Key Points
- President Christopher John Perry sold 3,984 shares of Broadridge (NYSE:BR) on Nov. 18 at an average price of $226, totaling $900,384; his stake fell 8.16% to 44,829 shares valued at about $10.13 million.
- Broadridge declared a quarterly dividend of $0.975 per share (annualized $3.90), with an ex-dividend/record date of Dec. 12 and a yield of ~1.7% and a payout ratio of 49.94%.
- The company has a market cap of ~$26.3 billion and a PE of ~28.8, a 52-week range of $212.33–$271.91, and an analyst consensus of "Hold" with an average price target of $259.83.
Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) President Christopher John Perry sold 3,984 shares of the firm's stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total transaction of $900,384.00. Following the sale, the president owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Broadridge Financial Solutions Stock Up 0.0%
Shares of NYSE:BR opened at $224.84 on Wednesday. The firm has a market capitalization of $26.25 billion, a PE ratio of 28.79 and a beta of 0.96. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.93 and a current ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52-week low of $212.33 and a 52-week high of $271.91. The firm has a fifty day moving average of $232.67 and a 200 day moving average of $241.20.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%. As a group, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.
Broadridge Financial Solutions Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.975 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.94%.
Analyst Upgrades and Downgrades
Several research firms recently commented on BR. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Broadridge Financial Solutions in a report on Monday. Morgan Stanley reduced their price objective on Broadridge Financial Solutions from $261.00 to $256.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 5th. Needham & Company LLC lifted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. UBS Group dropped their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a "neutral" rating for the company in a report on Thursday, November 13th. Finally, DA Davidson reiterated a "neutral" rating and issued a $240.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $259.83.
Get Our Latest Analysis on Broadridge Financial Solutions
Institutional Investors Weigh In On Broadridge Financial Solutions
Several hedge funds have recently added to or reduced their stakes in BR. Farther Finance Advisors LLC raised its stake in Broadridge Financial Solutions by 56.1% during the second quarter. Farther Finance Advisors LLC now owns 5,530 shares of the business services provider's stock valued at $1,344,000 after purchasing an additional 1,987 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Broadridge Financial Solutions by 40.8% in the 2nd quarter. Nordea Investment Management AB now owns 220,314 shares of the business services provider's stock worth $52,900,000 after buying an additional 63,798 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Broadridge Financial Solutions by 62.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 689 shares of the business services provider's stock valued at $167,000 after buying an additional 265 shares in the last quarter. Triangle Securities Wealth Management bought a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $784,000. Finally, Shell Asset Management Co. grew its position in Broadridge Financial Solutions by 87.9% in the second quarter. Shell Asset Management Co. now owns 30,069 shares of the business services provider's stock worth $7,308,000 after acquiring an additional 14,067 shares in the last quarter. 90.03% of the stock is owned by institutional investors.
About Broadridge Financial Solutions
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
