Analysts Set Broadridge Financial Solutions, Inc. (NYSE:BR) Target Price at $239.17

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $239.17.

BR has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Wolfe Research reiterated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Finally, Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. The trade was a 25.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares of the company’s stock, valued at $2,797,466.72. The trade was a 56.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,666 shares of company stock valued at $5,050,766. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Westpac Banking Corp increased its stake in shares of Broadridge Financial Solutions by 2.2% in the 4th quarter. Westpac Banking Corp now owns 19,688 shares of the business services provider’s stock worth $4,451,000 after acquiring an additional 428 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in Broadridge Financial Solutions by 4.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock worth $224,000 after purchasing an additional 46 shares during the period. Geode Capital Management LLC increased its stake in shares of Broadridge Financial Solutions by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 3,037,015 shares of the business services provider’s stock valued at $684,971,000 after purchasing an additional 37,141 shares in the last quarter. HighPoint Advisor Group LLC lifted its holdings in shares of Broadridge Financial Solutions by 6.9% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,838 shares of the business services provider’s stock valued at $1,169,000 after purchasing an additional 314 shares during the last quarter. Finally, Summit Financial LLC boosted its position in shares of Broadridge Financial Solutions by 16.9% in the 4th quarter. Summit Financial LLC now owns 5,272 shares of the business services provider’s stock worth $1,197,000 after purchasing an additional 761 shares in the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Trading Up 0.4 %

NYSE:BR opened at $242.53 on Monday. Broadridge Financial Solutions has a 1 year low of $188.30 and a 1 year high of $243.00. The stock’s fifty day moving average price is $232.26 and its two-hundred day moving average price is $222.18. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.39. The company has a market cap of $28.38 billion, a P/E ratio of 37.95 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the company posted $0.92 earnings per share. As a group, analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 55.09%.

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.