EverSource Wealth Advisors LLC Has $163,000 Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

EverSource Wealth Advisors LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 722 shares of the business services provider’s stock after acquiring an additional 64 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Broadridge Financial Solutions were worth $163,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $238,000. HighTower Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 1.6% during the fourth quarter. HighTower Advisors LLC now owns 121,742 shares of the business services provider’s stock worth $27,525,000 after buying an additional 1,881 shares during the last quarter. AGF Management Ltd. acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $2,513,000. Avantax Planning Partners Inc. lifted its stake in shares of Broadridge Financial Solutions by 20.9% in the 4th quarter. Avantax Planning Partners Inc. now owns 1,155 shares of the business services provider’s stock valued at $261,000 after acquiring an additional 200 shares during the last quarter. Finally, Cushing Capital Partners LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at $1,001,000. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In related news, CEO Timothy C. Gokey sold 95,956 shares of the business’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. The trade was a 36.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert N. Duelks sold 485 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 approximately $1,180,132.80. The trade was a 8.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,754 shares of company stock worth $29,397,793 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. 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 report on Monday, February 3rd. Finally, Morgan Stanley increased their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $239.17.

Broadridge Financial Solutions Trading Up 1.6 %

BR opened at $231.21 on Tuesday. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $246.58. The company has a fifty day moving average of $235.52 and a 200-day moving average of $226.24. The stock has a market cap of $27.06 billion, a PE ratio of 36.18 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the company posted $0.92 earnings per share. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.09%.

About Broadridge Financial Solutions

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.