Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Acquired by Unique Wealth LLC

Unique Wealth LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 16.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,461 shares of the business services provider’s stock after acquiring an additional 205 shares during the quarter. Unique Wealth LLC’s holdings in Broadridge Financial Solutions were worth $299,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. acquired a new position in Broadridge Financial Solutions during the 4th quarter worth $34,000. Manchester Capital Management LLC boosted its position in Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after acquiring an additional 60 shares during the period. Headinvest LLC acquired a new position in Broadridge Financial Solutions during the 3rd quarter worth $32,000. BKM Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth $37,000. Finally, Exchange Traded Concepts LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth $39,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In related news, VP Thomas P. Carey sold 2,500 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the completion of the sale, the vice president now directly owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the transaction, the director now directly owns 22,588 shares in the company, valued at approximately $4,473,779.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas P. Carey sold 2,500 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at $1,875,944.40. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Finally, DA Davidson reiterated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $206.67.

Broadridge Financial Solutions Price Performance

Shares of BR traded up $0.85 during trading hours on Friday, hitting $200.79. 777,778 shares of the company were exchanged, compared to its average volume of 507,839. The firm has a fifty day simple moving average of $197.51 and a 200-day simple moving average of $199.68. The company has a market capitalization of $23.73 billion, a PE ratio of 34.26 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions, Inc. has a one year low of $157.00 and a one year high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $2.05 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 7.72 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 Friday, July 5th. Investors of record on Friday, June 14th will be given a $0.80 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.

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.