Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by ORG Partners LLC

ORG Partners LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,490 shares of the business services provider’s stock after buying an additional 130 shares during the period. ORG Partners LLC’s holdings in Broadridge Financial Solutions were worth $321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its position in Broadridge Financial Solutions by 44.0% during the 4th quarter. EP Wealth Advisors LLC now owns 9,046 shares of the business services provider’s stock worth $1,861,000 after acquiring an additional 2,765 shares during the period. Vanguard Group Inc. increased its holdings in shares of Broadridge Financial Solutions by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 13,951,669 shares of the business services provider’s stock valued at $2,870,556,000 after purchasing an additional 110,886 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at about $4,432,000. HighPoint Advisor Group LLC bought a new position in Broadridge Financial Solutions in the 4th quarter valued at about $903,000. Finally, Nomura Holdings Inc. acquired a new position in Broadridge Financial Solutions during the 4th quarter valued at about $490,000. 90.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BR has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Royal Bank of Canada increased their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Broadridge Financial Solutions has a consensus rating of “Hold” and an average price target of $213.33.

Insider Activity

In related news, CEO Timothy C. Gokey sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total value of $5,227,750.00. Following the completion of the transaction, the chief executive officer now owns 200,675 shares of the company’s stock, valued at approximately $41,963,149.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Chairman Richard J. Daly sold 21,938 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.66, for a total value of $4,555,645.08. Following the completion of the sale, the chairman now directly owns 105,094 shares of the company’s stock, valued at $21,823,820.04. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy C. Gokey sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $209.11, for a total transaction of $5,227,750.00. Following the transaction, the chief executive officer now directly owns 200,675 shares in the company, valued at $41,963,149.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,386 shares of company stock worth $28,112,824 over the last 90 days. 1.60% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Up 0.3 %

Broadridge Financial Solutions stock opened at $221.51 on Tuesday. Broadridge Financial Solutions, Inc. has a 1 year low of $166.73 and a 1 year high of $223.81. The firm’s 50 day moving average price is $212.28 and its two-hundred day moving average price is $204.71. The firm has a market cap of $26.18 billion, a price-to-earnings ratio of 37.80 and a beta of 1.05. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.08 and a current ratio of 1.08.

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

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.88 dividend. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 60.07%.

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.