Blair William & Co. IL Lowers Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Blair William & Co. IL trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 33,808 shares of the business services provider’s stock after selling 1,075 shares during the period. Blair William & Co. IL’s holdings in Broadridge Financial Solutions were worth $8,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BR. ORG Partners LLC grew its position in Broadridge Financial Solutions by 360.0% in the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock worth $28,000 after purchasing an additional 90 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at $29,000. Continuum Advisory LLC lifted its stake in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after buying an additional 46 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Broadridge Financial Solutions by 450.0% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after buying an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions during the 1st quarter valued at $36,000. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer directly owned 143,285 shares in the company, valued at $37,020,545.45. The trade was a 3.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,532 shares of company stock valued at $38,417,208. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

BR has been the topic of several research analyst reports. Needham & Company LLC boosted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. UBS Group increased their price objective on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Morgan Stanley increased their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Hold” and an average price target of $261.50.

Broadridge Financial Solutions Stock Down 0.6%

Shares of NYSE BR opened at $232.81 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $208.20 and a 12-month high of $271.91. The business’s fifty day simple moving average is $250.05 and its 200-day simple moving average is $242.56. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock has a market cap of $27.17 billion, a P/E ratio of 32.84 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. The company had revenue of $1.05 billion for the quarter. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.01%.

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.