Robert Schifellite Sells 49,181 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Robert Schifellite sold 49,181 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $89.47, for a total value of $4,400,224.07. Following the completion of the sale, the insider now directly owns 149,181 shares in the company, valued at $13,347,224.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Broadridge Financial Solutions, Inc. (BR) opened at $89.38 on Wednesday. The firm has a market capitalization of $10,434.95, a PE ratio of 26.89, a P/E/G ratio of 2.41 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. Broadridge Financial Solutions, Inc. has a 12 month low of $64.83 and a 12 month high of $91.75.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.12. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $923.68 million. Broadridge Financial Solutions had a return on equity of 40.17% and a net margin of 8.22%. Broadridge Financial Solutions’s revenue was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share. equities analysts predict that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, December 14th. Broadridge Financial Solutions’s payout ratio is 50.87%.

Hedge funds have recently made changes to their positions in the company. ETF Managers Group LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $144,000. Acrospire Investment Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the second quarter valued at about $108,000. Toronto Dominion Bank boosted its stake 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 in the last quarter. Global X Management Co. LLC boosted its stake 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 in the last quarter. Finally, Advisory Services Network LLC boosted its stake 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 in the last quarter. 83.55% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on BR shares. Barclays raised their price objective on Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Raymond James Financial reaffirmed a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. ValuEngine lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, DA Davidson reaffirmed a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $90.50.

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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.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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