Keeler Thomas Management LLC Purchases Shares of 5,014 Broadridge Financial Solutions, Inc. $BR

Keeler Thomas Management LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,014 shares of the business services provider’s stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of BR. Jones Financial Companies Lllp lifted its holdings in Broadridge Financial Solutions by 28,222.6% in the 1st quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider’s stock valued at $230,254,000 after acquiring an additional 946,304 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Broadridge Financial Solutions by 577.9% in the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider’s stock valued at $251,513,000 after acquiring an additional 883,125 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Broadridge Financial Solutions by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 14,733,147 shares of the business services provider’s stock valued at $3,572,199,000 after acquiring an additional 438,381 shares during the last quarter. Nuveen LLC acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $91,445,000. Finally, Principal Financial Group Inc. lifted its holdings in Broadridge Financial Solutions by 156.8% in the 1st quarter. Principal Financial Group Inc. now owns 404,830 shares of the business services provider’s stock valued at $98,155,000 after acquiring an additional 247,157 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 7,036 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock worth $38,417,208 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BR has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Needham & Company LLC boosted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Wednesday, October 8th. Finally, Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $261.50.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $232.36 on Friday. The company has a market capitalization of $27.12 billion, a price-to-earnings ratio of 32.77 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $243.96 and its 200-day moving average is $242.29.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. The company had revenue of $1.05 billion for the quarter. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.975 dividend. The ex-dividend date was Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio is currently 55.01%.

Broadridge Financial Solutions Company 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.