Strengthening Families & Communities LLC Acquires 779 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Strengthening Families & Communities LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,541 shares of the business services provider’s stock after buying an additional 779 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Broadridge Financial Solutions were worth $2,697,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BR. Quest Partners LLC purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at $2,251,000. MAI Capital Management grew its position in Broadridge Financial Solutions by 8.7% during the 3rd quarter. MAI Capital Management now owns 11,886 shares of the business services provider’s stock worth $2,556,000 after purchasing an additional 948 shares during the period. Swiss National Bank grew its position in Broadridge Financial Solutions by 0.6% during the 3rd quarter. Swiss National Bank now owns 350,800 shares of the business services provider’s stock worth $75,433,000 after purchasing an additional 2,100 shares during the period. Thrivent Financial for Lutherans grew its position in Broadridge Financial Solutions by 24.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 6,204 shares of the business services provider’s stock worth $1,335,000 after purchasing an additional 1,219 shares during the period. Finally, Natixis Advisors LLC grew its position in Broadridge Financial Solutions by 8.0% during the 3rd quarter. Natixis Advisors LLC now owns 106,683 shares of the business services provider’s stock worth $22,940,000 after purchasing an additional 7,866 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares in the company, valued at $21,823,820.04. This represents a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Maura A. Markus sold 3,880 shares of the 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 sale, the director now owns 27,788 shares in the company, valued at approximately $6,308,431.76. This trade represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 115,534 shares of company stock worth $24,748,962 in the last three months. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Up 0.1 %

BR opened at $227.78 on Monday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50 day simple moving average is $215.95 and its two-hundred day simple moving average is $208.23. Broadridge Financial Solutions, Inc. has a 1-year low of $180.31 and a 1-year high of $230.00. The firm has a market capitalization of $26.63 billion, a price-to-earnings ratio of 39.41 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion for 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%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 EPS. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley raised their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $217.83.

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.