951 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Bought by McAdam LLC

McAdam LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 951 shares of the business services provider’s stock, valued at approximately $215,000.

Other hedge funds also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC bought a new position in Broadridge Financial Solutions in the fourth quarter valued at about $305,000. DAVENPORT & Co LLC boosted its stake in shares of Broadridge Financial Solutions by 6.5% during the fourth quarter. DAVENPORT & Co LLC now owns 1,475 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 90 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $216,000. Independence Bank of Kentucky boosted its stake in shares of Broadridge Financial Solutions by 1,815.8% during the fourth quarter. Independence Bank of Kentucky now owns 1,820 shares of the business services provider’s stock valued at $411,000 after purchasing an additional 1,725 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Broadridge Financial Solutions by 14.5% during the fourth quarter. Chicago Partners Investment Group LLC now owns 1,140 shares of the business services provider’s stock valued at $262,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.2 %

NYSE BR opened at $238.72 on Tuesday. The company has a market cap of $27.90 billion, a price-to-earnings ratio of 37.36 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $241.45. The business has a 50 day moving average price of $231.37 and a 200-day moving average price of $220.56. The company has a quick ratio of 1.39, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.88 per share. The ex-dividend date was Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. Broadridge Financial Solutions’s dividend payout ratio is 55.09%.

Analyst Upgrades and Downgrades

BR has been the topic of a number of recent research reports. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Morgan Stanley lifted their price objective on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank of Canada lifted their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, UBS Group lifted their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Monday. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $239.17.

Insider Activity

In related news, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction 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 sale, the director now owns 27,788 shares of the company’s stock, valued at $6,308,431.76. This trade represents a 12.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock worth $12,264,846 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.

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.