2,975 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Purchased by PFG Investments LLC

PFG Investments LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,975 shares of the business services provider’s stock, valued at approximately $609,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Broadridge Financial Solutions by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after acquiring an additional 110,886 shares during the period. Jensen Investment Management Inc. grew its holdings in Broadridge Financial Solutions by 2.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 1,825,339 shares of the business services provider’s stock valued at $326,827,000 after buying an additional 43,235 shares in the last quarter. Stifel Financial Corp grew its holdings in Broadridge Financial Solutions by 1,700.7% during the 3rd quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock valued at $276,194,000 after buying an additional 1,456,847 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Broadridge Financial Solutions by 28.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,452,720 shares of the business services provider’s stock valued at $286,360,000 after buying an additional 323,051 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Broadridge Financial Solutions by 5.6% during the 3rd quarter. Northern Trust Corp now owns 1,322,979 shares of the business services provider’s stock valued at $236,879,000 after buying an additional 70,258 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares in the company, valued at $6,648,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the sale, the insider now owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock worth $9,745,637 over the last quarter. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BR shares. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Evercore ISI reiterated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Raymond James increased their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions Trading Up 1.1 %

BR traded up $2.14 during trading on Monday, reaching $196.29. The company had a trading volume of 315,243 shares, compared to its average volume of 498,412. The stock has a market cap of $23.12 billion, a P/E ratio of 34.20 and a beta of 0.99. The business has a 50 day simple moving average of $200.51 and a 200-day simple moving average of $194.83. Broadridge Financial Solutions, Inc. has a 52 week low of $143.95 and a 52 week high of $210.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Broadridge Financial Solutions had a return on equity of 41.12% and a net margin of 10.82%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.91 earnings per share. Broadridge Financial Solutions’s revenue was up 8.7% on a year-over-year basis. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a yield of 1.63%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.75%.

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.