Koshinski Asset Management Inc. Sells 50 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Koshinski Asset Management Inc. decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,790 shares of the business services provider’s stock after selling 50 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Broadridge Financial Solutions were worth $1,309,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BR. NBC Securities Inc. grew its position in Broadridge Financial Solutions by 0.8% in the third quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 45 shares in the last quarter. Avestar Capital LLC grew its holdings in shares of Broadridge Financial Solutions by 4.0% in the 3rd quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock valued at $268,000 after acquiring an additional 48 shares in the last quarter. UMB Bank n.a. raised its holdings in Broadridge Financial Solutions by 5.5% during the fourth quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider’s stock worth $248,000 after acquiring an additional 57 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Broadridge Financial Solutions by 12.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 57 shares during the last quarter. Finally, Huntington National Bank grew its stake in Broadridge Financial Solutions by 2.8% in the third quarter. Huntington National Bank now owns 2,233 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 61 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 10,757 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the transaction, the vice president now owns 12,689 shares in the company, valued at $2,878,118.98. The trade was a 45.88 % 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 worth $12,264,846 in the last quarter. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR opened at $233.93 on Wednesday. The firm has a market cap of $27.34 billion, a P/E ratio of 40.47 and a beta of 1.08. The business’s 50 day moving average is $229.66 and its 200-day moving average is $218.47. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $237.96.

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 for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. Finally, DA Davidson lifted their target price on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $226.71.

About Broadridge Financial Solutions

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.