Broadridge Financial Solutions Inc. (NYSE:BR) insider Richard J. Daly sold 244,935 shares of the firm’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $69.36, for a total transaction of $16,988,691.60. Following the completion of the transaction, the insider now owns 226,507 shares in the company, valued at approximately $15,710,525.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Broadridge Financial Solutions Inc. (NYSE:BR) opened at 67.79 on Monday. The stock has a market cap of $8.02 billion, a price-to-earnings ratio of 26.79 and a beta of 1.04. The stock’s 50 day moving average is $68.89 and its 200-day moving average is $64.47. Broadridge Financial Solutions Inc. has a 1-year low of $48.56 and a 1-year high of $71.74.
Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, August 9th. The company reported $1.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.45. Broadridge Financial Solutions had a return on equity of 34.79% and a net margin of 10.61%. The company had revenue of $975 million for the quarter, compared to analysts’ expectations of $991.13 million. During the same quarter in the previous year, the business posted $1.40 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts anticipate that Broadridge Financial Solutions Inc. will post $3.14 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.95%. The ex-dividend date was Tuesday, September 13th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.30. Broadridge Financial Solutions’s payout ratio is 52.17%.
BR has been the topic of several research reports. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “hold” rating to a “sell” rating in a report on Monday, September 26th. Barclays PLC raised their price target on shares of Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a report on Wednesday, August 10th. Sandler O’Neill lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating and set a $74.00 price target on the stock. in a report on Thursday. Atlantic Securities initiated coverage on shares of Broadridge Financial Solutions in a report on Tuesday, September 13th. They issued an “overweight” rating and a $82.00 price target on the stock. Finally, Avondale Partners lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price target on the stock. in a report on Wednesday, June 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $72.60.
Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. boosted its position in Broadridge Financial Solutions by 12.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,574 shares of the company’s stock valued at $103,000 after buying an additional 176 shares during the period. IFP Advisors Inc boosted its stake in shares of Broadridge Financial Solutions by 64.5% in the first quarter. IFP Advisors Inc now owns 2,254 shares of the company’s stock valued at $134,000 after buying an additional 884 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of Broadridge Financial Solutions by 214.8% in the second quarter. Integrated Investment Consultants LLC now owns 2,125 shares of the company’s stock valued at $139,000 after buying an additional 1,450 shares during the last quarter. Capital Guardian Trust Co. boosted its stake in shares of Broadridge Financial Solutions by 13.4% in the second quarter. Capital Guardian Trust Co. now owns 2,525 shares of the company’s stock valued at $165,000 after buying an additional 299 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at approximately $173,000. 87.38% of the stock is currently owned by institutional investors.
Broadridge Financial Solutions Company Profile
Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade and post-trade processing.
Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.