Royal London Asset Management Ltd. Sells 302 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Royal London Asset Management Ltd. trimmed its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BRFree Report) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 51,544 shares of the business services provider’s stock after selling 302 shares during the period. Royal London Asset Management Ltd.’s holdings in Broadridge Financial Solutions were worth $10,605,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $32,000. Stuart Chaussee & Associates Inc. bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth $34,000. Manchester Capital Management LLC boosted its stake in shares of Broadridge Financial Solutions by 57.1% during the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after buying an additional 60 shares during the last quarter. Truvestments Capital LLC acquired a new position in Broadridge Financial Solutions during the third quarter valued at approximately $37,000. Finally, BKM Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at $37,000. 90.03% of the stock is currently owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the transaction, the vice president now owns 9,361 shares in the company, valued at $1,875,944.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total transaction of $501,000.00. Following the transaction, the vice president now owns 9,361 shares in the company, valued at $1,875,944.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert N. Duelks sold 3,473 shares of Broadridge Financial Solutions stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total value of $687,862.38. Following the transaction, the director now owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.1 %

Shares of BR traded down $0.28 during trading hours on Friday, hitting $195.13. 289,934 shares of the stock were exchanged, compared to its average volume of 564,623. Broadridge Financial Solutions, Inc. has a fifty-two week low of $156.26 and a fifty-two week high of $210.24. The business has a 50-day moving average of $197.87 and a 200-day moving average of $199.49. The firm has a market capitalization of $23.06 billion, a P/E ratio of 33.30 and a beta of 1.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BRGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. Broadridge Financial Solutions had a return on equity of 40.88% and a net margin of 10.92%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 earnings per share. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Friday, June 14th. Broadridge Financial Solutions’s payout ratio is 54.61%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Evercore ISI reiterated an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $206.67.

View Our Latest Analysis on BR

Broadridge Financial Solutions Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Broadridge Financial Solutions (NYSE:BR)

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