Sheaff Brock Investment Advisors LLC Increases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Sheaff Brock Investment Advisors LLC lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,952 shares of the business services provider’s stock after buying an additional 163 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Broadridge Financial Solutions were worth $6,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BR. Bogart Wealth LLC boosted its holdings in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $32,000. Rothschild Investment LLC bought a new position in shares of Broadridge Financial Solutions in the second quarter worth about $32,000. New Covenant Trust Company N.A. purchased a new stake in Broadridge Financial Solutions during the 1st quarter valued at approximately $34,000. Finally, Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions during the 2nd quarter valued at about $37,000. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, CEO Timothy C. Gokey sold 25,000 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.31, for a total transaction of $5,232,750.00. Following the transaction, the chief executive officer now directly owns 206,349 shares in the company, valued at $43,190,909.19. This represents a 10.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Christopher John Perry sold 162 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $210.00, for a total value of $34,020.00. Following the sale, the president now owns 67,267 shares of the company’s stock, valued at $14,126,070. The trade was a 0.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 115,696 shares of company stock valued at $24,782,982 in the last three months. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions Stock Down 0.5 %

Shares of NYSE:BR opened at $227.92 on Friday. The firm has a market capitalization of $26.64 billion, a PE ratio of 39.43 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $180.16 and a 1 year high of $230.00. 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 firm’s 50-day moving average is $215.55 and its two-hundred day moving average is $207.80.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company’s revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.09 EPS. Analysts predict 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 will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.54%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

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.