Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) CEO Sells $11,656,566.88 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) CEO Timothy C. Gokey sold 91,238 shares of Broadridge Financial Solutions stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $127.76, for a total value of $11,656,566.88. Following the sale, the chief executive officer now owns 201,329 shares in the company, valued at $25,721,793.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

BR stock opened at $130.40 on Monday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $81.90 and a fifty-two week high of $144.50. The business’s 50 day moving average price is $136.24 and its two-hundred day moving average price is $120.86. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $15.02 billion, a price-to-earnings ratio of 32.85 and a beta of 0.86.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 11th. The business services provider reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.06. Broadridge Financial Solutions had a return on equity of 48.87% and a net margin of 10.21%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business earned $1.72 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 5.46 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.575 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.54. The ex-dividend date is Monday, September 14th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.76%. Broadridge Financial Solutions’s dividend payout ratio is 42.94%.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $142.00 to $152.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Rosenblatt Securities raised their target price on Broadridge Financial Solutions from $112.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Raymond James lifted their price target on Broadridge Financial Solutions from $126.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. DA Davidson cut Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $138.00 price target for the company. in a research report on Wednesday, August 5th. They noted that the move was a valuation call. Finally, BTIG Research cut Broadridge Financial Solutions from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Broadridge Financial Solutions currently has a consensus rating of “Hold” and a consensus price target of $136.67.

Hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. lifted its position in Broadridge Financial Solutions by 41.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 12,131 shares of the business services provider’s stock valued at $1,150,000 after acquiring an additional 3,548 shares in the last quarter. Aigen Investment Management LP lifted its position in Broadridge Financial Solutions by 28,050.0% in the 1st quarter. Aigen Investment Management LP now owns 563 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 561 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its position in Broadridge Financial Solutions by 34.1% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,971 shares of the business services provider’s stock valued at $566,000 after acquiring an additional 1,518 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Broadridge Financial Solutions by 12.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,029 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 341 shares in the last quarter. Finally, Cigna Investments Inc. New lifted its position in Broadridge Financial Solutions by 3.2% in the 1st quarter. Cigna Investments Inc. New now owns 3,221 shares of the business services provider’s stock valued at $306,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 85.92% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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