Broadridge Financial Solutions VP Sells $533,623 in Stock (BR)
Broadridge Financial Solutions (NYSE:BR) VP Adam D. Amsterdam unloaded 14,395 shares of the company’s stock on the open market in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $37.07, for a total value of $533,622.65. Following the completion of the transaction, the vice president now directly owns 35,166 shares in the company, valued at approximately $1,303,604. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Keefe, Bruyette & Woods upgraded shares of Broadridge Financial Solutions from a “market perform” rating to an “outperform” rating in a research note on Thursday, December 12th. They now have a $46.00 price target on the stock, up previously from $38.00. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $34.70.
Broadridge Financial Solutions (NYSE:BR) traded down 0.24% on Thursday, hitting $37.18. 98,844 shares of the company’s stock traded hands. Broadridge Financial Solutions has a 52 week low of $22.33 and a 52 week high of $40.36. The stock’s 50-day moving average is $37.83 and its 200-day moving average is $34.58. The company has a market cap of $4.441 billion and a price-to-earnings ratio of 18.53.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, February 6th. The company reported $0.25 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.25. The company had revenue of $521.00 million for the quarter, compared to the consensus estimate of $515.90 million. During the same quarter last year, the company posted $0.17 earnings per share. Broadridge Financial Solutions’s revenue was up 5.7% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions will post $2.26 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, March 12th.
Broadridge Financial Solutions, Inc (NYSE:BR) is a global provider of investor communications and technology-driven solutions to banks/broker-dealers, mutual funds and corporate issuers.
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