New Age Alpha Advisors LLC Has $9.64 Million Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

New Age Alpha Advisors LLC boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 55,264.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,631 shares of the business services provider’s stock after buying an additional 42,554 shares during the period. New Age Alpha Advisors LLC’s holdings in Broadridge Financial Solutions were worth $9,638,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BR. Thrivent Financial for Lutherans raised its stake in Broadridge Financial Solutions by 24.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,204 shares of the business services provider’s stock valued at $1,335,000 after purchasing an additional 1,219 shares during the last quarter. Great Valley Advisor Group Inc. bought a new stake in shares of Broadridge Financial Solutions in the third quarter valued at about $204,000. Cerity Partners LLC lifted its stake in shares of Broadridge Financial Solutions by 58.1% in the third quarter. Cerity Partners LLC now owns 21,914 shares of the business services provider’s stock valued at $4,713,000 after buying an additional 8,051 shares during the period. Algert Global LLC acquired a new stake in Broadridge Financial Solutions during the third quarter worth about $542,000. Finally, Swedbank AB increased its stake in Broadridge Financial Solutions by 2.9% during the third quarter. Swedbank AB now owns 25,135 shares of the business services provider’s stock valued at $5,405,000 after acquiring an additional 715 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Timothy C. Gokey sold 95,956 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the sale, the chief executive officer now directly owns 169,788 shares of the company’s stock, valued at $39,973,188.84. This represents a 36.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Laura Matlin sold 514 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada boosted their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, 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. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $241.00.

Broadridge Financial Solutions Trading Up 0.4 %

Shares of Broadridge Financial Solutions stock opened at $239.12 on Friday. The stock has a market capitalization of $27.98 billion, a P/E ratio of 37.42 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $246.58. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a 50-day simple moving average of $236.82 and a 200 day simple moving average of $227.38.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company earned $0.92 earnings per share. Research analysts expect 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 announced 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is presently 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.