Park Place Capital Corp Raises Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Park Place Capital Corp boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,831 shares of the business services provider’s stock after purchasing an additional 1,391 shares during the quarter. Park Place Capital Corp’s holdings in Broadridge Financial Solutions were worth $1,318,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Albion Financial Group UT increased its holdings in Broadridge Financial Solutions by 2.8% during the 4th quarter. Albion Financial Group UT now owns 2,882 shares of the business services provider’s stock worth $652,000 after purchasing an additional 78 shares during the period. MCF Advisors LLC increased its holdings in Broadridge Financial Solutions by 5.9% during the 4th quarter. MCF Advisors LLC now owns 1,220 shares of the business services provider’s stock worth $276,000 after purchasing an additional 68 shares during the period. Atomi Financial Group Inc. increased its holdings in Broadridge Financial Solutions by 39.7% during the 4th quarter. Atomi Financial Group Inc. now owns 4,104 shares of the business services provider’s stock worth $928,000 after purchasing an additional 1,166 shares during the period. Transform Wealth LLC increased its holdings in Broadridge Financial Solutions by 2.7% during the 4th quarter. Transform Wealth LLC now owns 41,450 shares of the business services provider’s stock worth $9,408,000 after purchasing an additional 1,098 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Broadridge Financial Solutions by 5.7% during the 4th quarter. Ballentine Partners LLC now owns 1,720 shares of the business services provider’s stock worth $389,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, UBS Group initiated coverage on Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $226.71.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $232.80 on Wednesday. The company has a market cap of $27.21 billion, a price-to-earnings ratio of 40.28 and a beta of 1.08. The stock has a 50 day simple moving average of $229.66 and a 200-day simple moving average of $218.47. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.96. 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 issued its earnings results 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%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 EPS. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 10,757 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock valued at $12,264,846 in the last ninety days. Corporate insiders own 1.30% 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. 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.