Broadridge Financial Solutions, Inc. (NYSE:BR) insider Robert Schifellite sold 49,181 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $89.47, for a total transaction of $4,400,224.07. Following the completion of the sale, the insider now owns 149,181 shares in the company, valued at $13,347,224.07. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) traded up $0.26 during trading hours on Monday, reaching $89.53. 427,100 shares of the company traded hands, compared to its average volume of 465,953. Broadridge Financial Solutions, Inc. has a 12-month low of $64.57 and a 12-month high of $91.75. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $10,434.95, a price-to-earnings ratio of 26.89, a P/E/G ratio of 2.41 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings results on Wednesday, November 8th. The business services provider reported $0.54 EPS for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $925.00 million for the quarter, compared to analyst estimates of $923.68 million. During the same period last year, the business earned $0.36 EPS. Broadridge Financial Solutions’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts anticipate that Broadridge Financial Solutions, Inc. will post 3.72 EPS for the current fiscal year.

The business also recently declared 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 1.63%. Broadridge Financial Solutions’s dividend payout ratio is currently 50.87%.

A number of large investors have recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in Broadridge Financial Solutions by 1,647.4% during the 2nd quarter. Janus Henderson Group PLC now owns 7,181,963 shares of the business services provider’s stock worth $542,669,000 after purchasing an additional 6,770,958 shares during the last quarter. Jensen Investment Management Inc. purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth $77,899,000. Principal Financial Group Inc. grew its position in Broadridge Financial Solutions by 91.9% during the 2nd quarter. Principal Financial Group Inc. now owns 1,408,096 shares of the business services provider’s stock worth $106,396,000 after purchasing an additional 674,307 shares during the last quarter. Alta Capital Management LLC grew its position in Broadridge Financial Solutions by 133.0% during the 3rd quarter. Alta Capital Management LLC now owns 454,536 shares of the business services provider’s stock worth $36,735,000 after purchasing an additional 259,450 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in Broadridge Financial Solutions by 33.4% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 508,974 shares of the business services provider’s stock worth $38,458,000 after purchasing an additional 127,434 shares during the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.

BR has been the topic of a number of analyst reports. Barclays raised their price objective on shares of Broadridge Financial Solutions from $74.00 to $85.00 and gave the company an “equal weight” rating in a report on Thursday, November 9th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. BidaskClub upgraded shares of Broadridge Financial Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. DA Davidson restated a “hold” rating and issued a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 4th. Five investment analysts have rated the stock with a hold rating, Broadridge Financial Solutions has an average rating of “Hold” and an average price target of $90.50.

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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)

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