One Plus One Wealth Management LLC Purchases New Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

One Plus One Wealth Management LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,228 shares of the business services provider’s stock, valued at approximately $264,000.

Other institutional investors have also added to or reduced their stakes in the company. Bogart Wealth LLC raised its stake in shares of Broadridge Financial Solutions by 384.0% in the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions in the 2nd quarter worth about $32,000. Rothschild Investment LLC purchased a new position in Broadridge Financial Solutions in the 2nd quarter worth about $32,000. New Covenant Trust Company N.A. bought a new position in Broadridge Financial Solutions during the 1st quarter valued at about $34,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $38,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the sale, the president now directly owns 50,237 shares in the company, valued at $10,721,078.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the transaction, the vice president now owns 5,530 shares of the company’s stock, valued at approximately $1,194,480. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,386 shares of company stock valued at $28,112,824. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Morgan Stanley lifted 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 report on Wednesday. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price objective 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. Finally, Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $217.83.

Broadridge Financial Solutions Trading Up 4.1 %

Broadridge Financial Solutions stock opened at $218.30 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 12-month low of $175.21 and a 12-month high of $224.32. The firm has a market capitalization of $25.52 billion, a price-to-earnings ratio of 37.25 and a beta of 1.05. The firm has a 50 day moving average of $213.71 and a 200 day moving average of $206.50.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.00. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.09 EPS. Broadridge Financial Solutions’s revenue for the quarter was down .6% on a year-over-year basis. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

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.