Intrust Bank NA Sells 218 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Intrust Bank NA lessened its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,133 shares of the business services provider’s stock after selling 218 shares during the period. Intrust Bank NA’s holdings in Broadridge Financial Solutions were worth $3,731,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Procyon Advisors LLC grew its position in Broadridge Financial Solutions by 2.3% during the fourth quarter. Procyon Advisors LLC now owns 2,319 shares of the business services provider’s stock valued at $477,000 after buying an additional 52 shares during the period. Optas LLC lifted its holdings in Broadridge Financial Solutions by 3.8% during the fourth quarter. Optas LLC now owns 1,565 shares of the business services provider’s stock valued at $322,000 after purchasing an additional 57 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Broadridge Financial Solutions by 3.8% in the fourth quarter. Signaturefd LLC now owns 1,596 shares of the business services provider’s stock worth $328,000 after buying an additional 58 shares in the last quarter. Teamwork Financial Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 1.6% in the fourth quarter. Teamwork Financial Advisors LLC now owns 4,090 shares of the business services provider’s stock worth $841,000 after buying an additional 63 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 1.6% in the fourth quarter. Tributary Capital Management LLC now owns 4,372 shares of the business services provider’s stock worth $900,000 after buying an additional 68 shares in the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Up 1.1 %

BR traded up $2.14 on Monday, reaching $196.29. The company’s stock had a trading volume of 315,243 shares, compared to its average volume of 496,658. The stock has a 50 day moving average of $200.54 and a two-hundred day moving average of $194.72. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.77. The company has a market capitalization of $23.12 billion, a price-to-earnings ratio of 34.13 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a fifty-two week low of $143.95 and a fifty-two week high of $210.24.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $1.41 billion during 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 firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 earnings per share. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Thursday, March 14th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.75%.

Insider Activity

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 22,722 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total value of $4,521,678.00. Following the completion of the transaction, the insider now owns 44,680 shares in the company, valued at $8,891,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Douglas Richard Deschutter sold 22,722 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the completion of the sale, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert N. Duelks sold 830 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the sale, the director now owns 5,445 shares of the company’s stock, valued at approximately $1,097,603.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,483 shares of company stock valued at $9,745,637. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

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.