Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,795 shares of the business services provider’s stock after acquiring an additional 471 shares during the period. Dynasty Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $1,536,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. J.W. Cole Advisors Inc. purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth $222,000. Nisa Investment Advisors LLC grew its position in Broadridge Financial Solutions by 4.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 43,137 shares of the business services provider’s stock worth $9,314,000 after purchasing an additional 1,825 shares during the last quarter. MONECO Advisors LLC raised its stake in shares of Broadridge Financial Solutions by 4.4% during the third quarter. MONECO Advisors LLC now owns 1,566 shares of the business services provider’s stock worth $337,000 after purchasing an additional 66 shares during the last quarter. Avitas Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth approximately $1,129,000. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Broadridge Financial Solutions by 22.0% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,795 shares of the business services provider’s stock worth $1,031,000 after acquiring an additional 864 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In other news, VP Laura Matlin sold 514 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brett Keller sold 5,442 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,666 shares of company stock worth $5,050,766 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Up 0.3 %

NYSE BR opened at $237.17 on Friday. The stock has a market cap of $27.75 billion, a PE ratio of 37.12 and a beta of 1.08. The business has a 50 day moving average price of $233.55 and a two-hundred day moving average price of $223.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $244.47. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

BR has been the topic of several analyst reports. DA Davidson restated a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group lifted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $239.17.

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.