BR has been the topic of several other research reports. BidaskClub upgraded shares of Broadridge Financial Solutions from a sell rating to a hold rating in a research note on Tuesday, August 22nd. ValuEngine upgraded shares of Broadridge Financial Solutions from a hold rating to a buy rating in a research note on Tuesday, November 14th. Barclays upped their target price on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an equal weight rating in a research note on Thursday, November 9th. Finally, DA Davidson reiterated a hold rating and issued a $86.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of Hold and a consensus target price of $85.50.
Shares of Broadridge Financial Solutions (NYSE:BR) opened at $88.65 on Monday. Broadridge Financial Solutions has a 52 week low of $64.17 and a 52 week high of $91.75. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market cap of $10,350.00, a PE ratio of 27.08, a P/E/G ratio of 2.43 and a beta of 0.99.
Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.12. The firm had revenue of $925.00 million for the quarter, compared to the consensus estimate of $923.68 million. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share. analysts expect that Broadridge Financial Solutions will post 3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is presently 51.05%.
In other news, insider Richard J. Daly sold 94,039 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total transaction of $7,706,496.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BR. Acrospire Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions during the second quarter valued at approximately $108,000. Toronto Dominion Bank raised its holdings in shares of Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 149 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Broadridge Financial Solutions by 8.5% during the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 120 shares during the last quarter. Advisory Services Network LLC raised its holdings in shares of Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after purchasing an additional 706 shares during the last quarter. Finally, Commonwealth Bank of Australia raised its holdings in shares of Broadridge Financial Solutions by 60.0% during the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 600 shares during the last quarter. 83.54% of the stock is owned by hedge funds and other institutional investors.
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About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.
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