Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Average Recommendation of "Hold" from Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has earned a consensus rating of "Hold" from the seven analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $250.83.

A number of equities research analysts recently issued reports on BR shares. Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price objective on the stock. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, May 19th.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded down $3.69 during trading on Thursday, hitting $234.90. 639,405 shares of the company were exchanged, compared to its average volume of 528,364. The company has a market cap of $27.59 billion, a PE ratio of 35.32 and a beta of 0.94. The stock has a 50 day moving average of $239.64 and a 200 day moving average of $236.08. Broadridge Financial Solutions has a 52-week low of $200.63 and a 52-week high of $247.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the business posted $2.23 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Broadridge Financial Solutions 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 Wednesday, July 2nd. Investors of record on Thursday, June 12th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. Broadridge Financial Solutions's dividend payout ratio is presently 52.93%.

Insiders Place Their Bets

In other news, Director Pamela L. Carter sold 4,829 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the transaction, the director directly owned 7,242 shares of the company's stock, valued at approximately $1,754,229.66. This trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total value of $1,211,164.80. Following the transaction, the insider directly owned 21,167 shares in the company, valued at $5,070,554.85. This trade represents a 19.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,116 shares of company stock valued at $4,352,298 over the last quarter. Insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Curio Wealth LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter worth about $45,000. CWA Asset Management Group LLC grew its stake in shares of Broadridge Financial Solutions by 6.8% in the first quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock worth $332,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Broadridge Financial Solutions in the first quarter worth about $29,000. Sequoia Financial Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 9.6% in the first quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock worth $279,000 after purchasing an additional 101 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Broadridge Financial Solutions by 12.3% in the first quarter. Exchange Traded Concepts LLC now owns 655 shares of the business services provider's stock worth $159,000 after purchasing an additional 72 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

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.