Broadridge Financial Solutions, Inc. (NYSE:BR) SVP Christopher John Perry sold 21,117 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $97.07, for a total transaction of $2,049,827.19. Following the transaction, the senior vice president now owns 44,145 shares of the company’s stock, valued at approximately $4,285,155.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Broadridge Financial Solutions, Inc. (NYSE:BR) opened at $98.78 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market cap of $11,510.00, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.45 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a 12 month low of $66.49 and a 12 month high of $99.22.
Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.21. Broadridge Financial Solutions had a net margin of 8.74% and a return on equity of 44.02%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 13.4% on a year-over-year basis. analysts expect that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Thursday, March 15th will be paid a $0.365 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.46 annualized dividend and a yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is presently 44.79%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BR. Toronto Dominion Bank boosted its stake in Broadridge Financial Solutions by 11.4% in the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 149 shares in the last quarter. Advisory Services Network LLC boosted its stake in Broadridge Financial Solutions by 82.8% in the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 706 shares in the last quarter. Captrust Financial Advisors acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at $133,000. Assetmark Inc. boosted its stake in Broadridge Financial Solutions by 397.5% in the fourth quarter. Assetmark Inc. now owns 1,582 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Wetherby Asset Management Inc. acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at $200,000. Institutional investors own 83.50% of the company’s stock.
BR has been the subject of a number of analyst reports. DA Davidson reiterated a “hold” rating and set a $86.00 target price on shares of Broadridge Financial Solutions in a research note on Thursday, November 9th. Barclays boosted 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. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Finally, Zacks Investment Research downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $98.75.
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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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