Marshall & Sterling Wealth Advisors Inc. Buys New Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Marshall & Sterling Wealth Advisors Inc. purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 263 shares of the business services provider’s stock, valued at approximately $59,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Adero Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 2.5% during the 4th quarter. Adero Partners LLC now owns 1,837 shares of the business services provider’s stock worth $415,000 after purchasing an additional 45 shares during the period. Sunburst Financial Group LLC lifted its position in Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider’s stock worth $229,000 after buying an additional 46 shares during the period. Nicolet Advisory Services LLC lifted its position in Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock worth $224,000 after buying an additional 46 shares during the period. Advisors Capital Management LLC boosted its stake in Broadridge Financial Solutions by 3.5% in the 4th quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider’s stock worth $326,000 after buying an additional 49 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its holdings in Broadridge Financial Solutions by 3.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock valued at $345,000 after buying an additional 52 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 0.1 %

NYSE:BR opened at $237.81 on Monday. The business’s 50-day moving average is $234.53 and its two-hundred day moving average is $230.83. The firm has a market capitalization of $27.83 billion, a PE ratio of 37.22 and a beta of 1.06. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $247.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the company posted $0.92 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is 55.09%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the sale, the chief executive officer now directly owns 169,788 shares of the company’s stock, valued at approximately $39,973,188.84. This represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BR has been the topic of several research analyst reports. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. UBS Group upped their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. DA Davidson reiterated a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $241.00.

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.