Insider Selling: Broadridge Financial Solutions, Inc. (BR) Insider Sells 56,539 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) insider Douglas Richard Deschutter sold 56,539 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.60, for a total value of $5,235,511.40. Following the completion of the sale, the insider now owns 98,427 shares of the company’s stock, valued at $9,114,340.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Broadridge Financial Solutions, Inc. (BR) traded up $0.14 during trading hours on Tuesday, hitting $94.02. The company had a trading volume of 234,029 shares, compared to its average volume of 479,175. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $10,754.35, a P/E ratio of 29.90, a PEG ratio of 2.28 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a fifty-two week low of $66.49 and a fifty-two week high of $97.54.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.21. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $945.80 million. Broadridge Financial Solutions had a return on equity of 44.02% and a net margin of 8.74%. Broadridge Financial Solutions’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share. research analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Thursday, March 15th will be issued a dividend of $0.365 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.55%. Broadridge Financial Solutions’s payout ratio is presently 46.50%.

Large investors have recently bought and sold shares of the stock. Toronto Dominion Bank grew its holdings in shares of Broadridge Financial Solutions by 11.4% during the second quarter. Toronto Dominion Bank now owns 1,453 shares of the business services provider’s stock worth $110,000 after buying an additional 149 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of Broadridge Financial Solutions by 82.8% during the second quarter. Advisory Services Network LLC now owns 1,559 shares of the business services provider’s stock worth $118,000 after buying an additional 706 shares in the last quarter. Wetherby Asset Management Inc. bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $200,000. Moody Aldrich Partners LLC bought a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $204,000. Finally, Court Place Advisors LLC acquired a new position in Broadridge Financial Solutions during the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 83.50% of the company’s stock.

Several equities research analysts have issued reports on BR shares. Barclays increased their price target on Broadridge Financial Solutions from $74.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Raymond James Financial restated a “hold” rating on shares of Broadridge Financial Solutions in a report on Monday, December 4th. Zacks Investment Research downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, DA Davidson reiterated a “hold” rating and set a $86.00 price objective on shares of Broadridge Financial Solutions in a report on Thursday, November 9th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $97.25.

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Broadridge Financial Solutions Company Profile

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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