FineMark National Bank & Trust Acquires 1,035 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

FineMark National Bank & Trust lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,034 shares of the business services provider’s stock after buying an additional 1,035 shares during the period. FineMark National Bank & Trust’s holdings in Broadridge Financial Solutions were worth $12,669,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Modern Wealth Management LLC grew its stake in Broadridge Financial Solutions by 1.2% during the fourth quarter. Modern Wealth Management LLC now owns 13,649 shares of the business services provider’s stock worth $3,308,000 after buying an additional 156 shares in the last quarter. Zevenbergen Capital Investments LLC boosted its position in shares of Broadridge Financial Solutions by 0.4% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 34,140 shares of the business services provider’s stock worth $7,719,000 after acquiring an additional 130 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in Broadridge Financial Solutions by 4.3% in the fourth quarter. Congress Wealth Management LLC DE now owns 77,242 shares of the business services provider’s stock valued at $17,464,000 after acquiring an additional 3,151 shares during the last quarter. Vanguard Group Inc. raised its position in Broadridge Financial Solutions by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,294,766 shares of the business services provider’s stock valued at $3,231,904,000 after purchasing an additional 74,674 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in Broadridge Financial Solutions by 3.3% during the fourth quarter. LPL Financial LLC now owns 279,536 shares of the business services provider’s stock worth $63,200,000 after purchasing an additional 9,056 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 485 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the sale, the director now owns 4,960 shares of the company’s stock, valued at approximately $1,180,132.80. This represents a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now owns 169,788 shares of the company’s stock, valued at approximately $39,973,188.84. The trade was a 36.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,754 shares of company stock worth $29,397,793 over the last ninety days. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Up 1.2 %

Shares of NYSE BR opened at $235.73 on Tuesday. The company has a 50 day simple moving average of $236.26 and a 200 day simple moving average of $227.01. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $246.58. The firm has a market cap of $27.59 billion, a PE ratio of 36.89 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company earned $0.92 earnings per share. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. Broadridge Financial Solutions’s payout ratio is 55.09%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. DA Davidson restated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $239.17.

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.