Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by First Affirmative Financial Network

First Affirmative Financial Network reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,301 shares of the business services provider’s stock after selling 176 shares during the quarter. First Affirmative Financial Network’s holdings in Broadridge Financial Solutions were worth $294,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Hanson & Doremus Investment Management boosted its stake in shares of Broadridge Financial Solutions by 64.3% during the 4th quarter. Hanson & Doremus Investment Management now owns 1,150 shares of the business services provider’s stock worth $260,000 after purchasing an additional 450 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the 4th quarter worth about $1,753,000. Swedbank AB lifted its holdings in shares of Broadridge Financial Solutions by 0.7% during the 4th quarter. Swedbank AB now owns 25,311 shares of the business services provider’s stock worth $5,723,000 after acquiring an additional 176 shares during the period. Allen Capital Group LLC lifted its holdings in shares of Broadridge Financial Solutions by 6.3% during the 4th quarter. Allen Capital Group LLC now owns 14,030 shares of the business services provider’s stock worth $3,172,000 after acquiring an additional 833 shares during the period. Finally, Strategic Blueprint LLC lifted its holdings in shares of Broadridge Financial Solutions by 6.9% during the 4th quarter. Strategic Blueprint LLC now owns 1,310 shares of the business services provider’s stock worth $296,000 after acquiring an additional 85 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BR shares. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. DA Davidson reiterated a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Morgan Stanley increased their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $226.71.

Broadridge Financial Solutions Trading Up 1.5 %

NYSE BR opened at $239.12 on Friday. The firm has a market capitalization of $27.95 billion, a price-to-earnings ratio of 41.37 and a beta of 1.08. The company’s 50 day moving average price is $231.10 and its 200 day moving average price is $219.96. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $241.45. 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 posted its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. On average, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

Insider Activity

In other news, VP Thomas P. Carey sold 10,757 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the sale, the vice president now owns 12,689 shares of the company’s stock, valued at approximately $2,878,118.98. This trade represents a 45.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the sale, the insider now directly owns 27,137 shares of the company’s stock, valued at $5,975,838.77. The trade was a 47.12 % 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 over the last 90 days. Company 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.