Aureus Asset Management LLC Has $6.95 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Aureus Asset Management LLC raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,320 shares of the business services provider’s stock after acquiring an additional 3,745 shares during the quarter. Aureus Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $6,950,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its stake in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after buying an additional 96 shares during the last quarter. EdgeRock Capital LLC acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth about $32,000. Rothschild Investment LLC acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth about $32,000. True Wealth Design LLC lifted its stake in shares of Broadridge Financial Solutions by 2,028.6% during the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their target price 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. UBS Group started coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. Finally, StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $222.43.

Broadridge Financial Solutions Price Performance

BR stock opened at $236.02 on Monday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.74. The firm has a market cap of $27.59 billion, a P/E ratio of 40.83 and a beta of 1.05. The company’s 50-day moving average price is $220.06 and its two-hundred day moving average price is $210.54.

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

Broadridge Financial Solutions Announces Dividend

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

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,880 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total transaction of $880,837.60. Following the sale, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Richard J. Daly sold 21,938 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, September 6th. The shares were 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 in the company, valued at $21,823,820.04. This trade represents a 17.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,294 shares of company stock valued at $16,944,095 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

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.