Promus Capital LLC Takes Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Promus Capital LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 4th quarter, Holdings Channel.com reports. The firm purchased 229 shares of the business services provider’s stock, valued at approximately $52,000.

Several other large investors also recently bought and sold shares of the business. True Wealth Design LLC grew its stake in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares in the last quarter. Fortitude Family Office LLC raised its position in shares of Broadridge Financial Solutions by 246.7% during the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after buying an additional 111 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at about $39,000. Global X Japan Co. Ltd. purchased a new position in Broadridge Financial Solutions in the fourth quarter worth about $41,000. Finally, Truvestments Capital LLC bought a new stake in Broadridge Financial Solutions during the third quarter worth approximately $45,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 1.9 %

Shares of BR opened at $237.79 on Friday. The firm has a market capitalization of $27.83 billion, a price-to-earnings ratio of 37.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58. The company has a 50-day moving average of $234.85 and a 200 day moving average of $224.98.

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

Broadridge Financial Solutions Announces Dividend

The company also recently announced 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 dividend yield of 1.48%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is 55.09%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, February 27th. UBS Group boosted their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. DA Davidson reissued a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted 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 note on Monday, February 3rd. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $239.17.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 514 shares of the company’s stock in a transaction 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 directly owns 6,602 shares in the company, valued at $1,595,043.20. This represents a 7.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now owns 4,960 shares in the company, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,441 shares of company stock valued at $1,547,835. 1.30% of the stock is currently owned by corporate insiders.

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.