Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Holdings Lowered by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,025 shares of the business services provider’s stock after selling 415 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Broadridge Financial Solutions were worth $417,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. OFI Invest Asset Management acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $25,000. Headinvest LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $32,000. First Command Advisory Services Inc. acquired a new stake in Broadridge Financial Solutions during the third quarter valued at approximately $34,000. Truvestments Capital LLC bought a new stake in shares of Broadridge Financial Solutions during the third quarter worth $37,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $37,000. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of several analyst reports. Raymond James raised their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Evercore ISI reissued an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Royal Bank of Canada increased their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $206.67.

Broadridge Financial Solutions Stock Up 0.9 %

Shares of BR stock opened at $195.91 on Wednesday. The firm has a market capitalization of $23.07 billion, a PE ratio of 34.13 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a fifty-two week low of $139.52 and a fifty-two week high of $210.24. The stock’s 50-day simple moving average is $200.70 and its 200-day simple moving average is $194.45. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the firm posted $0.91 EPS. The business’s revenue was up 8.7% on a year-over-year basis. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Insiders Place Their Bets

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the transaction, the insider now directly owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Douglas Richard Deschutter sold 12,200 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were 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 directly owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert N. Duelks sold 830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. 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 ninety days. Corporate insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.