Strengthening Families & Communities LLC Boosts Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Strengthening Families & Communities LLC lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 12,541 shares of the business services provider’s stock after acquiring an additional 779 shares during the period. Strengthening Families & Communities LLC’s holdings in Broadridge Financial Solutions were worth $2,697,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC lifted its stake in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after acquiring an additional 96 shares during the period. EdgeRock Capital LLC acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth $32,000. Rothschild Investment LLC acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $37,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on BR shares. Morgan Stanley raised their price objective on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $217.83.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $227.78 on Monday. The company has a market cap of $26.63 billion, a PE ratio of 39.41 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12 month low of $180.31 and a 12 month high of $230.00. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The company has a 50-day simple moving average of $215.95 and a 200-day simple moving average of $208.23.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued 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 dividend yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions 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 transaction, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $210.22, for a total transaction of $1,366,640.22. Following the transaction, the president now directly owns 67,771 shares in the company, valued at approximately $14,246,819.62. This trade represents a 8.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 115,534 shares of company stock worth $24,748,962 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

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.