1,034 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,034 shares of the business services provider’s stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in shares of Broadridge Financial Solutions by 5.1% during the 2nd quarter. American Century Companies Inc. now owns 24,232 shares of the business services provider’s stock worth $4,774,000 after acquiring an additional 1,184 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Broadridge Financial Solutions by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 941,125 shares of the business services provider’s stock worth $185,417,000 after buying an additional 72,018 shares in the last quarter. Argent Trust Co increased its holdings in shares of Broadridge Financial Solutions by 4.6% in the 2nd quarter. Argent Trust Co now owns 2,774 shares of the business services provider’s stock worth $546,000 after buying an additional 121 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Broadridge Financial Solutions by 8.4% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,031 shares of the business services provider’s stock valued at $400,000 after buying an additional 157 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 33.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,929 shares of the business services provider’s stock valued at $1,759,000 after acquiring an additional 2,219 shares during the last quarter. Institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.3 %

BR stock opened at $230.35 on Friday. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96. The firm’s 50-day moving average is $229.43 and its 200 day moving average is $217.76. The company has a market capitalization of $26.93 billion, a PE ratio of 39.85 and a beta of 1.08. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company posted $1.09 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Insiders Place Their Bets

In related news, Director Maura A. Markus sold 3,880 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the completion of the sale, the director now directly owns 27,788 shares in the company, valued at $6,308,431.76. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Douglas Richard Deschutter sold 24,185 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now owns 27,137 shares in the company, valued at $5,975,838.77. This represents a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BR has been the topic of several analyst reports. UBS Group initiated coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They set a “neutral” rating and a $250.00 price objective on the stock. Royal Bank of Canada restated an “outperform” rating and set a $246.00 price target on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. DA Davidson lifted their price objective on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Wolfe Research reissued a “peer perform” rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $226.71.

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.