Broadridge Financial Solutions, Inc. (NYSE:BR) Given Average Rating of “Hold” by Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $206.67.

A number of research analysts have issued reports on BR shares. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James boosted their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. DA Davidson reissued a “neutral” rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their target price on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Finally, Evercore ISI reissued an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th.

Insiders Place Their Bets

In related news, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total value of $2,559,185.62. Following the sale, the vice president now directly owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the completion of the sale, the insider now directly owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 12,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the completion of the sale, the vice president now directly owns 13,303 shares of the company’s stock, valued at $2,674,169.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,483 shares of company stock worth $9,745,637. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Broadridge Financial Solutions

Several large investors have recently modified their holdings of BR. Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after buying an additional 110,886 shares in the last quarter. Morgan Stanley raised its stake in shares of Broadridge Financial Solutions by 41.0% in the 4th quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider’s stock valued at $944,766,000 after buying an additional 2,048,184 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Broadridge Financial Solutions by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,140,017 shares of the business services provider’s stock valued at $851,809,000 after buying an additional 314,004 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Broadridge Financial Solutions by 1.5% in the 1st quarter. Geode Capital Management LLC now owns 2,519,784 shares of the business services provider’s stock valued at $368,593,000 after buying an additional 37,989 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Broadridge Financial Solutions by 85.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider’s stock valued at $299,219,000 after buying an additional 1,025,907 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Trading Down 1.6 %

NYSE BR opened at $195.67 on Tuesday. Broadridge Financial Solutions has a one year low of $139.52 and a one year high of $210.24. The company has a 50-day simple moving average of $201.16 and a 200-day simple moving average of $193.79. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $23.04 billion, a PE ratio of 34.09 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.40 billion. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 EPS. On average, equities analysts forecast that Broadridge Financial Solutions will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.64%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.75%.

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.