Caprock Group LLC grew its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,208 shares of the business services provider’s stock after acquiring an additional 95 shares during the period. Caprock Group LLC’s holdings in Broadridge Financial Solutions were worth $955,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the business. Bogart Wealth LLC raised its stake in Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock worth $26,000 after buying an additional 96 shares during the last quarter. True Wealth Design LLC raised its stake in Broadridge Financial Solutions by 2,028.6% during the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Fortitude Family Office LLC raised its stake in Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after buying an additional 111 shares during the last quarter. Hazlett Burt & Watson Inc. bought a new position in Broadridge Financial Solutions during the third quarter worth $38,000. Finally, FSA Wealth Management LLC bought a new position in Broadridge Financial Solutions during the third quarter worth $39,000. Institutional investors own 90.03% of the company’s stock.
Insider Activity
In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $227.02, for a total value of $880,837.60. Following the completion of the sale, the director now directly owns 27,788 shares of the company’s stock, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the completion of the sale, the vice president now directly owns 12,689 shares of the company’s stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,532 shares of company stock worth $12,264,846 over the last three months. 1.30% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on Broadridge Financial Solutions
Broadridge Financial Solutions Trading Up 0.2 %
NYSE:BR opened at $238.72 on Tuesday. The stock has a market capitalization of $27.90 billion, a price-to-earnings ratio of 37.36 and a beta of 1.08. The firm has a fifty day simple moving average of $231.37 and a two-hundred day simple moving average of $220.56. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $241.45. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the company earned $0.92 earnings per share. Analysts expect that Broadridge Financial Solutions, Inc. will post 8.55 EPS for the current fiscal year.
Broadridge Financial Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.
About Broadridge Financial Solutions
Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. 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 distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.
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