Everpar Advisors LLC Invests $673,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

Everpar Advisors LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,271 shares of the business services provider’s stock, valued at approximately $673,000.

A number of other institutional investors also recently modified their holdings of BR. Barlow Wealth Partners Inc. bought a new position in Broadridge Financial Solutions during the 4th quarter worth $6,961,000. Charles Schwab Investment Management Inc. increased its holdings in Broadridge Financial Solutions by 1.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 634,258 shares of the business services provider’s stock valued at $130,499,000 after buying an additional 7,350 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Broadridge Financial Solutions by 4.7% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,872 shares of the business services provider’s stock worth $385,000 after acquiring an additional 84 shares during the period. Apollon Wealth Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 5.3% during the 4th quarter. Apollon Wealth Management LLC now owns 2,335 shares of the business services provider’s stock worth $480,000 after acquiring an additional 118 shares during the period. Finally, Lincoln National Corp increased its stake in Broadridge Financial Solutions by 25.6% in the fourth quarter. Lincoln National Corp now owns 3,835 shares of the business services provider’s stock valued at $789,000 after acquiring an additional 781 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI reiterated an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. DA Davidson reissued a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Royal Bank of Canada increased their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Raymond James increased their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $206.67.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 830 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the sale, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The disclosure for this sale can be found here. Insiders sold a total of 25,761 shares of company stock valued at $5,223,959 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Up 0.3 %

BR traded up $0.68 during trading on Tuesday, reaching $201.36. 466,018 shares of the stock traded hands, compared to its average volume of 492,895. The stock’s 50-day moving average is $200.29 and its 200 day moving average is $195.66. Broadridge Financial Solutions, Inc. has a 12 month low of $144.54 and a 12 month high of $210.24. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $23.71 billion, a PE ratio of 35.08 and a beta of 0.98.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s payout ratio is 55.75%.

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.