Trueblood Wealth Management LLC Purchases 88 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Trueblood Wealth Management LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,844 shares of the business services provider’s stock after acquiring an additional 88 shares during the quarter. Broadridge Financial Solutions makes up approximately 0.8% of Trueblood Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Trueblood Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BR. American Century Companies Inc. lifted its stake in shares of Broadridge Financial Solutions by 5.1% during the 2nd quarter. American Century Companies Inc. now owns 24,232 shares of the business services provider’s stock worth $4,774,000 after purchasing an additional 1,184 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Broadridge Financial Solutions by 8.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,031 shares of the business services provider’s stock worth $400,000 after purchasing an additional 157 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Broadridge Financial Solutions by 33.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,929 shares of the business services provider’s stock worth $1,759,000 after purchasing an additional 2,219 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Broadridge Financial Solutions by 120.6% during the 2nd quarter. Intech Investment Management LLC now owns 26,932 shares of the business services provider’s stock worth $5,306,000 after purchasing an additional 14,721 shares during the last quarter. Finally, Brighton Jones LLC lifted its stake in shares of Broadridge Financial Solutions by 2.5% during the 2nd quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock worth $428,000 after purchasing an additional 52 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Down 0.3 %

Shares of NYSE:BR opened at $230.35 on Monday. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $237.96. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 39.85 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The business has a 50-day moving average price of $229.43 and a 200-day moving average price of $218.03.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business posted $1.09 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.90%.

Insider Buying and Selling

In related news, VP Thomas P. Carey sold 15,710 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock valued at $12,264,846 over the last ninety days. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BR shares. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. UBS Group started coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target for the company. DA Davidson increased their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus price target of $226.71.

About Broadridge Financial Solutions

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.