Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Lantz Financial LLC

Lantz Financial LLC cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,658 shares of the business services provider’s stock after selling 460 shares during the quarter. Lantz Financial LLC’s holdings in Broadridge Financial Solutions were worth $2,342,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BR. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $580,000. Blue Trust Inc. boosted its position in Broadridge Financial Solutions by 25.2% during the fourth quarter. Blue Trust Inc. now owns 2,188 shares of the business services provider’s stock worth $471,000 after acquiring an additional 441 shares during the last quarter. Foundations Investment Advisors LLC boosted its position 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 acquiring an additional 52 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Broadridge Financial Solutions by 222.1% during the fourth quarter. Hantz Financial Services Inc. now owns 15,472 shares of the business services provider’s stock worth $3,498,000 after acquiring an additional 10,668 shares during the last quarter. Finally, Strategic Blueprint LLC boosted its position in Broadridge Financial Solutions by 6.9% during the fourth quarter. Strategic Blueprint LLC now owns 1,310 shares of the business services provider’s stock worth $296,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Finally, Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $250.83.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the sale, the chief executive officer now owns 169,788 shares of the company’s stock, valued at $39,973,188.84. The trade was a 36.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Christopher John Perry sold 22,357 shares of Broadridge Financial Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the sale, the president now directly owns 52,524 shares in the company, valued at $12,355,220.52. This trade represents a 29.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,873 shares of company stock valued at $31,337,863 in the last quarter. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $242.61 on Friday. The company’s fifty day simple moving average is $235.89 and its 200-day simple moving average is $234.11. Broadridge Financial Solutions, Inc. has a 52 week low of $192.68 and a 52 week 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 company has a market cap of $28.50 billion, a PE ratio of 37.97 and a beta of 0.98.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.86 billion. During the same quarter last year, the firm posted $2.23 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

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