Broadridge Financial Solutions, Inc. (NYSE:BR) Stake Raised by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.5% in the third quarter, HoldingsChannel reports. The firm owned 31,952 shares of the business services provider’s stock after purchasing an additional 163 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Broadridge Financial Solutions were worth $6,871,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BR. Empowered Funds LLC raised its position in shares of Broadridge Financial Solutions by 32.4% during the first quarter. Empowered Funds LLC now owns 1,922 shares of the business services provider’s stock valued at $394,000 after buying an additional 470 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Broadridge Financial Solutions by 4.1% during the first quarter. Sei Investments Co. now owns 19,637 shares of the business services provider’s stock worth $4,021,000 after buying an additional 779 shares in the last quarter. Intech Investment Management LLC grew its position in Broadridge Financial Solutions by 173.1% in the first quarter. Intech Investment Management LLC now owns 12,211 shares of the business services provider’s stock valued at $2,502,000 after purchasing an additional 7,739 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock worth $2,866,238,000 after purchasing an additional 39,537 shares in the last quarter. Finally, TIAA Trust National Association grew its position in shares of Broadridge Financial Solutions by 1.0% in the 1st quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock valued at $1,120,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.5 %

Shares of BR stock opened at $227.92 on Friday. The firm has a fifty day moving average price of $215.55 and a 200-day moving average price of $207.80. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a 1 year low of $180.16 and a 1 year high of $230.00. The company has a market cap of $26.64 billion, a price-to-earnings ratio of 39.43 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS. As a group, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.54%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $217.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 25,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $209.31, for a total value of $5,232,750.00. Following the completion of the transaction, the chief executive officer now owns 206,349 shares in the company, valued at approximately $43,190,909.19. This represents a 10.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 162 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the transaction, the president now owns 67,267 shares in the company, valued at $14,126,070. The trade was a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,696 shares of company stock valued at $24,782,982. 1.30% of the stock is currently owned by insiders.

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.