Broadridge Financial Solutions Inc. (NYSE:BR) insider Richard J. Daly sold 103,823 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $68.80, for a total transaction of $7,143,022.40. Following the completion of the transaction, the insider now owns 257,133 shares of the company’s stock, valued at $17,690,750.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Broadridge Financial Solutions Inc. (NYSE:BR) opened at 69.52 on Thursday. The firm has a 50-day moving average of $68.86 and a 200 day moving average of $63.91. Broadridge Financial Solutions Inc. has a one year low of $48.56 and a one year high of $71.74. The company has a market capitalization of $8.22 billion, a P/E ratio of 27.48 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 9th. The company reported $1.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.45. The firm had revenue of $975 million for the quarter, compared to the consensus estimate of $991.13 million. Broadridge Financial Solutions had a net margin of 10.61% and a return on equity of 34.79%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.40 earnings per share. On average, equities analysts forecast that Broadridge Financial Solutions Inc. will post $3.14 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Tuesday, September 13th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.30. Broadridge Financial Solutions’s dividend payout ratio is currently 52.17%.

A number of research analysts recently weighed in on the stock. Barclays PLC lifted their price objective on shares of Broadridge Financial Solutions from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 10th. Atlantic Securities assumed coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, September 13th. They issued an “overweight” rating and a $82.00 price objective for the company. Zacks Investment Research lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Avondale Partners lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating and set a $65.00 price objective for the company. in a research note on Wednesday, June 15th. Finally, Raymond James Financial Inc. lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 7th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $72.25.

Several hedge funds and other institutional investors have recently modified their holdings of BR. Norges Bank bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth $63,722,000. Apex Capital Management bought a new position in shares of Broadridge Financial Solutions during the first quarter worth $35,868,000. Aperio Group LLC increased its position in shares of Broadridge Financial Solutions by 12.5% in the first quarter. Aperio Group LLC now owns 59,194 shares of the company’s stock worth $3,511,000 after buying an additional 6,583 shares during the period. IFP Advisors Inc increased its position in shares of Broadridge Financial Solutions by 64.5% in the first quarter. IFP Advisors Inc now owns 2,254 shares of the company’s stock worth $134,000 after buying an additional 884 shares during the period. Finally, Lakeview Capital Partners LLC increased its position in shares of Broadridge Financial Solutions by 1.8% in the first quarter. Lakeview Capital Partners LLC now owns 15,728 shares of the company’s stock worth $933,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 87.35% of the company’s stock.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (Broadridge) is a provider of investor communications and technology-driven solutions to banks, broker-dealers, mutual funds and corporate issuers. The Company delivers a range of solutions that help its clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade and post-trade processing.

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