7,506 Broadridge Financial Solutions, Inc. $BR Shares Purchased by Lido Advisors LLC

Lido Advisors LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 126.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,444 shares of the business services provider’s stock after acquiring an additional 7,506 shares during the quarter. Lido Advisors LLC’s holdings in Broadridge Financial Solutions were worth $2,167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider’s stock valued at $2,050,000 after buying an additional 10,266 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions during the first quarter worth $959,000. Andra AP fonden increased its holdings in shares of Broadridge Financial Solutions by 96.5% during the second quarter. Andra AP fonden now owns 170,757 shares of the business services provider’s stock worth $23,385,000 after buying an additional 83,857 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Broadridge Financial Solutions by 29.9% during the first quarter. Empowered Funds LLC now owns 48,430 shares of the business services provider’s stock worth $7,869,000 after buying an additional 11,152 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $910,000. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BR. JPMorgan Chase & Co. raised their price objective on Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a report on Wednesday, November 4th. UBS Group reaffirmed a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. Finally, DA Davidson reissued a “buy” rating and set a $214.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $212.71.

Broadridge Financial Solutions Trading Up 0.4%

NYSE BR traded up $0.80 on Friday, hitting $192.27. The company’s stock had a trading volume of 725,997 shares, compared to its average volume of 1,091,831. The company’s 50-day moving average is $173.29 and its 200 day moving average is $165.46. The firm has a market cap of $21.75 billion, a PE ratio of 21.25 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $233.10. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.28.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. Broadridge Financial Solutions’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 earnings per share. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 10.58 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Thursday, December 10th will be given a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, December 10th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 48.18%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. The trade was a 22.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Maura Markus sold 3,180 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $191.89, for a total value of $610,210.20. Following the transaction, the director directly owned 33,769 shares in the company, valued at $6,479,933.41. The trade was a 8.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.00% of the stock is owned by company insiders.

About Broadridge Financial Solutions

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions. The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.