Captrust Financial Advisors Acquires 438 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Captrust Financial Advisors increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,012 shares of the business services provider’s stock after purchasing an additional 438 shares during the period. Captrust Financial Advisors’ holdings in Broadridge Financial Solutions were worth $7,529,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vinva Investment Management Ltd boosted its position in Broadridge Financial Solutions by 50.4% during the third quarter. Vinva Investment Management Ltd now owns 6,771 shares of the business services provider’s stock worth $1,436,000 after purchasing an additional 2,269 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of Broadridge Financial Solutions by 4.3% in the third quarter. Public Sector Pension Investment Board now owns 4,840 shares of the business services provider’s stock worth $1,041,000 after buying an additional 200 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Broadridge Financial Solutions by 2.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 904,919 shares of the business services provider’s stock worth $194,585,000 after buying an additional 20,775 shares during the period. Fiduciary Trust Co grew its stake in Broadridge Financial Solutions by 1.4% in the 3rd quarter. Fiduciary Trust Co now owns 4,475 shares of the business services provider’s stock valued at $962,000 after buying an additional 61 shares during the last quarter. Finally, FORA Capital LLC raised its holdings in Broadridge Financial Solutions by 1.4% in the 3rd quarter. FORA Capital LLC now owns 4,635 shares of the business services provider’s stock worth $997,000 after acquiring an additional 66 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Broadridge Financial Solutions Stock Down 0.7 %

Shares of BR stock opened at $234.32 on Tuesday. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $237.74. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a fifty day moving average price of $220.06 and a 200 day moving average price of $210.60. The stock has a market cap of $27.39 billion, a P/E ratio of 40.54 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.09 EPS. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business 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. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Activity

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares of the company’s stock, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 78,294 shares of company stock worth $16,944,095. Company 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.