Broadridge Financial Solutions, Inc. (NYSE:BR) Director Richard J. Haviland sold 7,655 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $88.51, for a total transaction of $677,544.05. Following the transaction, the director now owns 44,482 shares of the company’s stock, valued at approximately $3,937,101.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Broadridge Financial Solutions, Inc. (BR) traded up $0.09 during midday trading on Thursday, reaching $88.65. 434,600 shares of the company traded hands, compared to its average volume of 466,176. Broadridge Financial Solutions, Inc. has a one year low of $64.17 and a one year high of $91.75. The stock has a market cap of $10,321.89, a PE ratio of 26.59, a PEG ratio of 2.38 and a beta of 0.99. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.70 and a current ratio of 1.70.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.12. Broadridge Financial Solutions had a net margin of 8.22% and a return on equity of 40.17%. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $923.68 million. During the same quarter in the prior year, the company earned $0.36 EPS. Broadridge Financial Solutions’s revenue was up 3.4% compared to the same quarter last year. research analysts anticipate that Broadridge Financial Solutions, Inc. will post 3.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Friday, December 15th will be paid a dividend of $0.365 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.46 annualized dividend and a yield of 1.65%. Broadridge Financial Solutions’s dividend payout ratio is presently 50.87%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new stake in Broadridge Financial Solutions during the 2nd quarter valued at about $144,000. Acrospire Investment Management LLC purchased a new stake in Broadridge Financial Solutions during the 2nd quarter valued at about $108,000. Toronto Dominion Bank grew its stake in Broadridge Financial Solutions by 11.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 149 shares in the last quarter. Global X Management Co. LLC grew its stake in Broadridge Financial Solutions by 8.5% during the 2nd quarter. Global X Management Co. LLC now owns 1,533 shares of the business services provider’s stock valued at $116,000 after acquiring an additional 120 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Broadridge Financial Solutions by 82.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 706 shares in the last quarter. 83.54% of the stock is owned by institutional investors.

BR has been the subject of several research analyst reports. Barclays upped their price target on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a research report on Monday. ValuEngine downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, DA Davidson restated a “hold” rating and set a $86.00 price target on shares of Broadridge Financial Solutions in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $85.50.

TRADEMARK VIOLATION NOTICE: “Richard J. Haviland Sells 7,655 Shares of Broadridge Financial Solutions, Inc. (BR) Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/12/07/richard-j-haviland-sells-7655-shares-of-broadridge-financial-solutions-inc-br-stock.html.

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’s segments include Investor Communication Solutions, and Global Technology and Operations. The Company offers Bank/Broker-Dealer Investor Communication Solutions, Customer Communication Solutions, Corporate Issuer Solutions, Advisor Solutions and Mutual Fund and Retirement Solutions through Investor Communication Solutions segment.

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

Receive News & Ratings for Broadridge Financial Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.