Insider Selling: Broadridge Financial Solutions CEO Sells 56,052 Shares of Stock (BR)
Broadridge Financial Solutions (NYSE:BR) CEO Richard J. Daly unloaded 56,052 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $37.24, for a total transaction of $2,087,376.48. Following the sale, the chief executive officer now directly owns 255,464 shares in the company, valued at approximately $9,513,479. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.70.
Broadridge Financial Solutions (NYSE:BR) traded down 0.05% on Thursday, hitting $37.44. The stock had a trading volume of 95,879 shares. Broadridge Financial Solutions has a 1-year low of $22.66 and a 1-year high of $40.36. The stock has a 50-day moving average of $37.26 and a 200-day moving average of $35.14. The company has a market cap of $4.472 billion and a P/E ratio of 18.63.
Broadridge Financial Solutions (NYSE:BR) last released its earnings data on Thursday, February 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Analysts expect that Broadridge Financial Solutions will post $2.23 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 2.24%. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.