Captrust Financial Advisors Has $5.41 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Captrust Financial Advisors lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,934 shares of the business services provider’s stock after selling 11,078 shares during the period. Captrust Financial Advisors’ holdings in Broadridge Financial Solutions were worth $5,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its position in shares of Broadridge Financial Solutions by 4.3% in the third quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider’s stock valued at $33,898,000 after purchasing an additional 6,552 shares during the period. CWA Asset Management Group LLC grew its stake in Broadridge Financial Solutions by 6.0% in the 4th quarter. CWA Asset Management Group LLC now owns 1,283 shares of the business services provider’s stock valued at $290,000 after buying an additional 73 shares during the last quarter. Fulton Bank N.A. raised its holdings in Broadridge Financial Solutions by 4.6% in the 4th quarter. Fulton Bank N.A. now owns 3,346 shares of the business services provider’s stock worth $756,000 after acquiring an additional 147 shares during the period. Fortitude Family Office LLC lifted its position in Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after acquiring an additional 111 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Broadridge Financial Solutions by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,626 shares of the business services provider’s stock valued at $4,220,000 after acquiring an additional 233 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Up 0.4 %

Shares of BR stock opened at $236.92 on Friday. The stock has a market cap of $27.83 billion, a P/E ratio of 37.08 and a beta of 0.98. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a fifty day moving average price of $233.94 and a 200 day moving average price of $231.78. Broadridge Financial Solutions, Inc. has a one year low of $192.68 and a one year high of $247.01.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BR shares. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson reiterated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, UBS Group raised 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 report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $250.83.

Insider Activity

In other news, Director Robert N. Duelks sold 485 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now owns 4,960 shares of the company’s stock, valued at approximately $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 completion of the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 119,866 shares of company stock worth $28,216,569. Company insiders own 1.30% of the company’s stock.

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.