Broadridge Financial Solutions, Inc. (NYSE:BR) Given Consensus Rating of “Hold” by Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $241.00.

Several equities analysts recently weighed in on the company. DA Davidson reiterated a “neutral” rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Royal Bank of Canada increased their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Morgan Stanley boosted their target price on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a “neutral” rating in a report on Monday, February 3rd.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the transaction, the vice president now directly owns 6,602 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. Also, President Christopher John Perry sold 22,357 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the sale, the president now directly owns 52,524 shares of the company’s stock, valued at $12,355,220.52. The trade was a 29.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 124,754 shares of company stock valued at $29,397,793 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

A number of hedge funds have recently made changes to their positions in the company. D.A. Davidson & CO. acquired a new position in Broadridge Financial Solutions in the 3rd quarter worth $212,000. FMR LLC lifted its stake in shares of Broadridge Financial Solutions by 9.7% in the third quarter. FMR LLC now owns 80,194 shares of the business services provider’s stock worth $17,244,000 after acquiring an additional 7,077 shares in the last quarter. Glenmede Trust Co. NA grew its stake in Broadridge Financial Solutions by 3.3% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,419 shares of the business services provider’s stock valued at $950,000 after purchasing an additional 143 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $1,548,000. Finally, CreativeOne Wealth LLC boosted its stake in shares of Broadridge Financial Solutions by 5.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 1,548 shares of the business services provider’s stock valued at $333,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $242.66 on Tuesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The firm has a market cap of $28.40 billion, a PE ratio of 37.98 and a beta of 1.05. The firm has a 50 day simple moving average of $237.21 and a 200-day simple moving average of $228.00. Broadridge Financial Solutions has a 1-year low of $188.30 and a 1-year high of $246.58.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate 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 previous year, the company posted $0.92 earnings per share. On average, equities analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.45%. Broadridge Financial Solutions’s payout ratio is 55.09%.

About Broadridge Financial Solutions

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.