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

Crown Oak Advisors LLC reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,823 shares of the business services provider’s stock after selling 2,130 shares during the quarter. Broadridge Financial Solutions makes up 3.9% of Crown Oak Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Crown Oak Advisors LLC’s holdings in Broadridge Financial Solutions were worth $7,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EdgeRock Capital LLC purchased a new stake in Broadridge Financial Solutions in the second quarter valued at $32,000. Rothschild Investment LLC purchased a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $34,000. Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $37,000. Finally, McClarren Financial Advisors Inc. grew its stake in Broadridge Financial Solutions by 65.5% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 197 shares of the business services provider’s stock worth $39,000 after buying an additional 78 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the sale, the vice president now owns 5,530 shares of the company’s stock, valued at $1,194,480. This trade represents 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 at the SEC website. Also, CEO Timothy C. Gokey sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 200,675 shares of the company’s stock, valued at $41,963,149.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. boosted 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock traded up $1.18 during mid-day trading on Thursday, reaching $220.41. The company had a trading volume of 6,414 shares, compared to its average volume of 523,167. The stock’s 50-day simple moving average is $212.49 and its 200-day simple moving average is $204.93. Broadridge Financial Solutions, Inc. has a 1 year low of $166.73 and a 1 year high of $224.32. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $26.05 billion, a P/E ratio of 37.41 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.01. The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. Broadridge Financial Solutions’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $3.21 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 60.07%.

Broadridge Financial Solutions Company Profile

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.