Stock Traders Buy High Volume of Broadridge Financial Solutions Call Options (NYSE:BR)

Broadridge Financial Solutions, Inc. (NYSE:BR) saw unusually large options trading activity on Wednesday. Investors bought 2,842 call options on the stock. This represents an increase of 2,086% compared to the average daily volume of 130 call options.

Several brokerages have commented on BR. Zacks Investment Research cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Monday, April 22nd. DA Davidson cut shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price target for the company. in a report on Wednesday, May 8th. They noted that the move was a valuation call. Raymond James raised their price target on shares of Broadridge Financial Solutions from $125.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. ValuEngine upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Finally, SunTrust Banks raised their price target on shares of Broadridge Financial Solutions to $130.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $126.00.

In other Broadridge Financial Solutions news, VP Laura Matlin sold 3,875 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $118.99, for a total value of $461,086.25. Following the completion of the transaction, the vice president now directly owns 5,988 shares in the company, valued at $712,512.12. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Thomas P. Carey sold 1,215 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $108.82, for a total transaction of $132,216.30. Following the completion of the transaction, the vice president now owns 4,202 shares of the company’s stock, valued at $457,261.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 162,984 shares of company stock valued at $20,133,104. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. acquired a new stake in Broadridge Financial Solutions in the fourth quarter valued at approximately $214,000. SG Americas Securities LLC raised its position in shares of Broadridge Financial Solutions by 62.3% in the fourth quarter. SG Americas Securities LLC now owns 17,822 shares of the business services provider’s stock valued at $1,715,000 after purchasing an additional 6,841 shares during the period. Dupont Capital Management Corp raised its position in shares of Broadridge Financial Solutions by 150.6% in the fourth quarter. Dupont Capital Management Corp now owns 1,461 shares of the business services provider’s stock valued at $141,000 after purchasing an additional 878 shares during the period. Creative Planning raised its position in shares of Broadridge Financial Solutions by 5.8% in the fourth quarter. Creative Planning now owns 9,927 shares of the business services provider’s stock valued at $956,000 after purchasing an additional 541 shares during the period. Finally, ETF Managers Group LLC raised its position in shares of Broadridge Financial Solutions by 17.5% in the fourth quarter. ETF Managers Group LLC now owns 1,194 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 178 shares during the period. Institutional investors and hedge funds own 84.10% of the company’s stock.

BR stock opened at $131.46 on Thursday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.93. The company has a market cap of $15.22 billion, a P/E ratio of 31.37, a P/E/G ratio of 2.82 and a beta of 0.77. Broadridge Financial Solutions has a 52 week low of $91.34 and a 52 week high of $138.24.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.49 by $0.10. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Broadridge Financial Solutions had a net margin of 11.31% and a return on equity of 48.71%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company posted $1.00 earnings per share. As a group, analysts anticipate that Broadridge Financial Solutions will post 4.65 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Friday, June 14th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, June 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 46.30%.

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About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.

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