Leslie A. Brun Sells 7,058 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Leslie A. Brun sold 7,058 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $95.24, for a total transaction of $672,203.92. Following the transaction, the director now directly owns 37,846 shares of the company’s stock, valued at approximately $3,604,453.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Broadridge Financial Solutions, Inc. (NYSE BR) opened at $98.78 on Friday. The company has a market cap of $11,523.08, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.45 and a beta of 1.01. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.14. Broadridge Financial Solutions, Inc. has a 52-week low of $66.49 and a 52-week high of $99.22.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.21. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $945.80 million. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The firm’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. equities analysts expect that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be given a dividend of $0.365 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is presently 46.50%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in Broadridge Financial Solutions by 6.3% during the fourth quarter. BlackRock Inc. now owns 13,884,096 shares of the business services provider’s stock valued at $1,257,619,000 after buying an additional 818,115 shares during the period. Atlanta Capital Management Co. L L C grew its position in shares of Broadridge Financial Solutions by 2.4% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 2,594,845 shares of the business services provider’s stock valued at $235,041,000 after purchasing an additional 61,117 shares during the period. Principal Financial Group Inc. grew its position in shares of Broadridge Financial Solutions by 3.8% in the third quarter. Principal Financial Group Inc. now owns 1,461,535 shares of the business services provider’s stock valued at $118,123,000 after purchasing an additional 53,439 shares during the period. Deutsche Bank AG grew its position in shares of Broadridge Financial Solutions by 38.1% in the fourth quarter. Deutsche Bank AG now owns 1,379,752 shares of the business services provider’s stock valued at $124,975,000 after purchasing an additional 380,595 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 1,181,398 shares of the business services provider’s stock valued at $106,961,000 after purchasing an additional 49,353 shares during the period. Institutional investors own 83.50% of the company’s stock.

BR has been the subject of several recent research reports. Barclays raised their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday, December 4th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, DA Davidson restated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Broadridge Financial Solutions presently has a consensus rating of “Hold” and an average price target of $98.75.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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