Minot DeBlois Advisors LLC Makes New $34,000 Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Minot DeBlois Advisors LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 150 shares of the business services provider’s stock, valued at approximately $34,000.

Several other large investors also recently modified their holdings of the stock. Adero Partners LLC grew its position in Broadridge Financial Solutions by 2.5% in the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider’s stock valued at $415,000 after acquiring an additional 45 shares during the period. Sunburst Financial Group LLC increased its position in shares of Broadridge Financial Solutions by 4.8% during the 4th quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider’s stock worth $229,000 after purchasing an additional 46 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in Broadridge Financial Solutions by 4.8% during the 4th quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock valued at $224,000 after purchasing an additional 46 shares during the last quarter. Advisors Capital Management LLC boosted its position in Broadridge Financial Solutions by 3.5% in the fourth quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider’s stock valued at $326,000 after buying an additional 49 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in Broadridge Financial Solutions by 3.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock worth $345,000 after buying an additional 52 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Timothy C. Gokey sold 95,956 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. This represents a 36.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Hope M. Jarkowski sold 1,068 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total value of $251,214.96. Following the transaction, the insider now owns 1,070 shares in the company, valued at approximately $251,685.40. This represents a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 119,866 shares of company stock worth $28,216,569. Insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BR shares. Needham & Company LLC began coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a “buy” rating and a $300.00 target price on the stock. DA Davidson restated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $250.83.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $237.52 on Wednesday. The company has a market cap of $27.90 billion, a PE ratio of 37.17 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 1 year low of $192.68 and a 1 year high of $247.01. The company’s 50-day moving average is $233.83 and its two-hundred day moving average is $232.19.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the business posted $2.23 earnings per share. Broadridge Financial Solutions’s revenue was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions’s payout ratio is 52.93%.

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.