Christopher John Perry Sells 21,117 Shares of Broadridge Financial Solutions, Inc. (BR) Stock

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.

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

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