Broadridge Financial Solutions, Inc. $BR Stock Sold by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC cut its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,981 shares of the business services provider’s stock after selling 13,020 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Broadridge Financial Solutions were worth $2,413,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BR. Security National Bank of SO Dak acquired a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at approximately $26,000. Markowski Investments purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $27,000. Valley Wealth Managers Inc. increased its stake in Broadridge Financial Solutions by 230.8% in the 3rd quarter. Valley Wealth Managers Inc. now owns 172 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in Broadridge Financial Solutions in the 2nd quarter valued at approximately $29,000. Finally, Jones Financial Companies Lllp acquired a new position in Broadridge Financial Solutions during the second quarter worth $33,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas Carey sold 2,501 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the sale, the vice president directly owned 8,800 shares in the company, valued at $1,405,888. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BR shares. UBS Group reiterated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. Morgan Stanley raised their price target on Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 4th. Royal Bank Of Canada lifted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday, November 4th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.71.

Broadridge Financial Solutions Trading Up 0.9%

Shares of BR opened at $192.15 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.21 and a quick ratio of 1.24. Broadridge Financial Solutions, Inc. has a 1-year low of $133.83 and a 1-year high of $233.10. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 21.23 and a beta of 0.90. The firm has a 50 day simple moving average of $172.30 and a 200-day simple moving average of $165.77.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the company earned $1.51 EPS. Broadridge Financial Solutions’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 10.58 EPS for the current fiscal year.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions provides technology and operations services to financial institutions, public companies, and investors. Its platforms support investor communications, corporate governance, and the processing of financial transactions.

The company’s services include preparing and distributing proxy materials and other shareholder communications, supporting shareholder voting, and providing solutions for trading, clearing, settlement, and asset servicing. Broadridge also offers technology for wealth and investment management, including portfolio and account management, data, and regulatory reporting.

Broadridge was established in 2007 as a spin-off from Automatic Data Processing (ADP).