Amalgamated Bank Sells 636 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Amalgamated Bank trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,782 shares of the business services provider’s stock after selling 636 shares during the quarter. Amalgamated Bank’s holdings in Broadridge Financial Solutions were worth $5,829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Broadridge Financial Solutions by 2.4% in the 4th quarter. Bank of New York Mellon Corp now owns 896,718 shares of the business services provider’s stock worth $202,739,000 after buying an additional 20,694 shares in the last quarter. CWS Financial Advisors LLC boosted its stake in shares of Broadridge Financial Solutions by 54.6% in the fourth quarter. CWS Financial Advisors LLC now owns 1,911 shares of the business services provider’s stock worth $432,000 after acquiring an additional 675 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $206,000. Union Bancaire Privee UBP SA purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth about $2,328,000. Finally, MONECO Advisors LLC lifted its holdings in Broadridge Financial Solutions by 14.6% in the 4th quarter. MONECO Advisors LLC now owns 1,795 shares of the business services provider’s stock worth $406,000 after purchasing an additional 229 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP Laura Matlin sold 514 shares of the 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 sale, the vice president now directly owns 6,602 shares of the company’s stock, valued at $1,595,043.20. This represents a 7.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the business’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 transaction, the vice president now owns 12,146 shares of the company’s stock, valued at $2,797,466.72. This trade represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 21,666 shares of company stock valued at $5,050,766 over the last three months. 1.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

BR has been the subject of a number of research analyst reports. StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Thursday. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $239.17.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock opened at $237.17 on Friday. The company’s 50-day moving average price is $233.55 and its 200-day moving average price is $223.96. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The company has a market cap of $27.75 billion, a PE ratio of 37.12 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $244.47.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping 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 in the previous year, the company earned $0.92 EPS. On average, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.48%. Broadridge Financial Solutions’s dividend payout ratio is presently 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.