Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) President Sells $34,020.00 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry sold 162 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now directly owns 67,267 shares in the company, valued at $14,126,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Christopher John Perry also recently made the following trade(s):

• On Wednesday, August 21st, Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $210.22, for a total transaction of $1,366,640.22.
• On Friday, August 16th, Christopher John Perry sold 300 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.00, for a total transaction of $63,000.00.
• On Wednesday, August 14th, Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43.

Broadridge Financial Solutions Trading Up 0.7 %

Shares of BR stock opened at $210.99 on Thursday. Broadridge Financial Solutions, Inc. has a 12 month low of $166.73 and a 12 month high of $223.81. The company has a market cap of $24.93 billion, a PE ratio of 36.03 and a beta of 1.04. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $205.32 and its two-hundred day moving average is $201.53.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be paid a dividend of $0.88 per share. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, September 12th. This represents a $3.52 annualized dividend and a yield of 1.67%. Broadridge Financial Solutions’s dividend payout ratio is presently 60.07%.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LifeSteps Financial Inc. bought a new stake in shares of Broadridge Financial Solutions in the first quarter valued at approximately $32,000. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions in the 2nd quarter valued at $32,000. Rothschild Investment LLC acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth $32,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $34,000. Finally, Manchester Capital Management LLC raised its position in shares of Broadridge Financial Solutions by 57.1% during the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock valued at $34,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reaffirmed 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 raised their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $213.33.

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.