MONECO Advisors LLC Buys 229 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

MONECO Advisors LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,795 shares of the business services provider’s stock after purchasing an additional 229 shares during the period. MONECO Advisors LLC’s holdings in Broadridge Financial Solutions were worth $406,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BR. Ballentine Partners LLC grew its position in Broadridge Financial Solutions by 4.1% in the 3rd quarter. Ballentine Partners LLC now owns 1,628 shares of the business services provider’s stock worth $350,000 after purchasing an additional 64 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Broadridge Financial Solutions by 87.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,985 shares of the business services provider’s stock valued at $3,177,000 after acquiring an additional 7,006 shares during the period. PFG Investments LLC grew its position in shares of Broadridge Financial Solutions by 48.2% during the 3rd quarter. PFG Investments LLC now owns 4,423 shares of the business services provider’s stock valued at $951,000 after acquiring an additional 1,438 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at $222,000. Finally, Nisa Investment Advisors LLC grew its position in shares of Broadridge Financial Solutions by 4.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 43,137 shares of the business services provider’s stock valued at $9,314,000 after acquiring an additional 1,825 shares during the period. Institutional investors own 90.03% of the company’s stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. The trade was a 56.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the sale, the director now owns 15,536 shares in the company, valued at approximately $3,734,854.40. This trade represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock worth $5,050,766 in the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

Broadridge Financial Solutions Stock Up 0.4 %

BR opened at $236.25 on Tuesday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $244.47. The firm’s fifty day moving average is $232.87 and its 200 day moving average is $223.62. The stock has a market cap of $27.65 billion, a price-to-earnings ratio of 36.97 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same quarter in the previous year, the business posted $0.92 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently declared 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 1.49%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is currently 55.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BR. JPMorgan Chase & Co. boosted their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. DA Davidson reissued a “neutral” rating and set a $215.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $239.17.

Broadridge Financial Solutions 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.