Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Cynosure Group LLC

Cynosure Group LLC decreased its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,413 shares of the business services provider’s stock after selling 407 shares during the quarter. Cynosure Group LLC’s holdings in Broadridge Financial Solutions were worth $319,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Fortitude Family Office LLC increased its holdings in shares of Broadridge Financial Solutions by 246.7% in the 4th quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider’s stock worth $35,000 after acquiring an additional 111 shares during the period. Global X Japan Co. Ltd. bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $41,000. Curio Wealth LLC acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $45,000. Salem Investment Counselors Inc. grew its holdings in Broadridge Financial Solutions by 200.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 225 shares of the business services provider’s stock worth $51,000 after buying an additional 150 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at approximately $52,000. Institutional investors own 90.03% of the company’s stock.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now owns 6,602 shares in the company, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert N. Duelks sold 485 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the sale, the director now directly 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 disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock valued at $29,397,793 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.8 %

Shares of NYSE:BR opened at $246.68 on Thursday. The stock has a market capitalization of $28.87 billion, a price-to-earnings ratio of 38.60 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $247.01. The company has a 50 day moving average price of $237.66 and a 200 day moving average price of $228.36. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the business posted $0.92 EPS. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is 55.09%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BR. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. UBS Group raised their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $241.00.

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.