Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,395 shares of the business services provider’s stock after selling 6,118 shares during the period. Motley Fool Asset Management LLC’s holdings in Broadridge Financial Solutions were worth $9,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BR. Adero Partners LLC lifted its position in Broadridge Financial Solutions by 2.5% in the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider’s stock worth $415,000 after purchasing an additional 45 shares during the period. Sunburst Financial Group LLC raised its stake in shares of Broadridge Financial Solutions by 4.8% in the 4th quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider’s stock worth $229,000 after buying an additional 46 shares in the last quarter. Nicolet Advisory Services LLC lifted its holdings in shares of Broadridge Financial Solutions by 4.8% in the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider’s stock valued at $224,000 after buying an additional 46 shares during the period. Foundations Investment Advisors LLC boosted its stake in Broadridge Financial Solutions by 3.5% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider’s stock valued at $345,000 after buying an additional 52 shares in the last quarter. Finally, TCTC Holdings LLC grew its holdings in Broadridge Financial Solutions by 0.9% during the fourth quarter. TCTC Holdings LLC now owns 5,979 shares of the business services provider’s stock worth $1,352,000 after acquiring an additional 52 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BR has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. DA Davidson restated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. StockNews.com cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and an average price target of $241.00.

Broadridge Financial Solutions Trading Up 0.8 %

Broadridge Financial Solutions stock opened at $246.68 on Thursday. Broadridge Financial Solutions, Inc. has a 52 week low of $188.30 and a 52 week high of $247.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $28.87 billion, a price-to-earnings ratio of 38.60 and a beta of 1.05. The company has a 50 day moving average price of $237.66 and a 200 day moving average price of $228.36.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate 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 firm earned $0.92 earnings per share. 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 given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.09%.

Insider Buying and Selling

In related 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 completion of the sale, the vice president now owns 6,602 shares of the company’s stock, valued at approximately $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 95,956 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the completion of the transaction, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. This trade represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,754 shares of company stock worth $29,397,793. 1.30% of the stock is owned by company insiders.

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.