Hilltop Holdings Inc. Buys 576 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Hilltop Holdings Inc. raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 15.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,420 shares of the business services provider’s stock after acquiring an additional 576 shares during the quarter. Hilltop Holdings Inc.’s holdings in Broadridge Financial Solutions were worth $950,000 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. Bogart Wealth LLC boosted its position in Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. EdgeRock Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $32,000. True Wealth Design LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $37,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $232.86 on Thursday. The stock has a 50-day simple moving average of $220.97 and a two-hundred day simple moving average of $211.02. The firm has a market capitalization of $27.22 billion, a P/E ratio of 40.29 and a beta of 1.07. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $237.74. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Insider Activity

In other news, Director Maura A. Markus sold 3,880 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the sale, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas P. Carey sold 15,710 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 94,004 shares of company stock worth $20,562,422 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, UBS Group began coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $222.43.

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.