Share on StockTwits

Broadridge Financial Solutions (NYSE:BR) VP Adam D. Amsterdam sold 175,700 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $40.27, for a total value of $7,075,439.00. Following the transaction, the vice president now directly owns 41,260 shares of the company’s stock, valued at approximately $1,661,540. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $42.00.

Shares of Broadridge Financial Solutions (NYSE:BR) traded up 0.12% on Friday, hitting $40.80. The stock had a trading volume of 434,260 shares. Broadridge Financial Solutions has a 52-week low of $29.22 and a 52-week high of $42.32. The stock’s 50-day moving average is $40.89 and its 200-day moving average is $38.89. The company has a market cap of $4.877 billion and a P/E ratio of 19.22.

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 last year, the company posted $1.15 earnings per share. Broadridge Financial Solutions’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that Broadridge Financial Solutions will post $2.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase 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.

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.