LVW Advisors LLC Acquires 252 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

LVW Advisors LLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,971 shares of the business services provider’s stock after buying an additional 252 shares during the period. LVW Advisors LLC’s holdings in Broadridge Financial Solutions were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. HB Wealth Management LLC increased its holdings in shares of Broadridge Financial Solutions by 35.3% during the fourth quarter. HB Wealth Management LLC now owns 2,957 shares of the business services provider’s stock worth $669,000 after buying an additional 771 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Broadridge Financial Solutions by 33.2% during the fourth quarter. Merit Financial Group LLC now owns 7,863 shares of the business services provider’s stock worth $1,778,000 after buying an additional 1,959 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $1,675,000. Occidental Asset Management LLC increased its holdings in shares of Broadridge Financial Solutions by 6.8% during the fourth quarter. Occidental Asset Management LLC now owns 19,276 shares of the business services provider’s stock worth $4,358,000 after buying an additional 1,223 shares in the last quarter. Finally, Burney Co. increased its holdings in shares of Broadridge Financial Solutions by 1.5% during the fourth quarter. Burney Co. now owns 20,243 shares of the business services provider’s stock worth $4,577,000 after buying an additional 294 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on BR shares. UBS Group started coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective for the company. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson raised their price target on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $226.71.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 15,710 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,532 shares of company stock valued at $12,264,846. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR opened at $230.35 on Monday. The company has a fifty day moving average price of $229.43 and a two-hundred day moving average price of $218.03. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $237.96. The firm has a market capitalization of $26.93 billion, a PE ratio of 39.85 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $1.09 EPS. The business’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

Broadridge Financial Solutions Company 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.