Christopher John Perry Sells 22,357 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry sold 22,357 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the sale, the president now directly owns 52,524 shares of the company’s stock, valued at $12,355,220.52. The trade was a 29.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Broadridge Financial Solutions Stock Down 1.4 %

BR stock traded down $3.39 during midday trading on Monday, reaching $237.53. 262,028 shares of the company were exchanged, compared to its average volume of 467,435. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The stock’s 50-day simple moving average is $235.35 and its 200 day simple moving average is $225.50. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 37.17 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the company earned $0.92 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.09%.

Wall Street Analyst Weigh In

BR has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada boosted their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $239.17.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Adero Partners LLC grew its position in Broadridge Financial Solutions by 2.5% during the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider’s stock worth $415,000 after buying an additional 45 shares during the period. Sunburst Financial Group LLC boosted its holdings in shares of Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider’s stock worth $229,000 after purchasing an additional 46 shares during the last quarter. Nicolet Advisory Services LLC boosted its stake in Broadridge Financial Solutions by 4.8% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock worth $224,000 after buying an additional 46 shares during the last quarter. Avestar Capital LLC grew its holdings in Broadridge Financial Solutions by 4.0% in the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 48 shares during the period. Finally, Advisors Capital Management LLC increased its holdings in shares of Broadridge Financial Solutions by 3.5% during the 4th quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider’s stock worth $326,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 90.03% 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.