Rathbones Group PLC Sells 5,858 Shares of Broadridge Financial Solutions, Inc. $BR

Rathbones Group PLC trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,580 shares of the business services provider’s stock after selling 5,858 shares during the quarter. Rathbones Group PLC owned 0.37% of Broadridge Financial Solutions worth $104,887,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BR. NewSquare Capital LLC boosted its stake in Broadridge Financial Solutions by 89.5% in the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after buying an additional 51 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Broadridge Financial Solutions by 360.0% during the second quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 90 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake 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 purchasing an additional 57 shares in the last quarter. Bank of Jackson Hole Trust grew its holdings 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 worth $30,000 after purchasing an additional 64 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Broadridge Financial Solutions by 450.0% during 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. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Up 2.0%

NYSE:BR opened at $221.83 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.98 and a current ratio of 0.93. Broadridge Financial Solutions, Inc. has a 52-week low of $212.33 and a 52-week high of $271.91. The company has a market cap of $25.89 billion, a price-to-earnings ratio of 28.40 and a beta of 0.96. The stock’s fifty day moving average price is $236.59 and its two-hundred day moving average price is $241.77.

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 43.28% and a net margin of 13.11%.The firm had revenue of $1.05 billion during the quarter. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their price target 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 reissued a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, October 28th. UBS Group increased their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research report on Wednesday. Finally, Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $264.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of the company’s stock in a transaction dated 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 completion of the sale, the president directly owned 48,813 shares of the company’s stock, valued at $12,824,151.36. This represents a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Timothy C. Gokey sold 5,674 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $258.37, for a total transaction of $1,465,991.38. Following the transaction, the chief executive officer directly owned 143,285 shares in the company, valued at $37,020,545.45. The trade was a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 147,532 shares of company stock valued at $38,417,208 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.