HighPoint Advisor Group LLC Invests $903,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

HighPoint Advisor Group LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) during the 4th quarter, Holdings Channel reports. The firm acquired 4,463 shares of the business services provider’s stock, valued at approximately $903,000.

Several other institutional investors have also recently made changes to their positions in BR. Headinvest LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at approximately $32,000. Stuart Chaussee & Associates Inc. purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at approximately $34,000. Manchester Capital Management LLC grew its holdings in Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock valued at $34,000 after buying an additional 60 shares in the last quarter. Truvestments Capital LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at approximately $37,000. Finally, BKM Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at approximately $37,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.0 %

BR traded up $0.08 during trading on Tuesday, reaching $197.73. The company had a trading volume of 10,859 shares, compared to its average volume of 509,740. The stock has a market cap of $23.37 billion, a P/E ratio of 33.73 and a beta of 1.03. The business has a 50 day simple moving average of $197.73 and a 200-day simple moving average of $199.58. Broadridge Financial Solutions, Inc. has a 52 week low of $157.00 and a 52 week high of $210.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a dividend of $0.80 per share. The ex-dividend date is Friday, June 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.62%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 54.61%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Evercore ISI reaffirmed an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report 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 Tuesday, June 11th. Finally, StockNews.com lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $206.67.

Read Our Latest Stock Report on Broadridge Financial Solutions

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 3,473 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the sale, the director now directly owns 22,588 shares in the company, valued at $4,473,779.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert N. Duelks sold 3,473 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the completion of the sale, the director now directly owns 22,588 shares in the company, valued at $4,473,779.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas P. Carey sold 2,500 shares of Broadridge Financial Solutions stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at $1,875,944.40. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

About Broadridge Financial Solutions

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding BR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Broadridge Financial Solutions, Inc. (NYSE:BRFree Report).

Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.