Mitchell Mcleod Pugh & Williams Inc. Has $466,000 Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Mitchell Mcleod Pugh & Williams Inc. lowered its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,062 shares of the business services provider’s stock after selling 1,110 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Broadridge Financial Solutions were worth $466,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Broadridge Financial Solutions by 12.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock worth $119,000 after acquiring an additional 57 shares in the last quarter. UMB Bank n.a. increased its stake in Broadridge Financial Solutions by 5.5% during the 4th quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider’s stock worth $248,000 after purchasing an additional 57 shares in the last quarter. Trueblood Wealth Management LLC raised its holdings in Broadridge Financial Solutions by 1.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 6,844 shares of the business services provider’s stock worth $1,547,000 after buying an additional 88 shares during the period. LVW Advisors LLC lifted its stake in Broadridge Financial Solutions by 6.8% in the fourth quarter. LVW Advisors LLC now owns 3,971 shares of the business services provider’s stock valued at $898,000 after buying an additional 252 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in Broadridge Financial Solutions by 35.3% in the fourth quarter. HB Wealth Management LLC now owns 2,957 shares of the business services provider’s stock valued at $669,000 after buying an additional 771 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

BR has been the topic of a number of recent research reports. DA Davidson lifted their target price on Broadridge Financial Solutions from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. UBS Group assumed coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average price target of $226.71.

Broadridge Financial Solutions Trading Down 0.3 %

Shares of Broadridge Financial Solutions stock opened at $230.35 on Tuesday. Broadridge Financial Solutions, Inc. has a 52-week low of $188.30 and a 52-week high of $237.96. The stock has a market cap of $26.93 billion, a PE ratio of 39.85 and a beta of 1.08. The firm has a 50-day moving average of $229.51 and a 200-day moving average of $218.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.88 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.53%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the transaction, the vice president now directly owns 12,689 shares in the company, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now owns 27,788 shares in the company, valued at $6,308,431.76. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,532 shares of company stock worth $12,264,846 in the last 90 days. Insiders own 1.30% of the company’s stock.

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.