Broadridge Financial Solutions, Inc. (NYSE:BR) Given Consensus Rating of “Hold” by Analysts

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $222.43.

A number of equities analysts have issued reports on BR shares. UBS Group began coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. JPMorgan Chase & Co. increased their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada reissued an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Morgan Stanley upped 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.

Broadridge Financial Solutions Price Performance

BR stock opened at $236.02 on Wednesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. Broadridge Financial Solutions has a 1 year low of $188.30 and a 1 year high of $237.74. The firm has a 50-day moving average of $220.06 and a 200 day moving average of $210.54. The company has a market cap of $27.59 billion, a P/E ratio of 40.83 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.09 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions will post 8.52 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.90%.

Insider Transactions at Broadridge Financial Solutions

In related news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares of the company’s stock, valued at $21,823,820.04. This trade represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the sale, the president now owns 50,237 shares of the company’s stock, valued at $10,721,078.17. The trade was a 25.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,294 shares of company stock worth $16,944,095. Corporate insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Trust bought a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $2,233,000. Tidal Investments LLC boosted its stake in shares of Broadridge Financial Solutions by 43.7% in the 3rd quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider’s stock worth $3,290,000 after buying an additional 4,654 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Broadridge Financial Solutions in the third quarter worth $3,530,000. World Investment Advisors LLC increased its position in Broadridge Financial Solutions by 10.9% during the third quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 416 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its holdings in Broadridge Financial Solutions by 26.2% in the third quarter. Sanctuary Advisors LLC now owns 18,098 shares of the business services provider’s stock valued at $4,167,000 after acquiring an additional 3,761 shares during the period. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Company 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.