Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 16.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,403 shares of the business services provider’s stock after acquiring an additional 1,455 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Broadridge Financial Solutions were worth $2,352,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Qsemble Capital Management LP purchased a new position in Broadridge Financial Solutions during the 3rd quarter valued at about $1,412,000. Atria Investments Inc grew its position in Broadridge Financial Solutions by 9.7% during the third quarter. Atria Investments Inc now owns 29,638 shares of the business services provider’s stock valued at $6,373,000 after purchasing an additional 2,610 shares in the last quarter. Horizon Kinetics Asset Management LLC acquired a new position in Broadridge Financial Solutions in the 3rd quarter valued at approximately $483,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Broadridge Financial Solutions by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock valued at $2,434,000 after acquiring an additional 3,753 shares in the last quarter. Finally, Miracle Mile Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 98.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider’s stock worth $550,000 after acquiring an additional 1,204 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 27,137 shares of the company’s stock, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the sale, the director now directly owns 27,788 shares in the company, valued at $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. In the last ninety days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions Trading Up 0.3 %

Shares of Broadridge Financial Solutions stock opened at $237.48 on Friday. The firm’s 50 day moving average is $230.15 and its 200 day moving average is $218.96. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $237.96. The firm has a market capitalization of $27.76 billion, a PE ratio of 41.09 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm earned $1.09 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was down .6% on a year-over-year basis. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Analyst Ratings Changes

Several research analysts have weighed in on BR shares. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson restated a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday. UBS Group assumed coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price for the company. Finally, Morgan Stanley raised 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $226.71.

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.