Bank of Jackson Hole Trust Acquires 64 Shares of Broadridge Financial Solutions, Inc. $BR

Bank of Jackson Hole Trust grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 110.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122 shares of the business services provider’s stock after acquiring an additional 64 shares during the period. Bank of Jackson Hole Trust’s holdings in Broadridge Financial Solutions were worth $30,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BR. Jones Financial Companies Lllp grew its position in Broadridge Financial Solutions by 28,222.6% in the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock worth $230,254,000 after acquiring an additional 946,304 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Broadridge Financial Solutions by 577.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock worth $251,513,000 after buying an additional 883,125 shares during the period. Vanguard Group Inc. grew its stake in Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after buying an additional 438,381 shares during the last quarter. Nuveen LLC acquired a new position in Broadridge Financial Solutions in the 1st quarter valued at $91,445,000. Finally, Principal Financial Group Inc. grew its stake in Broadridge Financial Solutions by 156.8% in the 1st quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider’s stock valued at $98,155,000 after buying an additional 247,157 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Needham & Company LLC raised their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. DA Davidson reiterated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus target price of $265.67.

Insider Transactions at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction dated 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the transaction, the chief executive officer directly owned 165,634 shares of the company’s stock, valued at $42,986,992.02. The trade was a 33.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 147,532 shares of company stock valued at $38,417,208 over the last ninety days. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $219.65 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The firm has a fifty day moving average price of $241.88 and a two-hundred day moving average price of $242.47. The company has a market cap of $25.64 billion, a PE ratio of 30.98 and a beta of 0.95.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s payout ratio is 55.01%.

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.