Great Valley Advisor Group Inc. Purchases New Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Great Valley Advisor Group Inc. purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,063 shares of the business services provider’s stock, valued at approximately $219,000.

A number of other hedge funds have also recently modified their holdings of BR. Nordea Investment Management AB grew its stake in shares of Broadridge Financial Solutions by 680.1% in the fourth quarter. Nordea Investment Management AB now owns 85,325 shares of the business services provider’s stock worth $17,584,000 after purchasing an additional 74,387 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $227,750,000. Crown Oak Advisors LLC purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $7,032,000. Comerica Bank bought a new position in shares of Broadridge Financial Solutions during the third quarter valued at approximately $8,116,000. Finally, Cornercap Investment Counsel Inc. purchased a new stake in Broadridge Financial Solutions in the fourth quarter worth $1,089,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $200.68 on Tuesday. The business has a fifty day moving average price of $200.26 and a 200-day moving average price of $195.46. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market capitalization of $23.63 billion, a PE ratio of 34.96 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1-year low of $144.54 and a 1-year high of $210.24.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.75%.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 12,731 shares of the company’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 value of $2,559,185.62. Following the transaction, the vice president now directly owns 13,303 shares of the company’s stock, valued at approximately $2,674,169.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at approximately $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Douglas Richard Deschutter sold 12,200 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, the insider now owns 32,480 shares of the company’s stock, valued at $6,648,980.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,761 shares of company stock worth $5,223,959. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BR shares. Evercore ISI restated an “outperform” rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Raymond James raised their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson reiterated a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.67.

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.