Crown Oak Advisors LLC Acquires 3,553 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Crown Oak Advisors LLC raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,376 shares of the business services provider’s stock after purchasing an additional 3,553 shares during the period. Broadridge Financial Solutions makes up approximately 4.2% of Crown Oak Advisors LLC’s holdings, making the stock its 11th biggest position. Crown Oak Advisors LLC’s holdings in Broadridge Financial Solutions were worth $8,224,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in Broadridge Financial Solutions by 5.1% in the 2nd quarter. American Century Companies Inc. now owns 24,232 shares of the business services provider’s stock valued at $4,774,000 after buying an additional 1,184 shares during the period. Sei Investments Co. increased its position in shares of Broadridge Financial Solutions by 22.7% during the 2nd quarter. Sei Investments Co. now owns 24,102 shares of the business services provider’s stock worth $4,749,000 after purchasing an additional 4,465 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Broadridge Financial Solutions by 12.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 662 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 71 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of Broadridge Financial Solutions by 79.8% in the second quarter. Public Sector Pension Investment Board now owns 4,640 shares of the business services provider’s stock valued at $914,000 after acquiring an additional 2,060 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Broadridge Financial Solutions by 8.1% in the second quarter. Bank of Montreal Can now owns 111,043 shares of the business services provider’s stock worth $22,432,000 after purchasing an additional 8,360 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 0.8 %

BR opened at $236.77 on Friday. The firm’s fifty day moving average is $229.95 and its two-hundred day moving average is $218.71. The firm has a market cap of $27.68 billion, a PE ratio of 40.96 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the transaction, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,532 shares of company stock worth $12,264,846. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BR. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. DA Davidson reaffirmed a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $226.71.

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.