Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry Sells 22,357 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry sold 22,357 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the transaction, the president now directly owns 52,524 shares of the company’s stock, valued at $12,355,220.52. The trade was a 29.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Broadridge Financial Solutions Stock Down 3.7 %

Shares of BR stock opened at $231.90 on Tuesday. The stock has a market cap of $27.14 billion, a P/E ratio of 36.29 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $246.58. The company has a 50 day simple moving average of $235.35 and a two-hundred day simple moving average of $225.50. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period last year, the company earned $0.92 earnings per share. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Analyst Ratings Changes

BR has been the subject of several research reports. DA Davidson reissued a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $239.17.

Hedge Funds Weigh In On Broadridge Financial Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Menard Financial Group LLC boosted its position in shares of Broadridge Financial Solutions by 4.4% during the fourth quarter. Menard Financial Group LLC now owns 4,086 shares of the business services provider’s stock worth $924,000 after acquiring an additional 172 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Broadridge Financial Solutions during the fourth quarter valued at $25,233,000. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Broadridge Financial Solutions by 16.6% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,294 shares of the business services provider’s stock valued at $293,000 after acquiring an additional 184 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in shares of Broadridge Financial Solutions by 2.8% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 2,222 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 61 shares during the period. Finally, United Advisor Group LLC raised its stake in shares of Broadridge Financial Solutions by 16.7% in the fourth quarter. United Advisor Group LLC now owns 2,812 shares of the business services provider’s stock valued at $636,000 after acquiring an additional 402 shares during the period. Institutional investors own 90.03% of the company’s stock.

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.