Leeward Financial Partners LLC Acquires Shares of 2,000 Broadridge Financial Solutions, Inc. $BR

Leeward Financial Partners LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,000 shares of the business services provider’s stock, valued at approximately $486,000.

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC grew its position in shares of Broadridge Financial Solutions by 360.0% in the 2nd 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 during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions in the 1st quarter valued at $29,000. Caitong International Asset Management Co. Ltd grew its position in shares of Broadridge Financial Solutions by 85.1% in 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 buying an additional 57 shares during the last quarter. Bank of Jackson Hole Trust grew its position in shares of Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after buying an additional 64 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd grew its position in shares of 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 valued at $35,000 after buying an additional 117 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 0.3%

BR stock opened at $220.40 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $208.20 and a one year high of $271.91. The stock has a market capitalization of $25.72 billion, a PE ratio of 31.09 and a beta of 0.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $240.25 and a 200-day moving average of $242.21.

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

Broadridge Financial Solutions Increases Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.8%. This is a positive change 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 55.01%.

Insider Activity

In related news, CEO Timothy C. Gokey sold 5,674 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $258.37, for a total value of $1,465,991.38. Following the completion of the sale, the chief executive officer owned 143,285 shares in the company, valued at $37,020,545.45. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Christopher John Perry sold 7,036 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $262.72, for a total transaction of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This trade represents a 12.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 147,532 shares of company stock valued at $38,417,208 in the last quarter. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BR. Needham & Company LLC increased their target price on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. DA Davidson reaffirmed a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday, October 8th. Morgan Stanley increased their price target on shares of 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. Finally, UBS Group increased their price target on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $265.67.

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.