Broadridge Financial Solutions, Inc. (BR) Insider Richard J. Daly Sells 94,039 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Richard J. Daly sold 94,039 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $81.95, for a total value of $7,706,496.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Broadridge Financial Solutions, Inc. (NYSE BR) traded up 0.61% during trading on Friday, hitting $82.71. The stock had a trading volume of 80,779 shares. Broadridge Financial Solutions, Inc. has a 52 week low of $59.86 and a 52 week high of $82.80. The company has a market cap of $9.63 billion, a PE ratio of 30.63 and a beta of 0.99. The stock has a 50-day moving average price of $79.82 and a 200-day moving average price of $74.81.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, August 10th. The business services provider reported $1.71 EPS for the quarter, hitting analysts’ consensus estimates of $1.71. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Broadridge Financial Solutions had a net margin of 7.89% and a return on equity of 37.99%. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 earnings per share. Equities analysts predict that Broadridge Financial Solutions, Inc. will post $3.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, September 15th were paid a dividend of $0.365 per share. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.46 dividend on an annualized basis and a yield of 1.78%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 53.48%.

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Several brokerages have issued reports on BR. DA Davidson began coverage on Broadridge Financial Solutions in a research note on Monday, August 7th. They set a “neutral” rating and a $74.00 price objective on the stock. BidaskClub cut Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Barclays PLC upped their price objective on Broadridge Financial Solutions from $72.00 to $74.00 and gave the company an “equal weight” rating in a research note on Friday, August 11th.

A number of institutional investors and hedge funds have recently made changes to their positions in BR. Acrospire Investment Management LLC bought a new position in Broadridge Financial Solutions during the second quarter worth about $108,000. Toronto Dominion Bank lifted its stake in Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after purchasing an additional 149 shares during the period. Global X Management Co. LLC lifted its stake in Broadridge Financial Solutions by 8.5% during the second quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock worth $116,000 after purchasing an additional 120 shares during the period. Advisory Services Network LLC lifted its stake in Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after purchasing an additional 706 shares during the period. Finally, Commonwealth Bank of Australia lifted its stake in Broadridge Financial Solutions by 60.0% during the second quarter. Commonwealth Bank of Australia now owns 1,600 shares of the business services provider’s stock worth $120,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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