Broadridge Financial Solutions, Inc. (NYSE:BR) Insider Douglas Richard Deschutter Sells 5,056 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) insider Douglas Richard Deschutter sold 5,056 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the sale, the insider now owns 21,167 shares in the company, valued at $5,070,554.85. This represents a 19.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Broadridge Financial Solutions Trading Up 0.1%

Broadridge Financial Solutions stock traded up $0.25 during mid-day trading on Wednesday, hitting $240.24. 126,093 shares of the stock were exchanged, compared to its average volume of 529,151. The firm's fifty day simple moving average is $235.56 and its two-hundred day simple moving average is $233.87. Broadridge Financial Solutions, Inc. has a 12 month low of $192.68 and a 12 month high of $247.01. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 37.61 and a beta of 0.98. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.23 EPS. Analysts forecast 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 will be paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.47%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Analysts Set New Price Targets

BR has been the topic of several recent research reports. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. UBS Group upped their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus target price of $250.83.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors have recently made changes to their positions in BR. Golden State Wealth Management LLC purchased a new stake in Broadridge Financial Solutions in the first quarter worth $29,000. Whipplewood Advisors LLC boosted its stake in Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at about $34,000. Continuum Advisory LLC lifted its position in Broadridge Financial Solutions by 48.4% during the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after purchasing an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Broadridge Financial Solutions by 450.0% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider's stock worth $35,000 after purchasing an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

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.

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