Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,398 shares of the business services provider’s stock after purchasing an additional 645 shares during the period. MorganRosel Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $768,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BR. Ballentine Partners LLC raised its holdings in shares of Broadridge Financial Solutions by 4.1% during the 3rd quarter. Ballentine Partners LLC now owns 1,628 shares of the business services provider’s stock valued at $350,000 after buying an additional 64 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Broadridge Financial Solutions by 87.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,985 shares of the business services provider’s stock valued at $3,177,000 after acquiring an additional 7,006 shares in the last quarter. PFG Investments LLC raised its stake in shares of Broadridge Financial Solutions by 48.2% during the third quarter. PFG Investments LLC now owns 4,423 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 1,438 shares during the period. J.W. Cole Advisors Inc. acquired a new position in shares of Broadridge Financial Solutions during the third quarter worth $222,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 4.4% in the third quarter. Nisa Investment Advisors LLC now owns 43,137 shares of the business services provider’s stock valued at $9,314,000 after purchasing an additional 1,825 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the sale, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,666 shares of company stock valued at $5,050,766. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.4 %

Shares of NYSE BR opened at $236.25 on Tuesday. The stock has a market capitalization of $27.65 billion, a P/E ratio of 36.97 and a beta of 1.08. The stock’s 50 day moving average price is $232.87 and its two-hundred day moving average price is $223.62. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm earned $0.92 EPS. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BR. Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $239.17.

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.