Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 39.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,265 shares of the business services provider’s stock after purchasing an additional 5,169 shares during the quarter. Broadridge Financial Solutions comprises approximately 1.7% of Kensington Investment Counsel LLC’s investment portfolio, making the stock its 17th biggest holding. Kensington Investment Counsel LLC’s holdings in Broadridge Financial Solutions were worth $4,130,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. True Wealth Design LLC increased its stake in shares of Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Fortitude Family Office LLC increased its stake in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 111 shares during the period. Global X Japan Co. Ltd. acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $41,000. FSA Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions during the third quarter valued at approximately $39,000. Finally, Curio Wealth LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $45,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on BR shares. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, March 8th. Finally, Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $239.17.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions 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 of the company’s stock, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,754 shares of company stock valued at $29,397,793. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.6 %

Broadridge Financial Solutions stock opened at $231.21 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market cap of $27.06 billion, a price-to-earnings ratio of 36.18 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $246.58. The firm’s 50 day moving average price is $235.52 and its two-hundred day moving average price is $226.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 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 period last year, the business posted $0.92 earnings per share. On average, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors 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 yield of 1.52%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is 55.09%.

Broadridge Financial Solutions 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.