Cwm LLC Acquires 431 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Cwm LLC boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,648 shares of the business services provider’s stock after buying an additional 431 shares during the period. Cwm LLC’s holdings in Broadridge Financial Solutions were worth $1,162,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new stake in Broadridge Financial Solutions during the third quarter valued at $25,000. Headinvest LLC bought a new stake in Broadridge Financial Solutions during the third quarter valued at $32,000. BKM Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at $37,000. First Command Advisory Services Inc. bought a new stake in Broadridge Financial Solutions during the third quarter valued at $34,000. Finally, Exchange Traded Concepts LLC bought a new stake in Broadridge Financial Solutions during the fourth quarter valued at $39,000. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Down 0.7 %

BR opened at $194.15 on Friday. The company has a market cap of $22.87 billion, a P/E ratio of 33.82 and a beta of 0.99. The business’s 50-day moving average price is $200.54 and its 200-day moving average price is $194.55. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.77. Broadridge Financial Solutions, Inc. has a 12 month low of $140.06 and a 12 month high of $210.24.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued 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 yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is presently 55.75%.

Analysts Set New Price Targets

Several research firms recently issued reports on BR. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. DA Davidson restated a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Raymond James raised their price target on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Evercore ISI restated an “outperform” rating and set a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and an average price target of $206.67.

Insider Activity at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 22,722 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total value of $4,521,678.00. Following the sale, the insider now directly owns 44,680 shares in the company, valued at $8,891,320. The disclosure for this sale can be found here. Insiders have sold a total of 48,483 shares of company stock worth $9,745,637 in the last 90 days. Company insiders own 1.60% 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.