EP Wealth Advisors LLC Sells 264 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

EP Wealth Advisors LLC decreased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,964 shares of the business services provider’s stock after selling 264 shares during the quarter. EP Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BR. Principal Financial Group Inc. grew its stake in Broadridge Financial Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider’s stock valued at $33,898,000 after purchasing an additional 6,552 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of Broadridge Financial Solutions by 6.0% in the 4th quarter. CWA Asset Management Group LLC now owns 1,283 shares of the business services provider’s stock valued at $290,000 after buying an additional 73 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Broadridge Financial Solutions by 4.6% in the fourth quarter. Fulton Bank N.A. now owns 3,346 shares of the business services provider’s stock valued at $756,000 after buying an additional 147 shares in the last quarter. Fortitude Family Office LLC increased its holdings in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after buying an additional 111 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Broadridge Financial Solutions by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,626 shares of the business services provider’s stock worth $4,220,000 after acquiring an additional 233 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 0.4 %

BR stock opened at $236.92 on Friday. Broadridge Financial Solutions, Inc. has a fifty-two week low of $192.68 and a fifty-two week 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. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.98. The business’s fifty day moving average price is $233.94 and its two-hundred day moving average price is $231.78.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the firm earned $2.23 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 485 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the transaction, the director now directly owns 4,960 shares of the company’s stock, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Hope M. Jarkowski sold 1,068 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the sale, the insider now directly owns 1,070 shares of the company’s stock, valued at approximately $251,685.40. This trade represents a 49.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 119,866 shares of company stock valued at $28,216,569. 1.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a research report on Tuesday. They issued a “buy” rating and a $300.00 price objective for the company. Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, DA Davidson reaffirmed a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $250.83.

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.