Broadridge Financial Solutions VP Gerard F. Scavelli Sells 36,200 Shares (BR)
Broadridge Financial Solutions (NYSE:BR) VP Gerard F. Scavelli unloaded 36,200 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $42.02, for a total transaction of $1,521,124.00. Following the sale, the vice president now directly owns 47,824 shares of the company’s stock, valued at approximately $2,009,564. The transaction was disclosed in a filing with the SEC, which is available at this link.
Broadridge Financial Solutions (NYSE:BR) traded up 0.48% during mid-day trading on Thursday, hitting $42.23. 433,887 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 $40.93 and a 200-day moving average of $39.07. The company has a market cap of $5.048 billion and a price-to-earnings ratio of 19.83.
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. 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 2.56%. 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, August 13th. 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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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