Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Amalgamated Bank

Amalgamated Bank lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 32,058 shares of the business services provider’s stock after acquiring an additional 654 shares during the period. Amalgamated Bank’s holdings in Broadridge Financial Solutions were worth $6,596,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Procyon Advisors LLC increased its holdings in shares of Broadridge Financial Solutions by 2.3% during the fourth quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 52 shares during the period. New York Life Investment Management LLC raised its position in shares of Broadridge Financial Solutions by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 18,444 shares of the business services provider’s stock worth $3,795,000 after buying an additional 52 shares in the last quarter. Optas LLC lifted its stake in shares of Broadridge Financial Solutions by 3.8% in the 4th quarter. Optas LLC now owns 1,565 shares of the business services provider’s stock worth $322,000 after acquiring an additional 57 shares during the period. Signaturefd LLC boosted its holdings in shares of Broadridge Financial Solutions by 3.8% in the fourth quarter. Signaturefd LLC now owns 1,596 shares of the business services provider’s stock valued at $328,000 after acquiring an additional 58 shares in the last quarter. Finally, Teamwork Financial Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 1.6% during the fourth quarter. Teamwork Financial Advisors LLC now owns 4,090 shares of the business services provider’s stock valued at $841,000 after acquiring an additional 63 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.8 %

NYSE BR opened at $198.85 on Monday. The firm’s 50 day moving average price is $200.27 and its two-hundred day moving average price is $195.29. The stock has a market cap of $23.42 billion, a price-to-earnings ratio of 34.64 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a twelve month low of $144.54 and a twelve month high of $210.24. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 8.7% on a year-over-year basis. Equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.75%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. DA Davidson restated a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James boosted their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Evercore ISI restated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.67.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the sale, the insider now directly owns 44,680 shares of the company’s stock, valued at approximately $8,891,320. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is owned by company insiders.

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.