Lyell Wealth Management LP Has $9.27 Million Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Lyell Wealth Management LP grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,127 shares of the business services provider’s stock after buying an additional 2,126 shares during the period. Lyell Wealth Management LP’s holdings in Broadridge Financial Solutions were worth $9,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Clarus Group Inc. increased its stake in shares of Broadridge Financial Solutions by 1.5% in the second quarter. Clarus Group Inc. now owns 2,951 shares of the business services provider’s stock valued at $717,000 after buying an additional 44 shares during the period. Harbour Investments Inc. grew its stake in Broadridge Financial Solutions by 10.1% during the second quarter. Harbour Investments Inc. now owns 489 shares of the business services provider’s stock worth $119,000 after purchasing an additional 45 shares during the period. Continuum Advisory LLC grew its stake in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock worth $34,000 after purchasing an additional 46 shares during the period. Norden Group LLC grew its stake in Broadridge Financial Solutions by 2.6% during the first quarter. Norden Group LLC now owns 1,852 shares of the business services provider’s stock worth $449,000 after purchasing an additional 47 shares during the period. Finally, Crew Capital Management Ltd. grew its stake in Broadridge Financial Solutions by 2.4% during the first quarter. Crew Capital Management Ltd. now owns 2,020 shares of the business services provider’s stock worth $490,000 after purchasing an additional 48 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Buying and Selling

In other news, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares in the company, valued at $42,986,992.02. This represents a 33.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,532 shares of company stock worth $38,417,208 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Up 1.1%

Shares of Broadridge Financial Solutions stock opened at $228.97 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. Broadridge Financial Solutions, Inc. has a 52 week low of $208.20 and a 52 week high of $271.91. The stock has a 50 day moving average price of $246.88 and a two-hundred day moving average price of $242.19. The stock has a market capitalization of $26.73 billion, a PE ratio of 32.30 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, March 3rd. The business services provider reported $0.73 EPS for the quarter. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The firm had revenue of $1.05 billion during the quarter. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a $0.975 dividend. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions’s dividend payout ratio is 55.01%.

Analyst Upgrades and Downgrades

BR has been the subject of several recent analyst reports. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Morgan Stanley raised their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Needham & Company LLC raised their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $261.50.

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.