Benjamin Edwards Inc. Acquires 487 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Benjamin Edwards Inc. increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,558 shares of the business services provider’s stock after buying an additional 487 shares during the period. Broadridge Financial Solutions accounts for 1.4% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 14th biggest position. Benjamin Edwards Inc.’s holdings in Broadridge Financial Solutions were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BR. Albion Financial Group UT boosted its holdings in Broadridge Financial Solutions by 4.4% in the 4th quarter. Albion Financial Group UT now owns 2,033 shares of the business services provider’s stock valued at $251,000 after purchasing an additional 85 shares during the period. LS Investment Advisors LLC boosted its holdings in Broadridge Financial Solutions by 2.0% in the 3rd quarter. LS Investment Advisors LLC now owns 4,563 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 90 shares during the period. Appleton Partners Inc. MA boosted its holdings in Broadridge Financial Solutions by 3.3% in the 3rd quarter. Appleton Partners Inc. MA now owns 2,974 shares of the business services provider’s stock valued at $370,000 after purchasing an additional 95 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Broadridge Financial Solutions by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 20,892 shares of the business services provider’s stock valued at $2,600,000 after purchasing an additional 107 shares during the period. Finally, Lantz Financial LLC boosted its holdings in Broadridge Financial Solutions by 1.0% in the 4th quarter. Lantz Financial LLC now owns 12,182 shares of the business services provider’s stock valued at $1,505,000 after purchasing an additional 116 shares during the period. 86.91% of the stock is owned by institutional investors.

Several brokerages have commented on BR. Zacks Investment Research raised shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating and set a $128.00 price target for the company in a report on Tuesday, December 17th. DA Davidson raised shares of Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $134.00 to $138.00 in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $135.75.

In related news, SVP Robert Schifellite sold 20,000 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $121.79, for a total value of $2,435,800.00. Following the transaction, the senior vice president now owns 66,303 shares in the company, valued at approximately $8,075,042.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas J. Perna sold 7,680 shares of Broadridge Financial Solutions stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $121.57, for a total transaction of $933,657.60. Following the completion of the transaction, the director now owns 36,127 shares in the company, valued at approximately $4,391,959.39. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,574 shares of company stock worth $8,325,780. Corporate insiders own 2.20% of the company’s stock.

Broadridge Financial Solutions stock opened at $122.28 on Friday. The firm’s fifty day moving average price is $125.16 and its 200-day moving average price is $124.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $14.05 billion, a P/E ratio of 34.25 and a beta of 0.70. Broadridge Financial Solutions, Inc. has a fifty-two week low of $97.37 and a fifty-two week high of $136.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.23). The company had revenue of $969.00 million for the quarter, compared to analysts’ expectations of $998.02 million. Broadridge Financial Solutions had a net margin of 9.68% and a return on equity of 45.83%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.56 EPS. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 5.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 13th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, March 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 46.35%.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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