Security National Bank Sells 437 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Security National Bank cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,303 shares of the business services provider’s stock after selling 437 shares during the period. Broadridge Financial Solutions comprises about 0.9% of Security National Bank’s portfolio, making the stock its 27th largest position. Security National Bank’s holdings in Broadridge Financial Solutions were worth $4,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BR. Golden State Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at approximately $29,000. Whipplewood Advisors LLC lifted its stake in Broadridge Financial Solutions by 2,620.0% in the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock valued at $33,000 after buying an additional 131 shares in the last quarter. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $34,000. Continuum Advisory LLC increased its position in shares of Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $36,000. 90.03% of the stock is owned by institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,068 shares of the firm’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 value of $251,214.96. Following the completion of the sale, the insider now directly owns 1,070 shares of the company’s stock, valued at $251,685.40. This trade represents a 49.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the transaction, the director now owns 30,892 shares of the company’s stock, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,116 shares of company stock valued at $4,352,298. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Trading Down 1.5%

Shares of NYSE:BR opened at $238.26 on Thursday. The company’s 50-day moving average price is $238.62 and its two-hundred day moving average price is $235.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32. Broadridge Financial Solutions, Inc. has a one year low of $195.64 and a one year high of $247.01. The stock has a market capitalization of $27.99 billion, a PE ratio of 35.83 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast 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 Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a $0.88 dividend. The ex-dividend date is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is presently 52.93%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BR shares. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a “buy” rating and a $300.00 target price for the company. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Five 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, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $250.83.

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.