Hyman Charles D Buys Shares of 977 Broadridge Financial Solutions, Inc. (NYSE:BR)

Hyman Charles D acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, Holdings Channel.com reports. The firm acquired 977 shares of the business services provider’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also bought and sold shares of BR. Nordea Investment Management AB boosted its holdings in Broadridge Financial Solutions by 680.1% during the 4th quarter. Nordea Investment Management AB now owns 85,325 shares of the business services provider’s stock valued at $17,584,000 after acquiring an additional 74,387 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $227,750,000. Crown Oak Advisors LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at about $7,032,000. Comerica Bank purchased a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $8,116,000. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $1,089,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 5.4 %

Shares of BR stock traded down $10.90 on Wednesday, hitting $190.46. The stock had a trading volume of 873,849 shares, compared to its average volume of 497,195. 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 business has a 50 day moving average price of $200.29 and a 200 day moving average price of $195.66. Broadridge Financial Solutions, Inc. has a one year low of $144.54 and a one year high of $210.24. The company has a market cap of $22.43 billion, a PE ratio of 33.18 and a beta of 0.98.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.01). The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a yield of 1.68%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.75%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the stock in a transaction that occurred 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 directly 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 25,761 shares of company stock valued at $5,223,959 over the last three months. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James boosted their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Evercore ISI reaffirmed 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 restated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Royal Bank of Canada upped their price objective on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $206.67.

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.