Level Four Advisory Services LLC Has $5.53 Million Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Level Four Advisory Services LLC boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,470 shares of the business services provider’s stock after buying an additional 231 shares during the quarter. Level Four Advisory Services LLC’s holdings in Broadridge Financial Solutions were worth $5,533,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Thrivent Financial for Lutherans boosted its position in Broadridge Financial Solutions by 24.5% during the third 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. acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $204,000. Cerity Partners LLC grew 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 in the last quarter. Algert Global LLC bought a new stake in Broadridge Financial Solutions during the third quarter worth $542,000. Finally, Bank of Montreal Can lifted its stake in Broadridge Financial Solutions by 25.9% in the third quarter. Bank of Montreal Can now owns 139,763 shares of the business services provider’s stock valued at $29,634,000 after acquiring an additional 28,720 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other Broadridge Financial Solutions news, President Christopher John Perry sold 22,357 shares of the company’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the completion of the sale, the president now directly owns 52,524 shares in the company, valued at $12,355,220.52. This represents a 29.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. The trade was a 36.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Down 0.5 %

BR stock opened at $237.60 on Friday. The business’s fifty day moving average price is $236.97 and its two-hundred day moving average price is $227.56. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 37.18 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $246.58. 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 (NYSE:BR) last issued 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 net margin of 11.36% and a return on equity of 44.40%. During the same period in the previous year, the business posted $0.92 earnings per share. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.09%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BR shares. DA Davidson restated a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. UBS Group raised their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Finally, 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 report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $241.00.

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.