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.
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