Broadridge Financial Solutions VP Charles J. Marchesani Unloads 54,600 Shares (BR)
Broadridge Financial Solutions (NYSE:BR) VP Charles J. Marchesani sold 54,600 shares of Broadridge Financial Solutions stock on the open market in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $40.19, for a total value of $2,194,374.00. Following the completion of the sale, the vice president now directly owns 31,289 shares of the company’s stock, valued at approximately $1,257,505. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
BR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Broadridge Financial Solutions in a research note on Wednesday. They now have a $45.00 price target on the stock, up previously from $41.00. Analysts at Raymond James initiated coverage on shares of Broadridge Financial Solutions in a research note on Wednesday, July 23rd. They set an “outperform” rating and a $46.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Broadridge Financial Solutions presently has an average rating of “Hold” and an average target price of $42.00.
Broadridge Financial Solutions (NYSE:BR) traded up 0.59% during mid-day trading on Thursday, hitting $40.74. 435,337 shares of the company’s stock traded hands. Broadridge Financial Solutions has a one year low of $29.22 and a one year high of $42.32. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $38.87. The company has a market cap of $4.870 billion and a P/E ratio of 19.10.
Broadridge Financial Solutions (NYSE:BR) last released its earnings data on Thursday, August 7th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.16 by $0.01. The company had revenue of $885.90 million for the quarter, compared to the consensus estimate of $878.70 million. During the same quarter in the prior year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Broadridge Financial Solutions will post $2.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, September 11th. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.21.
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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