Nicholson Wealth Management Group LLC Has $1.42 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Nicholson Wealth Management Group LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 47.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,291 shares of the business services provider’s stock after purchasing an additional 2,035 shares during the period. Nicholson Wealth Management Group LLC’s holdings in Broadridge Financial Solutions were worth $1,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BR. Creative Planning grew its position in shares of Broadridge Financial Solutions by 1.3% during the 3rd quarter. Creative Planning now owns 23,039 shares of the business services provider’s stock worth $4,954,000 after purchasing an additional 300 shares in the last quarter. Blue Trust Inc. grew its position in shares of Broadridge Financial Solutions by 110.7% during the 3rd quarter. Blue Trust Inc. now owns 1,747 shares of the business services provider’s stock worth $344,000 after purchasing an additional 918 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Broadridge Financial Solutions by 93.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 621 shares of the business services provider’s stock worth $134,000 after acquiring an additional 300 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Broadridge Financial Solutions by 15.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 1,476 shares of the business services provider’s stock worth $317,000 after acquiring an additional 200 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $387,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In other news, Director Brett Keller sold 5,442 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares of the company’s stock, valued at approximately $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Laura Matlin sold 514 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares of the company’s stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,666 shares of company stock valued at $5,050,766. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BR. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley increased their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $236.14 on Friday. The company has a market cap of $27.63 billion, a price-to-earnings ratio of 36.95 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a 50 day simple moving average of $232.75 and a 200 day simple moving average of $223.18. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period in the prior year, the business posted $0.92 earnings per share. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

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.