Broadridge Financial Solutions, Inc. (NYSE:BR) Stock Position Raised by FineMark National Bank & Trust

FineMark National Bank & Trust lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,425 shares of the business services provider’s stock after acquiring an additional 273 shares during the quarter. FineMark National Bank & Trust’s holdings in Broadridge Financial Solutions were worth $10,992,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stuart Chaussee & Associates Inc. acquired a new position in Broadridge Financial Solutions in the 4th quarter worth about $34,000. Manchester Capital Management LLC increased its holdings in Broadridge Financial Solutions by 57.1% in the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after buying an additional 60 shares during the last quarter. Headinvest LLC bought a new position in Broadridge Financial Solutions during the third quarter valued at approximately $32,000. BKM Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $37,000. Finally, First Command Advisory Services Inc. bought a new stake in Broadridge Financial Solutions in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BR. StockNews.com downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Sunday, May 12th. Evercore ISI reaffirmed an “outperform” rating and issued a $230.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Raymond James increased their price objective on Broadridge Financial Solutions from $205.00 to $214.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. DA Davidson restated a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Finally, Royal Bank of Canada increased their price target on Broadridge Financial Solutions from $212.00 to $239.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $206.67.

Broadridge Financial Solutions Stock Performance

BR traded down $2.94 during midday trading on Thursday, reaching $201.02. The company’s stock had a trading volume of 322,425 shares, compared to its average volume of 501,300. Broadridge Financial Solutions, Inc. has a twelve month low of $144.54 and a twelve month high of $210.24. The stock has a market cap of $23.76 billion, a P/E ratio of 34.81 and a beta of 0.98. The company has a fifty day simple moving average of $199.37 and a 200 day simple moving average of $197.59. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm posted $2.05 EPS. The company’s revenue was up 4.9% compared to the same quarter last year. Research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be given a $0.80 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.59%. Broadridge Financial Solutions’s dividend payout ratio is currently 54.61%.

Insider Transactions at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 830 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total value of $167,311.40. Following the completion of the transaction, the director now directly owns 5,445 shares in the company, valued at $1,097,603.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Thomas P. Carey sold 2,500 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the sale, the vice president now owns 9,361 shares of the company’s stock, valued at approximately $1,875,944.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert N. Duelks sold 830 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $201.58, for a total transaction of $167,311.40. Following the completion of the transaction, the director now owns 5,445 shares in the company, valued at $1,097,603.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,261 shares of company stock valued at $5,724,959. 1.60% of the stock is owned by corporate 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.