Motley Fool Asset Management LLC Purchases 576 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Motley Fool Asset Management LLC lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,513 shares of the business services provider’s stock after purchasing an additional 576 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $9,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BR. IHT Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at about $288,000. Integrated Wealth Concepts LLC grew its stake in shares of Broadridge Financial Solutions by 10.5% during the third quarter. Integrated Wealth Concepts LLC now owns 24,950 shares of the business services provider’s stock valued at $5,365,000 after buying an additional 2,381 shares during the last quarter. Hilltop Holdings Inc. grew its stake in shares of Broadridge Financial Solutions by 15.0% during the third quarter. Hilltop Holdings Inc. now owns 4,420 shares of the business services provider’s stock valued at $950,000 after buying an additional 576 shares during the last quarter. Centiva Capital LP bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at about $1,564,000. Finally, Benjamin Edwards Inc. grew its stake in shares of Broadridge Financial Solutions by 2,302.8% during the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock valued at $31,618,000 after buying an additional 140,886 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.9 %

NYSE:BR opened at $232.09 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.74. The company has a market cap of $27.13 billion, a PE ratio of 40.15 and a beta of 1.07. The company has a 50 day simple moving average of $220.54 and a two-hundred day simple moving average of $210.81.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly 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. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, UBS Group assumed coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 target price for the company. Five 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.com, the company has an average rating of “Hold” and an average target price of $222.43.

Insiders Place Their Bets

In related news, Chairman Richard J. Daly sold 21,938 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the transaction, the chairman now directly owns 105,094 shares in the company, valued at approximately $21,823,820.04. This represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Christopher John Perry sold 17,534 shares of the company’s stock in a transaction dated 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 owns 50,237 shares in the company, valued at $10,721,078.17. The trade was a 25.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,294 shares of company stock worth $16,944,095 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

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.