Callan Family Office LLC Acquires Shares of 5,506 Broadridge Financial Solutions, Inc. (NYSE:BR)

Callan Family Office LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,506 shares of the business services provider’s stock, valued at approximately $1,245,000.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $104,466,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $44,746,000. Benjamin Edwards Inc. lifted its stake in shares of Broadridge Financial Solutions by 2,302.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider’s stock valued at $31,618,000 after purchasing an additional 140,886 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $25,773,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Broadridge Financial Solutions by 97.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider’s stock valued at $42,765,000 after purchasing an additional 98,275 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Trading Up 1.5 %

Shares of NYSE:BR opened at $241.30 on Friday. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $246.58. The stock has a market cap of $28.24 billion, a PE ratio of 37.76 and a beta of 1.05. The business has a 50 day moving average of $235.05 and a 200-day moving average of $225.07. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly 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 period in the prior year, the business earned $0.92 earnings per share. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions’s dividend payout ratio is currently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Robert N. Duelks sold 485 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the sale, the director now owns 4,960 shares of the company’s stock, valued at $1,180,132.80. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brett Keller sold 5,442 shares of the business’s stock in a transaction on 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 directly owns 15,536 shares in the company, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,441 shares of company stock worth $1,547,835 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BR. JPMorgan Chase & Co. increased their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. UBS Group lifted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. StockNews.com raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson restated a “neutral” rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Royal Bank of Canada lifted their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.