Broadridge Financial Solutions Reaches New 52-Week High at $42.46 (BR)
Broadridge Financial Solutions (NYSE:BR)’s share price hit a new 52-week high during trading on Friday , Analyst Ratings.Net reports. The stock traded as high as $42.46 and last traded at $42.42, with a volume of 130,479 shares trading hands. The stock had previously closed at $42.23.
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, 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $42.00.
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 $5.043 billion and a P/E ratio of 19.92.
Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Thursday, August 7th. The company reported $1.17 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that Broadridge Financial Solutions will post $2.48 earnings per share 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 2.56%. 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.
In other Broadridge Financial Solutions news, VP Gerard F. Scavelli sold 36,200 shares of the company’s stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $42.02, for a total transaction of $1,521,124.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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