Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Clarus Group Inc.

Clarus Group Inc. raised its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 47.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,189 shares of the business services provider’s stock after buying an additional 1,344 shares during the period. Clarus Group Inc.’s holdings in Broadridge Financial Solutions were worth $901,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BR. EdgeRock Capital LLC bought a new stake in shares of Broadridge Financial Solutions in the second quarter worth $32,000. Rothschild Investment LLC bought a new position in shares of Broadridge Financial Solutions during the second quarter worth about $32,000. New Covenant Trust Company N.A. bought a new position in shares of Broadridge Financial Solutions during the first quarter worth about $34,000. Family Firm Inc. bought a new position in shares of Broadridge Financial Solutions during the second quarter worth about $37,000. Finally, Anfield Capital Management LLC bought a new position in shares of Broadridge Financial Solutions during the second quarter worth about $39,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average price target of $213.33.

Broadridge Financial Solutions Stock Down 0.1 %

Shares of BR traded down $0.25 during trading hours on Monday, reaching $218.85. The company’s stock had a trading volume of 98,153 shares, compared to its average volume of 521,900. The firm has a market cap of $25.86 billion, a price-to-earnings ratio of 37.35 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $224.32. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The company has a 50 day moving average of $212.64 and a two-hundred day moving average of $205.19.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.01. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 EPS. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.88 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date was Thursday, September 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.61%. Broadridge Financial Solutions’s dividend payout ratio is currently 60.07%.

Insider Buying and Selling

In related news, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Laura Matlin sold 673 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total value of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Christopher John Perry sold 17,534 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total value of $3,741,930.94. Following the completion of the transaction, the president now owns 50,237 shares in the company, valued at $10,721,078.17. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 134,386 shares of company stock worth $28,112,824. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Profile

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.