Tilia Fiduciary Partners Inc. Increases Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Tilia Fiduciary Partners Inc. increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,902 shares of the business services provider’s stock after purchasing an additional 186 shares during the period. Broadridge Financial Solutions accounts for 1.8% of Tilia Fiduciary Partners Inc.’s portfolio, making the stock its 15th largest holding. Tilia Fiduciary Partners Inc.’s holdings in Broadridge Financial Solutions were worth $2,691,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BR. Trinity Financial Advisors LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $210,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Broadridge Financial Solutions by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 9,544 shares of the business services provider’s stock valued at $2,158,000 after purchasing an additional 158 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Broadridge Financial Solutions by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,626 shares of the business services provider’s stock valued at $4,220,000 after purchasing an additional 233 shares in the last quarter. Fortitude Family Office LLC grew its position in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of Broadridge Financial Solutions by 4.6% in the fourth quarter. Fulton Bank N.A. now owns 3,346 shares of the business services provider’s stock worth $756,000 after purchasing an additional 147 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on BR shares. DA Davidson raised their target price on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Finally, UBS Group started coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and a consensus price target of $226.71.

Broadridge Financial Solutions Trading Down 3.5 %

NYSE BR traded down $7.94 during trading on Friday, hitting $221.55. The stock had a trading volume of 640,139 shares, compared to its average volume of 577,374. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $237.96. The stock has a 50 day simple moving average of $228.24 and a 200 day simple moving average of $216.60. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 38.33 and a beta of 1.08. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the business earned $1.09 EPS. Broadridge Financial Solutions’s revenue was down .6% compared to the same quarter last year. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Buying and Selling

In related news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now directly owns 27,137 shares of the company’s stock, valued at $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the transaction, the director now directly owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock valued at $12,264,846 over the last quarter. 1.30% of the stock is owned by corporate insiders.

Broadridge Financial Solutions 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.