Leavell Investment Management Inc. Sells 249 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Leavell Investment Management Inc. decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,271 shares of the business services provider’s stock after selling 249 shares during the period. Leavell Investment Management Inc.’s holdings in Broadridge Financial Solutions were worth $2,104,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qsemble Capital Management LP bought a new position in Broadridge Financial Solutions during the third quarter valued at about $1,412,000. Atria Investments Inc raised its stake in shares of Broadridge Financial Solutions by 9.7% in the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock valued at $6,373,000 after acquiring an additional 2,610 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $483,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Broadridge Financial Solutions by 53.5% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock worth $2,434,000 after purchasing an additional 3,753 shares during the period. Finally, Miracle Mile Advisors LLC grew its holdings in Broadridge Financial Solutions by 98.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 1,204 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BR. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. UBS Group upped their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions Stock Up 0.4 %

BR stock opened at $242.53 on Thursday. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $243.00. The company has a quick ratio of 1.39, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market cap of $28.38 billion, a PE ratio of 37.95 and a beta of 1.08. The business’s 50-day simple moving average is $232.26 and its 200 day simple moving average is $222.18.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping 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 last year, the firm posted $0.92 EPS. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Insider Activity

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Brett Keller sold 5,442 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company’s stock, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,666 shares of company stock worth $5,050,766. 1.30% of the stock is currently owned by corporate insiders.

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.