Brokerages Set Broadridge Financial Solutions, Inc. (NYSE:BR) Target Price at $241.00

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has received an average recommendation of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $241.00.

BR has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. 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 note on Monday, February 3rd. StockNews.com lowered shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Wednesday. Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded down $0.03 during midday trading on Friday, hitting $239.65. The company had a trading volume of 166,064 shares, compared to its average volume of 525,625. The company has a fifty day moving average of $234.57 and a two-hundred day moving average of $231.01. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 37.50 and a beta of 1.06. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions has a 12-month low of $188.30 and a 12-month high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.92 earnings per share. On average, equities research analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.47%. Broadridge Financial Solutions's dividend payout ratio is 55.09%.

Insider Activity

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares in the company, valued at approximately $39,973,188.84. The trade was a 36.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 485 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now owns 4,960 shares in the company, valued at approximately $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,754 shares of company stock worth $29,397,793. Company insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On Broadridge Financial Solutions

Large investors have recently made changes to their positions in the company. World Investment Advisors LLC grew its position in Broadridge Financial Solutions by 10.9% during the third quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider's stock worth $909,000 after buying an additional 416 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $3,530,000. Tidal Investments LLC raised its position in Broadridge Financial Solutions by 43.7% during the third quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider's stock valued at $3,290,000 after purchasing an additional 4,654 shares in the last quarter. American Trust bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $2,233,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Broadridge Financial Solutions by 4.3% during the 3rd quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider's stock worth $33,898,000 after buying an additional 6,552 shares in the last quarter. 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.