Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) VP Sells 514 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin sold 514 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the sale, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Broadridge Financial Solutions Stock Up 0.1 %

Shares of NYSE:BR traded up $0.18 during mid-day trading on Wednesday, reaching $240.77. 148,528 shares of the stock were exchanged, compared to its average volume of 482,691. The company has a market cap of $28.14 billion, a P/E ratio of 37.70 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $242.39. The stock’s 50 day simple moving average is $231.46 and its 200-day simple moving average is $220.84. The company has a quick ratio of 1.39, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Wall Street Analysts Forecast Growth

BR has been the subject of several recent analyst reports. Morgan Stanley raised their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus price target of $239.17.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth about $44,746,000. Assenagon Asset Management S.A. raised its position in shares of Broadridge Financial Solutions by 3,197.8% during the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock worth $43,945,000 after purchasing an additional 198,169 shares during the period. Benjamin Edwards Inc. grew its holdings 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. International Assets Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions during the third quarter valued at approximately $274,650,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth $25,773,000. Institutional investors own 90.03% of the company’s stock.

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.