Strengthening Families & Communities LLC Sells 307 Shares of Broadridge Financial Solutions, Inc. $BR

Strengthening Families & Communities LLC decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,846 shares of the business services provider’s stock after selling 307 shares during the quarter. Broadridge Financial Solutions comprises approximately 1.7% of Strengthening Families & Communities LLC’s investment portfolio, making the stock its 17th biggest holding. Strengthening Families & Communities LLC’s holdings in Broadridge Financial Solutions were worth $3,122,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages have weighed in on BR. Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 6th. Needham & Company LLC lifted their price target on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. UBS Group lifted their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $261.50.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $232.81 on Friday. The company’s fifty day simple moving average is $250.05 and its 200-day simple moving average is $242.53. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a market cap of $27.17 billion, a PE ratio of 32.84 and a beta of 0.95. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. The business had revenue of $1.05 billion for the quarter. Broadridge Financial Solutions had a net margin of 12.19% and a return on equity of 42.72%. 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 company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a dividend of $0.975 per share. The ex-dividend date was Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. Broadridge Financial Solutions’s dividend payout ratio is presently 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.