Foundations Investment Advisors LLC Acquires 200 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Foundations Investment Advisors LLC increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 15.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,476 shares of the business services provider’s stock after purchasing an additional 200 shares during the period. Foundations Investment Advisors LLC’s holdings in Broadridge Financial Solutions were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. EdgeRock Capital LLC bought a new position in shares of Broadridge Financial Solutions in the second quarter worth $32,000. Rothschild Investment LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter worth about $32,000. New Covenant Trust Company N.A. purchased a new position in Broadridge Financial Solutions during the 1st quarter valued at about $34,000. Family Firm Inc. bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $37,000. Finally, Anfield Capital Management LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $39,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

BR stock opened at $214.03 on Friday. The firm has a 50 day simple moving average of $213.32 and a two-hundred day simple moving average of $205.64. The stock has a market cap of $25.29 billion, a PE ratio of 36.52 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a one year low of $166.73 and a one year high of $224.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.07%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Laura Matlin sold 673 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the sale, the vice president now owns 5,530 shares of the company’s stock, valued at approximately $1,194,480. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 17,534 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the sale, the president now owns 50,237 shares of the company’s stock, valued at $10,721,078.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,386 shares of company stock worth $28,112,824 in the last quarter. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on BR. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $213.33.

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.