Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Intrust Bank NA

Intrust Bank NA lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,046 shares of the business services provider’s stock after selling 167 shares during the period. Intrust Bank NA’s holdings in Broadridge Financial Solutions were worth $3,854,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allstate Corp acquired a new stake in Broadridge Financial Solutions during the 4th quarter valued at $812,000. Maridea Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at $267,000. Brown Brothers Harriman & Co. boosted its stake in shares of Broadridge Financial Solutions by 46.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,458 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 460 shares during the last quarter. Level Four Advisory Services LLC increased its position in Broadridge Financial Solutions by 1.0% during the 4th quarter. Level Four Advisory Services LLC now owns 24,470 shares of the business services provider’s stock worth $5,533,000 after purchasing an additional 231 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Broadridge Financial Solutions by 8.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 79,599 shares of the business services provider’s stock valued at $17,997,000 after purchasing an additional 6,321 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 485 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the transaction, the director now directly owns 4,960 shares of the company’s stock, valued at approximately $1,180,132.80. The trade was a 8.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Laura Matlin sold 514 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total transaction of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares of the company’s stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Trading Down 0.5 %

BR stock opened at $237.60 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market cap of $27.80 billion, a price-to-earnings ratio of 37.18 and a beta of 1.05. The business has a fifty day simple moving average of $236.97 and a 200-day simple moving average of $227.56. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company posted $0.92 earnings per share. On average, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid 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 is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is presently 55.09%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. DA Davidson reaffirmed a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $241.00.

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.