Crew Capital Management Ltd. Sells 2,092 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Crew Capital Management Ltd. trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,972 shares of the business services provider’s stock after selling 2,092 shares during the period. Crew Capital Management Ltd.’s holdings in Broadridge Financial Solutions were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Chicago Partners Investment Group LLC acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth about $216,000. Harbor Capital Advisors Inc. increased its position in shares of Broadridge Financial Solutions by 56.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,386 shares of the business services provider’s stock worth $2,018,000 after purchasing an additional 3,391 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Broadridge Financial Solutions by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 20,967 shares of the business services provider’s stock worth $4,536,000 after purchasing an additional 2,079 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Broadridge Financial Solutions by 14.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 52,361 shares of the business services provider’s stock worth $11,259,000 after purchasing an additional 6,608 shares in the last quarter. Finally, QRG Capital Management Inc. increased its position in shares of Broadridge Financial Solutions by 7.3% during the 3rd quarter. QRG Capital Management Inc. now owns 7,293 shares of the business services provider’s stock worth $1,568,000 after purchasing an additional 498 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company’s stock, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the transaction, the director now directly owns 4,960 shares in the company, valued at $1,180,132.80. The trade was a 8.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,441 shares of company stock valued at $1,547,835. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BR has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. DA Davidson reiterated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $239.17.

Broadridge Financial Solutions Trading Down 1.0 %

BR opened at $242.29 on Wednesday. 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 stock has a market capitalization of $28.35 billion, a PE ratio of 37.92 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. The firm has a 50-day moving average price of $234.25 and a two-hundred day moving average price of $224.62.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period last year, the firm posted $0.92 EPS. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

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.