Geneva Partners LLC Purchases Shares of 1,750 Broadridge Financial Solutions, Inc. (NYSE:BR)

Geneva Partners LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,750 shares of the business services provider’s stock, valued at approximately $360,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Greenleaf Trust boosted its stake in Broadridge Financial Solutions by 0.3% during the 4th quarter. Greenleaf Trust now owns 25,895 shares of the business services provider’s stock valued at $5,328,000 after purchasing an additional 75 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Broadridge Financial Solutions by 105.5% during the fourth quarter. Federated Hermes Inc. now owns 2,277 shares of the business services provider’s stock worth $468,000 after buying an additional 1,169 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Broadridge Financial Solutions by 205.0% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 305 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 205 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Broadridge Financial Solutions by 5.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,500 shares of the business services provider’s stock worth $3,189,000 after acquiring an additional 740 shares during the last quarter. Finally, Allen Capital Group LLC grew its stake in shares of Broadridge Financial Solutions by 5.1% in the fourth quarter. Allen Capital Group LLC now owns 7,162 shares of the business services provider’s stock worth $1,474,000 after acquiring an additional 346 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Trading Up 0.2 %

Shares of BR traded up $0.40 during trading hours on Friday, hitting $193.38. 393,843 shares of the stock traded hands, compared to its average volume of 515,230. The business has a fifty day moving average of $200.73 and a 200-day moving average of $194.00. The firm has a market capitalization of $22.77 billion, a PE ratio of 33.69 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1-year low of $139.52 and a 1-year high of $210.24. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 8.7% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.80 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is 55.75%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Evercore ISI restated an “outperform” rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. DA Davidson reiterated a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Raymond James increased their price target on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. 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 note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.67.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the completion of the transaction, the vice president now owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 830 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the sale, the director now directly owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 12,731 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 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 have sold 48,483 shares of company stock valued at $9,745,637 in the last 90 days. 1.60% of the stock is owned by insiders.

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.