Tilia Fiduciary Partners Inc. Buys 692 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Tilia Fiduciary Partners Inc. raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 11,716 shares of the business services provider’s stock after purchasing an additional 692 shares during the period. Broadridge Financial Solutions accounts for about 1.7% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 17th biggest holding. Tilia Fiduciary Partners Inc.’s holdings in Broadridge Financial Solutions were worth $2,519,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EdgeRock Capital LLC bought a new stake in shares of Broadridge Financial Solutions during the 2nd quarter valued at $32,000. Rothschild Investment LLC bought a new stake in Broadridge Financial Solutions during the second quarter valued at about $32,000. New Covenant Trust Company N.A. purchased a new position in shares of Broadridge Financial Solutions in the first quarter valued at about $34,000. Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions in the second quarter worth about $37,000. Finally, McClarren Financial Advisors Inc. grew its position in shares of Broadridge Financial Solutions by 65.5% during the second quarter. McClarren Financial Advisors Inc. now owns 197 shares of the business services provider’s stock worth $39,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $2.83 during trading hours on Wednesday, reaching $219.64. The company’s stock had a trading volume of 56,558 shares, compared to its average volume of 526,447. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08. Broadridge Financial Solutions, Inc. has a one year low of $166.73 and a one year high of $223.81. The firm has a 50 day moving average price of $211.78 and a 200-day moving average price of $204.24. The stock has a market cap of $25.96 billion, a P/E ratio of 37.00 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.01. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $3.21 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.60%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BR. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada lifted their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $185.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $213.33.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 17,534 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, President Christopher John Perry sold 17,534 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total value of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares in the company, valued at approximately $10,721,078.17. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the sale, the vice president now owns 5,530 shares of the company’s stock, valued at $1,194,480. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is currently owned by 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.