Broadridge Financial Solutions, Inc. (BR) Director Sells $198,712.80 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Alan J. Weber sold 1,980 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $100.36, for a total value of $198,712.80. Following the completion of the sale, the director now directly owns 51,588 shares of the company’s stock, valued at $5,177,371.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of BR traded up $0.21 during mid-day trading on Thursday, hitting $100.37. The company’s stock had a trading volume of 9,057 shares, compared to its average volume of 943,856. Broadridge Financial Solutions, Inc. has a one year low of $91.34 and a one year high of $138.24. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.16 and a beta of 0.84.

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Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 7th. The business services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.15). The business had revenue of $953.40 million during the quarter, compared to the consensus estimate of $967.21 million. Broadridge Financial Solutions had a net margin of 10.25% and a return on equity of 43.95%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 4.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Friday, March 15th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 1.93%. Broadridge Financial Solutions’s payout ratio is 46.30%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in Broadridge Financial Solutions by 1.3% during the third quarter. BlackRock Inc. now owns 10,231,132 shares of the business services provider’s stock worth $1,349,998,000 after acquiring an additional 134,591 shares in the last quarter. Janus Henderson Group PLC raised its stake in Broadridge Financial Solutions by 1.3% during the third quarter. Janus Henderson Group PLC now owns 6,193,580 shares of the business services provider’s stock worth $817,243,000 after acquiring an additional 77,517 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Broadridge Financial Solutions by 8,044.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,178,116 shares of the business services provider’s stock worth $43,000 after acquiring an additional 4,126,816 shares in the last quarter. AQR Capital Management LLC raised its stake in Broadridge Financial Solutions by 71.4% during the third quarter. AQR Capital Management LLC now owns 1,995,511 shares of the business services provider’s stock worth $263,308,000 after acquiring an additional 831,086 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Broadridge Financial Solutions by 32.0% during the third quarter. Wells Fargo & Company MN now owns 1,950,097 shares of the business services provider’s stock worth $257,315,000 after acquiring an additional 472,524 shares in the last quarter. Institutional investors and hedge funds own 84.15% of the company’s stock.

Several research firms have recently weighed in on BR. Zacks Investment Research raised Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Rosenblatt Securities began coverage on Broadridge Financial Solutions in a research report on Wednesday, December 5th. They issued a “neutral” rating and a $110.00 price objective for the company. DA Davidson raised Broadridge Financial Solutions from a “neutral” rating to a “buy” rating and set a $116.00 price objective for the company in a research report on Friday, February 8th. Finally, SunTrust Banks reissued a “buy” rating and issued a $110.00 price objective on shares of Broadridge Financial Solutions in a research report on Sunday, January 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $118.80.

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Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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