Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Truist Financial Corp

Truist Financial Corp decreased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,368 shares of the business services provider’s stock after selling 3,649 shares during the quarter. Truist Financial Corp owned 0.06% of Broadridge Financial Solutions worth $14,067,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BR. Procyon Advisors LLC raised its position in Broadridge Financial Solutions by 2.3% in the 4th 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 in the last quarter. Optas LLC raised its holdings in Broadridge Financial Solutions by 3.8% in the fourth quarter. Optas LLC now owns 1,565 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 57 shares in the last quarter. Signaturefd LLC lifted its stake in Broadridge Financial Solutions by 3.8% in the fourth quarter. Signaturefd LLC now owns 1,596 shares of the business services provider’s stock worth $328,000 after acquiring an additional 58 shares during the last quarter. Teamwork Financial Advisors LLC grew its holdings in Broadridge Financial Solutions by 1.6% during the 4th quarter. Teamwork Financial Advisors LLC now owns 4,090 shares of the business services provider’s stock worth $841,000 after acquiring an additional 63 shares in the last quarter. Finally, Tributary Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 1.6% in the 4th quarter. Tributary Capital Management LLC now owns 4,372 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 68 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 research note on Friday, February 2nd. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Finally, Evercore ISI restated an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions Stock Up 0.0 %

BR stock opened at $193.43 on Thursday. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 33.70 and a beta of 0.99. The company has a fifty day moving average price of $200.48 and a 200 day moving average price of $194.94. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. Broadridge Financial Solutions, Inc. has a 12 month low of $143.95 and a 12 month high of $210.24.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 1.65%. Broadridge Financial Solutions’s payout ratio is 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 22,722 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the sale, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now directly owns 44,680 shares in the company, valued at $8,891,320. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is currently owned by insiders.

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.