Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,846 shares of the business services provider’s stock after buying an additional 313 shares during the quarter. Worldquant Millennium Advisors LLC owned 0.12% of Broadridge Financial Solutions worth $32,070,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $34,000. Gen Wealth Partners Inc acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $36,000. Global X Japan Co. Ltd. acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $41,000. Curio Wealth LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $45,000. Finally, Promus Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $52,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,068 shares of the business’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 completion of the sale, the insider now directly owns 1,070 shares in the company, valued at approximately $251,685.40. The trade was a 49.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now owns 169,788 shares of the company’s stock, valued at approximately $39,973,188.84. This trade represents a 36.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 128,302 shares of company stock worth $30,242,095. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $242.33 on Wednesday. The stock has a market capitalization of $28.46 billion, a price-to-earnings ratio of 37.92 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a twelve month low of $192.68 and a twelve month high of $247.01. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a 50-day moving average of $234.92 and a 200 day moving average of $233.19.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $2.23 EPS. Broadridge Financial Solutions’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a yield of 1.45%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 52.93%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BR shares. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a “buy” rating and a $300.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday. UBS Group upped their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $250.83.

Broadridge Financial Solutions 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.