Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin Sells 514 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin sold 514 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $240.11 on Thursday. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $242.39. The firm has a market capitalization of $28.07 billion, a PE ratio of 37.58 and a beta of 1.08. The business’s 50 day moving average is $231.55 and its 200-day moving average is $220.97. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter last year, the firm posted $0.92 EPS. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.55 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BR. DA Davidson reissued a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Morgan Stanley raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average price target of $239.17.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter valued at $2,784,000. Handelsbanken Fonder AB raised its position in Broadridge Financial Solutions by 21.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 38,061 shares of the business services provider’s stock valued at $8,184,000 after purchasing an additional 6,829 shares during the last quarter. Czech National Bank raised its position in Broadridge Financial Solutions by 5.6% in the 3rd quarter. Czech National Bank now owns 23,774 shares of the business services provider’s stock valued at $5,112,000 after purchasing an additional 1,254 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Broadridge Financial Solutions by 39.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,178 shares of the business services provider’s stock valued at $468,000 after buying an additional 620 shares during the period. Finally, Miracle Mile Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 10.2% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,229 shares of the business services provider’s stock valued at $264,000 after buying an additional 114 shares during the period. Institutional investors own 90.03% of the company’s stock.

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.