Curi RMB Capital LLC Decreases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Curi RMB Capital LLC lessened its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 20.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 942 shares of the business services provider’s stock after selling 241 shares during the period. Curi RMB Capital LLC’s holdings in Broadridge Financial Solutions were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Curio Wealth LLC purchased a new position in shares of Broadridge Financial Solutions in the fourth quarter worth about $45,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Broadridge Financial Solutions by 53.5% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider’s stock valued at $2,434,000 after acquiring an additional 3,753 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 98.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider’s stock worth $550,000 after acquiring an additional 1,204 shares in the last quarter. Park Place Capital Corp boosted its holdings in shares of Broadridge Financial Solutions by 31.3% in the fourth quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider’s stock worth $1,318,000 after acquiring an additional 1,391 shares during the period. Finally, Crown Oak Advisors LLC grew its position in shares of Broadridge Financial Solutions by 10.8% in the fourth quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider’s stock valued at $8,224,000 after purchasing an additional 3,553 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Stock Performance

NYSE BR opened at $228.24 on Tuesday. The company has a market capitalization of $26.71 billion, a P/E ratio of 35.72 and a beta of 1.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $247.01. The company has a fifty day moving average of $234.83 and a 200-day moving average of $230.28.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 last year, the firm posted $0.92 EPS. As a group, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $241.60, for a total value of $124,182.40. Following the transaction, the vice president now owns 6,602 shares in the company, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Christopher John Perry sold 22,357 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total transaction of $5,259,037.11. Following the sale, the president now owns 52,524 shares of the company’s stock, valued at approximately $12,355,220.52. This represents a 29.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock worth $29,397,793 in the last 90 days. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note 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 research note on Tuesday, January 21st. Morgan Stanley increased their target price 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. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. increased their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $241.00.

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.