Bryn Mawr Capital Management LLC Sells 192 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Bryn Mawr Capital Management LLC reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,313 shares of the business services provider’s stock after selling 192 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Broadridge Financial Solutions were worth $5,045,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Ballentine Partners LLC raised its position in shares of Broadridge Financial Solutions by 4.1% during the third quarter. Ballentine Partners LLC now owns 1,628 shares of the business services provider’s stock worth $350,000 after purchasing an additional 64 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Broadridge Financial Solutions by 87.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,985 shares of the business services provider’s stock worth $3,177,000 after buying an additional 7,006 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new position in Broadridge Financial Solutions during the third quarter worth $222,000. Nisa Investment Advisors LLC lifted 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 buying an additional 1,825 shares in the last quarter. Finally, abrdn plc grew its holdings in shares of Broadridge Financial Solutions by 5.5% during the third quarter. abrdn plc now owns 536,083 shares of the business services provider’s stock valued at $114,451,000 after buying an additional 27,869 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 0.1 %

NYSE BR opened at $236.71 on Wednesday. The business’s fifty day moving average is $233.02 and its 200-day moving average is $223.78. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a market capitalization of $27.70 billion, a price-to-earnings ratio of 37.04 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data 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 net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group upped their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Morgan Stanley raised their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $239.17.

Insider Activity

In related news, VP Thomas P. Carey sold 15,710 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the transaction, the vice president now directly owns 12,146 shares of the company’s stock, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the sale, the director now directly owns 15,536 shares in the company, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 21,666 shares of company stock valued at $5,050,766 in the last 90 days. Insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Company Profile

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.