LGT Financial Advisors LLC Sells 122 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

LGT Financial Advisors LLC lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 34.6% in the third quarter, Holdings Channel reports. The firm owned 231 shares of the business services provider’s stock after selling 122 shares during the period. LGT Financial Advisors LLC’s holdings in Broadridge Financial Solutions were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BR. Bogart Wealth LLC boosted its holdings in shares of Broadridge Financial Solutions by 384.0% during the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after buying an additional 96 shares during the period. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions during the 2nd quarter worth $32,000. Rothschild Investment LLC bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Finally, Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions in the second quarter worth about $37,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on BR shares. Morgan Stanley increased their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $217.83.

Broadridge Financial Solutions Stock Performance

BR opened at $219.32 on Thursday. The stock’s 50 day simple moving average is $213.86 and its 200-day simple moving average is $206.59. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. The stock has a market cap of $25.64 billion, a PE ratio of 37.43 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1 year low of $175.21 and a 1 year high of $225.29.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the sale, the president now directly owns 50,237 shares in the company, valued at $10,721,078.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction on Monday, August 26th. The shares were sold at an average price of $210.05, for a total value of $1,205,476.95. Following the transaction, the director now directly owns 77,318 shares of the company’s stock, valued at approximately $16,240,645.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,713 shares of company stock valued at $27,967,456 over the last quarter. 1.30% of the stock is owned by company insiders.

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.