Aureus Asset Management LLC Has $6.95 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Aureus Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 32,320 shares of the business services provider’s stock after acquiring an additional 3,745 shares during the quarter. Aureus Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $6,950,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Bogart Wealth LLC lifted its position in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after purchasing an additional 96 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $32,000. Rothschild Investment LLC acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $32,000. True Wealth Design LLC lifted its position in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $37,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BR has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. JPMorgan Chase & Co. boosted their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. UBS Group began coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $222.43.

Broadridge Financial Solutions Stock Up 0.1 %

Shares of NYSE BR opened at $236.02 on Monday. The firm has a market cap of $27.59 billion, a PE ratio of 40.83 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.74. The company’s fifty day simple moving average is $220.06 and its 200 day simple moving average is $210.54. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.49%. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the completion of the sale, the chairman now owns 105,094 shares of the company’s stock, valued at approximately $21,823,820.04. This represents a 17.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,294 shares of company stock worth $16,944,095. Insiders own 1.30% 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.