Signaturefd LLC Increases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Signaturefd LLC grew its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,910 shares of the business services provider’s stock after buying an additional 95 shares during the period. Signaturefd LLC’s holdings in Broadridge Financial Solutions were worth $432,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Cibc World Markets Corp raised its position in Broadridge Financial Solutions by 15.8% during the 4th quarter. Cibc World Markets Corp now owns 18,461 shares of the business services provider’s stock worth $4,174,000 after buying an additional 2,515 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Broadridge Financial Solutions by 19.9% during the 4th quarter. Harbour Investments Inc. now owns 573 shares of the business services provider’s stock worth $130,000 after purchasing an additional 95 shares during the period. Corient Private Wealth LLC grew its stake in shares of Broadridge Financial Solutions by 882.9% during the 4th quarter. Corient Private Wealth LLC now owns 437,171 shares of the business services provider’s stock worth $99,186,000 after purchasing an additional 392,695 shares during the period. Natixis Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 6.0% during the 4th quarter. Natixis Advisors LLC now owns 113,044 shares of the business services provider’s stock worth $25,558,000 after purchasing an additional 6,361 shares during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of Broadridge Financial Solutions during the 4th quarter worth $272,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BR shares. Morgan Stanley upped 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 reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Royal Bank of Canada increased 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. Finally, UBS Group increased 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and a consensus price target of $239.17.

Insiders Place Their Bets

In other news, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. This represents a 36.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Brett Keller sold 5,442 shares of the stock in a transaction dated 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 transaction, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock valued at $29,397,793 in the last ninety days. Insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $233.90 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $246.58. The stock has a market capitalization of $27.37 billion, a P/E ratio of 36.60 and a beta of 1.05. The firm’s 50-day moving average is $235.82 and its two-hundred day moving average is $226.48. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35.

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

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

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.