest Asset Management bought a new stake in shares of Broadridge Financial Solutions in the third quarter worth $25,000. Headinvest LLC bought a new stake in Broadridge Financial Solutions during the third quarter valued at $32,000. First Command Advisory Services Inc. bought a new stake in Broadridge Financial Solutions during the third quarter valued at $34,000. Truvestments Capital LLC bought a new stake in Broadridge Financial Solutions during the third quarter valued at $37,000. Finally, BKM Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at $37,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Price Performance

NYSE BR opened at $194.15 on Friday. The stock’s 50-day moving average price is $200.54 and its two-hundred day moving average price is $194.55. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. The company has a market cap of $22.87 billion, a PE ratio of 33.82 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1 year low of $140.06 and a 1 year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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 firm 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 for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 EPS. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $0.80 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is 55.75%.

Insider Activity

In related news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the transaction, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the sale, the insider now directly owns 44,680 shares of the company’s stock, valued at $8,891,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the transaction, the vice president now owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock worth $9,745,637 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore ISI reissued an “outperform” rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. DA Davidson reissued a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Raymond James upped their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $206.67.

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.