Broadridge Financial Solutions VP Adam D. Amsterdam Sells 175,700 Shares (BR)
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 transaction of $7,075,439.00. Following the completion of the sale, the vice president now directly owns 41,260 shares in the company, valued at approximately $1,661,540. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Broadridge Financial Solutions (NYSE:BR) traded up 0.17% during mid-day trading on Friday, hitting $40.82. 856,346 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 has a 50-day moving average of $40.89 and a 200-day moving average of $38.92. The company has a market cap of $4.879 billion and a P/E ratio of 19.22.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, August 7th. The company reported $1.17 earnings per share for the quarter, beating the analysts’ 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 announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders 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 2.65%. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.21.
A number of analysts have recently weighed in on BR shares. 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 stock. The stock presently has a consensus 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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