Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,366 shares of the business services provider’s stock after selling 661 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Broadridge Financial Solutions were worth $1,154,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its position in shares of Broadridge Financial Solutions by 0.8% during the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after acquiring an additional 45 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Broadridge Financial Solutions by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 10,155 shares of the business services provider’s stock worth $2,001,000 after purchasing an additional 50 shares in the last quarter. Garrison Asset Management LLC raised its holdings in Broadridge Financial Solutions by 0.3% during the 2nd quarter. Garrison Asset Management LLC now owns 17,943 shares of the business services provider’s stock worth $3,535,000 after buying an additional 50 shares during the period. TIAA Trust National Association lifted its stake in Broadridge Financial Solutions by 1.0% during the first quarter. TIAA Trust National Association now owns 5,469 shares of the business services provider’s stock valued at $1,120,000 after buying an additional 52 shares in the last quarter. Finally, Brighton Jones LLC boosted its holdings in shares of Broadridge Financial Solutions by 2.5% in the second quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider’s stock worth $428,000 after buying an additional 52 shares during the period. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of a number of recent analyst reports. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average target price of $213.33.

Insider Buying and Selling

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares in the company, valued at $1,194,480. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now owns 5,530 shares in the company, valued at $1,194,480. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Christopher John Perry sold 17,534 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following 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 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 4.1 %

Broadridge Financial Solutions stock opened at $218.30 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 12 month low of $175.21 and a 12 month high of $224.32. The company’s fifty day simple moving average is $213.54 and its 200-day simple moving average is $206.32. The stock has a market cap of $25.52 billion, a P/E ratio of 37.25 and a beta of 1.05.

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, topping the consensus estimate of $3.49 by $0.01. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 EPS. As a group, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current fiscal year.

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.