Broadridge Financial Solutions VP Maryjo Charbonnier Sells 16,900 Shares (BR)
Broadridge Financial Solutions (NYSE:BR) VP Maryjo Charbonnier sold 16,900 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $40.71, for a total transaction of $687,999.00. Following the completion of the transaction, the vice president now directly owns 22,134 shares in the company, valued at approximately $901,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Broadridge Financial Solutions (NYSE:BR) traded up 0.15% during mid-day trading on Friday, hitting $40.81. 714,938 shares of the company’s stock traded hands. Broadridge Financial Solutions has a 1-year low of $29.22 and a 1-year 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 $4.878 billion and a P/E ratio of 19.22.
Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results 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 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.
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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $42.00.
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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