Global Retirement Partners LLC Has $477,000 Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Global Retirement Partners LLC trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 18.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,217 shares of the business services provider’s stock after selling 513 shares during the period. Global Retirement Partners LLC’s holdings in Broadridge Financial Solutions were worth $477,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at about $151,000. Transform Wealth LLC lifted its stake in Broadridge Financial Solutions by 1.6% in the 3rd quarter. Transform Wealth LLC now owns 40,352 shares of the business services provider’s stock valued at $8,711,000 after purchasing an additional 618 shares during the last quarter. Piscataqua Savings Bank lifted its stake in Broadridge Financial Solutions by 88.0% in the 3rd quarter. Piscataqua Savings Bank now owns 235 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 110 shares during the last quarter. Swedbank AB lifted its stake in Broadridge Financial Solutions by 2.9% in the 3rd quarter. Swedbank AB now owns 25,135 shares of the business services provider’s stock valued at $5,405,000 after purchasing an additional 715 shares during the last quarter. Finally, NBC Securities Inc. lifted its stake in Broadridge Financial Solutions by 0.8% in the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after purchasing an additional 45 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In related news, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the transaction, the chief executive officer now directly owns 200,675 shares of the company’s stock, valued at $41,963,149.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Timothy C. Gokey sold 25,000 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the transaction, the chief executive officer now directly owns 200,675 shares of the company’s stock, valued at $41,963,149.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Christopher John Perry sold 17,534 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, September 10th. The shares were 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 directly owns 50,237 shares in the company, valued at $10,721,078.17. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,386 shares of company stock valued at $28,112,824 over the last three months. 1.60% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Down 0.1 %

Shares of BR opened at $218.84 on Tuesday. Broadridge Financial Solutions, Inc. has a 12 month low of $166.73 and a 12 month high of $224.32. The firm’s 50 day moving average is $212.64 and its 200-day moving average is $205.19. The stock has a market capitalization of $25.86 billion, a PE ratio of 37.35 and a beta of 1.05. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55.

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

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.61%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 60.07%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $213.33.

About Broadridge Financial Solutions

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.