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

Broadridge Financial Solutions, Inc. (NYSE:BR) has earned an average rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $226.71.

Several research firms have weighed in on BR. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. DA Davidson lifted their price target on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th.

Broadridge Financial Solutions Price Performance

BR opened at $226.37 on Friday. The stock has a market capitalization of $26.46 billion, a P/E ratio of 39.16 and a beta of 1.07. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions has a 12-month low of $188.30 and a 12-month high of $237.96. The stock has a 50-day moving average price of $226.01 and a 200-day moving average price of $214.77.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.03. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business earned $1.09 earnings per share. Equities analysts predict that Broadridge Financial Solutions will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Activity at Broadridge Financial Solutions

In other news, Director Maura A. Markus sold 3,880 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the transaction, the director now owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the sale, the vice president now owns 12,689 shares in the company, valued at $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock worth $12,264,846 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Broadridge Financial Solutions during the 3rd quarter valued at approximately $44,746,000. Assenagon Asset Management S.A. grew its stake in shares of Broadridge Financial Solutions by 3,197.8% in the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider’s stock worth $43,945,000 after acquiring an additional 198,169 shares during the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Broadridge Financial Solutions by 2,302.8% during the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock valued at $31,618,000 after acquiring an additional 140,886 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth about $274,650,000. Finally, BNP Paribas Financial Markets raised its position in shares of Broadridge Financial Solutions by 97.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider’s stock worth $42,765,000 after purchasing an additional 98,275 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

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.