Crew Capital Management Ltd. Sells 465 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Crew Capital Management Ltd. lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,064 shares of the business services provider’s stock after selling 465 shares during the quarter. Crew Capital Management Ltd.’s holdings in Broadridge Financial Solutions were worth $874,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BR. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions during the second quarter worth $32,000. Rothschild Investment LLC bought a new position in shares of Broadridge Financial Solutions in the second quarter valued at about $32,000. New Covenant Trust Company N.A. bought a new position in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Family Firm Inc. bought a new position in Broadridge Financial Solutions during the second quarter worth about $37,000. Finally, McClarren Financial Advisors Inc. increased its position in Broadridge Financial Solutions by 65.5% during the second quarter. McClarren Financial Advisors Inc. now owns 197 shares of the business services provider’s stock worth $39,000 after acquiring an additional 78 shares during the period. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Price Performance

Shares of BR traded down $1.11 during mid-day trading on Monday, reaching $217.99. The company had a trading volume of 82,958 shares, compared to its average volume of 521,825. The company’s 50 day simple moving average is $212.64 and its 200 day simple moving average is $205.19. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $224.32. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 37.35 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, topping the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The business had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $3.21 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.88 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $3.52 annualized dividend and a yield of 1.61%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.07%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada increased their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective 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, August 20th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the sale, the president now owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the sale, the president now owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is currently owned by insiders.

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.