Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 20.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,533 shares of the business services provider’s stock after buying an additional 260 shares during the period. Venturi Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $330,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Kennebec Savings Bank bought a new position in Broadridge Financial Solutions in the 3rd quarter worth approximately $129,000. Los Angeles Capital Management LLC acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at $7,033,000. Mayflower Financial Advisors LLC acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $225,000. Legacy Capital Wealth Partners LLC lifted its position in shares of Broadridge Financial Solutions by 82.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider’s stock valued at $1,528,000 after acquiring an additional 3,216 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 5.2% in the third quarter. Axxcess Wealth Management LLC now owns 25,936 shares of the business services provider’s stock valued at $5,577,000 after purchasing an additional 1,275 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Christopher John Perry sold 162 shares of the company’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 sale, the president now owns 67,267 shares of the company’s stock, valued at approximately $14,126,070. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Chairman Richard J. Daly sold 21,938 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $207.66, for a total value of $4,555,645.08. Following the completion of the transaction, the chairman now owns 105,094 shares in the company, valued at $21,823,820.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Christopher John Perry sold 162 shares of the firm’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 of the company’s stock, valued at $14,126,070. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,996 shares of company stock valued at $30,073,732. Company insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BR. Royal Bank of Canada reiterated an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley boosted their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $217.83.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $226.82 on Wednesday. The stock has a fifty day simple moving average of $214.87 and a 200 day simple moving average of $207.51. The company has a quick ratio of 1.08, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $26.51 billion, a price-to-earnings ratio of 39.24 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a twelve month low of $176.29 and a twelve month high of $228.75.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. Broadridge Financial Solutions’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.09 EPS. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

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.