Motley Fool Wealth Management LLC Sells 7,558 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Motley Fool Wealth Management LLC lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.0% in the 4th quarter, Holdings Channel reports. The fund owned 117,693 shares of the business services provider’s stock after selling 7,558 shares during the quarter. Broadridge Financial Solutions accounts for 1.3% of Motley Fool Wealth Management LLC’s holdings, making the stock its 21st biggest holding. Motley Fool Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $24,174,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BR. Stifel Financial Corp increased its position in Broadridge Financial Solutions by 1,700.7% during the 3rd quarter. Stifel Financial Corp now owns 1,542,507 shares of the business services provider’s stock valued at $276,194,000 after buying an additional 1,456,847 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Broadridge Financial Solutions by 124.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 687,830 shares of the business services provider’s stock valued at $123,156,000 after buying an additional 381,882 shares in the last quarter. International Assets Investment Management LLC bought a new position in Broadridge Financial Solutions during the 4th quarter valued at approximately $227,750,000. Assenagon Asset Management S.A. increased its position in Broadridge Financial Solutions by 1,865.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 93,363 shares of the business services provider’s stock valued at $19,209,000 after buying an additional 88,613 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Broadridge Financial Solutions by 307.8% during the 3rd quarter. HighTower Advisors LLC now owns 110,691 shares of the business services provider’s stock valued at $19,833,000 after buying an additional 83,546 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 12,200 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares in the company, valued at approximately $6,648,980.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Douglas Richard Deschutter sold 12,200 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares of the company’s stock, valued at approximately $6,648,980.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas P. Carey sold 12,731 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 13,303 shares in the company, valued at $2,674,169.06. 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 ninety days. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BR. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, April 10th. Raymond James increased their target price on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI reiterated an “outperform” rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, March 26th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average target price of $206.67.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $1.41 on Friday, reaching $194.15. The stock had a trading volume of 211,848 shares, compared to its average volume of 369,147. The stock has a market cap of $22.87 billion, a P/E ratio of 33.82 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 1 year low of $140.06 and a 1 year high of $210.24. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. The company has a 50 day simple moving average of $200.54 and a 200 day simple moving average of $194.55.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 55.75%.

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.