Broadridge Financial Solutions, Inc. (NYSE:BR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $222.43.

A number of equities research analysts recently weighed in on BR shares. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Morgan Stanley boosted their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th.

Insiders Place Their Bets

In related news, Director Maura A. Markus sold 3,880 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the sale, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the sale, the vice president now directly owns 12,689 shares of the company’s stock, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,294 shares of company stock worth $16,944,095. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tidal Investments LLC raised its holdings in shares of Broadridge Financial Solutions by 43.7% during the third quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider’s stock valued at $3,290,000 after acquiring an additional 4,654 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Broadridge Financial Solutions during the 3rd quarter worth approximately $3,530,000. World Investment Advisors LLC raised its stake in Broadridge Financial Solutions by 10.9% during the 3rd quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider’s stock valued at $909,000 after purchasing an additional 416 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 26.2% in the third quarter. Sanctuary Advisors LLC now owns 18,098 shares of the business services provider’s stock valued at $4,167,000 after purchasing an additional 3,761 shares in the last quarter. Finally, Unigestion Holding SA boosted its position in shares of Broadridge Financial Solutions by 20.3% in the third quarter. Unigestion Holding SA now owns 5,215 shares of the business services provider’s stock worth $1,121,000 after buying an additional 880 shares during the period. Institutional investors and hedge funds own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR stock opened at $236.47 on Wednesday. The stock’s 50 day moving average is $217.92 and its two-hundred day moving average is $209.55. Broadridge Financial Solutions has a 52-week low of $185.41 and a 52-week high of $236.50. The company has a market capitalization of $27.64 billion, a PE ratio of 40.91 and a beta of 1.05. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.09 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. Analysts predict that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a $0.88 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. Broadridge Financial Solutions’s dividend payout ratio is presently 60.90%.

Broadridge Financial Solutions Company 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.