Transform Wealth LLC Purchases 1,098 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Transform Wealth LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,450 shares of the business services provider’s stock after purchasing an additional 1,098 shares during the quarter. Transform Wealth LLC’s holdings in Broadridge Financial Solutions were worth $9,408,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in Broadridge Financial Solutions by 5.7% in the fourth quarter. Ballentine Partners LLC now owns 1,720 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 92 shares during the last quarter. Addenda Capital Inc. lifted its stake in shares of Broadridge Financial Solutions by 11.2% in the 4th quarter. Addenda Capital Inc. now owns 51,548 shares of the business services provider’s stock valued at $11,693,000 after purchasing an additional 5,209 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Broadridge Financial Solutions by 12.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock worth $119,000 after purchasing an additional 57 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Broadridge Financial Solutions by 5.5% during the fourth quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider’s stock worth $248,000 after purchasing an additional 57 shares during the period. Finally, Trueblood Wealth Management LLC increased its holdings in Broadridge Financial Solutions by 1.3% in the fourth quarter. Trueblood Wealth Management LLC now owns 6,844 shares of the business services provider’s stock valued at $1,547,000 after purchasing an additional 88 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $230.35 on Tuesday. The stock has a 50-day moving average price of $229.51 and a two-hundred day moving average price of $218.25. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $237.96. The stock has a market cap of $26.93 billion, a PE ratio of 39.85 and a beta of 1.08. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. During the same period last year, the company earned $1.09 earnings per share. Broadridge Financial Solutions’s quarterly revenue was down .6% on a year-over-year basis. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.53%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BR. UBS Group began coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price for the company. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson increased their target price on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Morgan Stanley raised their price objective on 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $226.71.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares of the company’s stock, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction 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 transaction, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is owned by insiders.

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.