Pamela L. Carter Sells 4,829 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Pamela L. Carter sold 4,829 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the completion of the sale, the director now owns 7,242 shares in the company, valued at $1,754,229.66. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Broadridge Financial Solutions Stock Performance

Shares of BR traded down $0.90 during midday trading on Tuesday, reaching $241.90. 78,470 shares of the stock were exchanged, compared to its average volume of 540,760. Broadridge Financial Solutions, Inc. has a twelve month low of $192.68 and a twelve month high of $247.01. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock’s 50 day simple moving average is $234.58 and its 200 day simple moving average is $233.13. The company has a market cap of $28.41 billion, a P/E ratio of 37.85 and a beta of 0.98.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.41 by $0.03. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. Broadridge Financial Solutions’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.23 EPS. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 52.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BR. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a “buy” rating and a $300.00 price objective for the company. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday. Finally, DA Davidson reiterated a “neutral” rating and issued a $215.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $250.83.

Hedge Funds Weigh In On Broadridge Financial Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Curio Wealth LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $45,000. Park Place Capital Corp grew its position in shares of Broadridge Financial Solutions by 31.3% in the 4th quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider’s stock valued at $1,318,000 after buying an additional 1,391 shares during the last quarter. Crown Oak Advisors LLC increased its stake in shares of Broadridge Financial Solutions by 10.8% in the fourth quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider’s stock valued at $8,224,000 after buying an additional 3,553 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Broadridge Financial Solutions by 43.4% in the fourth quarter. Tributary Capital Management LLC now owns 5,003 shares of the business services provider’s stock worth $1,131,000 after acquiring an additional 1,513 shares during the period. Finally, Northstar Asset Management Inc. bought a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $2,750,000. Institutional investors own 90.03% of the company’s stock.

About Broadridge Financial Solutions

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.