ORG Partners LLC Acquires 1,268 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

ORG Partners LLC boosted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1,378.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,360 shares of the business services provider’s stock after buying an additional 1,268 shares during the period. ORG Partners LLC’s holdings in Broadridge Financial Solutions were worth $267,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC increased its position in Broadridge Financial Solutions by 12.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 2,613 shares of the business services provider’s stock valued at $515,000 after buying an additional 294 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Broadridge Financial Solutions by 22.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider’s stock valued at $7,191,000 after purchasing an additional 6,690 shares during the last quarter. LVW Advisors LLC boosted its stake in Broadridge Financial Solutions by 16.5% during the 2nd quarter. LVW Advisors LLC now owns 2,572 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 365 shares during the last quarter. Transform Wealth LLC boosted its stake in Broadridge Financial Solutions by 1.6% during the 2nd quarter. Transform Wealth LLC now owns 39,734 shares of the business services provider’s stock valued at $7,858,000 after purchasing an additional 636 shares during the last quarter. Finally, Occidental Asset Management LLC boosted its stake in Broadridge Financial Solutions by 5.3% during the 2nd quarter. Occidental Asset Management LLC now owns 17,191 shares of the business services provider’s stock valued at $3,387,000 after purchasing an additional 862 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Broadridge Financial Solutions from $213.00 to $224.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. DA Davidson reiterated a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. Royal Bank of Canada lifted their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $213.17.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at $4,473,779.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares of the company’s stock, valued at $1,194,480. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,646 shares of company stock valued at $1,334,230. Company insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded down $0.23 during midday trading on Wednesday, reaching $209.65. The company’s stock had a trading volume of 1,434,498 shares, compared to its average volume of 522,033. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $223.81. The firm has a 50 day moving average price of $204.14 and a 200-day moving average price of $201.38. The stock has a market capitalization of $24.78 billion, a P/E ratio of 35.60 and a beta of 1.04. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The firm had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.68%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio is 60.07%.

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.