Laura Matlin Sells 514 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) VP Laura Matlin sold 514 shares of the company’s 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 sale, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $239.87 on Friday. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 37.54 and a beta of 1.08. The company has a current ratio of 1.35, a quick ratio of 1.39 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $242.39. The stock’s 50 day moving average is $231.63 and its 200-day moving average is $221.10.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 last year, the business posted $0.92 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 55.09%.

Wall Street Analysts Forecast Growth

BR has been the topic of several recent analyst reports. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Royal Bank of Canada boosted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a research report on Monday. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Monday. Morgan Stanley boosted their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, November 9th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Broadridge Financial Solutions currently has a consensus rating of “Hold” and an average target price of $239.17.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Broadridge Financial Solutions by 16.6% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,294 shares of the business services provider’s stock worth $293,000 after purchasing an additional 184 shares during the period. Raymond James Financial Inc. acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $104,466,000. Promus Capital LLC acquired a new stake in Broadridge Financial Solutions during the fourth quarter worth approximately $52,000. Arizona State Retirement System increased its stake in Broadridge Financial Solutions by 0.3% during the 4th quarter. Arizona State Retirement System now owns 33,950 shares of the business services provider’s stock worth $7,676,000 after acquiring an additional 91 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $25,773,000. Institutional investors own 90.03% of the company’s stock.

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.