Trinity Financial Advisors LLC Acquires New Shares in Broadridge Financial Solutions, Inc. (NYSE:BR)

Trinity Financial Advisors LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 924 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also modified their holdings of BR. Harbor Capital Advisors Inc. boosted its position in shares of Broadridge Financial Solutions by 1.7% during the fourth quarter. Harbor Capital Advisors Inc. now owns 9,544 shares of the business services provider’s stock valued at $2,158,000 after buying an additional 158 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Broadridge Financial Solutions by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,626 shares of the business services provider’s stock worth $4,220,000 after acquiring an additional 233 shares during the period. Fortitude Family Office LLC raised its holdings in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 111 shares during the last quarter. Fulton Bank N.A. lifted its position in Broadridge Financial Solutions by 4.6% during the fourth quarter. Fulton Bank N.A. now owns 3,346 shares of the business services provider’s stock valued at $756,000 after purchasing an additional 147 shares during the period. Finally, CWA Asset Management Group LLC boosted its holdings in Broadridge Financial Solutions by 6.0% in the fourth quarter. CWA Asset Management Group LLC now owns 1,283 shares of the business services provider’s stock worth $290,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BR shares. Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson upped their price target on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price target on the stock. Finally, StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $226.71.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the sale, the vice president now directly owns 12,689 shares in the company, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock worth $12,264,846 over the last 90 days. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Price Performance

BR stock traded down $7.94 during mid-day trading on Friday, hitting $221.55. The company had a trading volume of 640,139 shares, compared to its average volume of 577,374. The company has a 50-day moving average price of $228.24 and a 200 day moving average price of $216.60. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $237.96. The company has a market capitalization of $25.90 billion, a price-to-earnings ratio of 38.33 and a beta of 1.08. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 41.79% and a net margin of 10.57%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

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.