Curio Wealth LLC Grows Position in Broadridge Financial Solutions, Inc. $BR

Curio Wealth LLC increased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 19,900.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 200 shares of the business services provider’s stock after buying an additional 199 shares during the quarter. Curio Wealth LLC’s holdings in Broadridge Financial Solutions were worth $49,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BR. ORG Partners LLC increased its position in shares of Broadridge Financial Solutions by 360.0% in the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after buying an additional 90 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the first quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its stake in Broadridge Financial Solutions by 85.1% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 57 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock worth $35,000 after purchasing an additional 117 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new position in Broadridge Financial Solutions during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $232.36 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $243.96 and a 200-day simple moving average of $242.48. Broadridge Financial Solutions, Inc. has a 12 month low of $208.20 and a 12 month high of $271.91. The stock has a market capitalization of $27.12 billion, a PE ratio of 32.77 and a beta of 0.95.

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

Broadridge Financial Solutions Increases Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on BR shares. Morgan Stanley upped their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. UBS Group upped their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a research report on Friday, August 8th. Needham & Company LLC lifted their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $261.50.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction on Thursday, August 14th. The stock was 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 approximately $42,986,992.02. This represents a 33.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the sale, the president directly owned 48,813 shares in the company, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,532 shares of company stock worth $38,417,208 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions 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.