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

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) have received an average rating of "Hold" from the seven analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $250.83.

A number of research firms have weighed in on BR. Royal Bank of Canada reiterated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Needham & Company LLC began coverage on shares of Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Finally, Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 3,607 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total value of $855,796.82. Following the completion of the transaction, the vice president now owns 6,077 shares of the company's stock, valued at $1,441,829.02. This trade represents a 37.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Hope M. Jarkowski sold 1,068 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total transaction of $251,214.96. Following the sale, the insider now owns 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,116 shares of company stock valued at $4,352,298 in the last 90 days. 1.30% of the stock is owned by insiders.

Institutional Trading of Broadridge Financial Solutions

A number of institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Broadridge Financial Solutions by 50.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,560,316 shares of the business services provider's stock worth $804,952,000 after acquiring an additional 1,186,555 shares in the last quarter. GAMMA Investing LLC raised its holdings in Broadridge Financial Solutions by 31,011.4% during the first quarter. GAMMA Investing LLC now owns 989,964 shares of the business services provider's stock worth $240,027,000 after purchasing an additional 986,782 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in Broadridge Financial Solutions by 28,222.6% during the first quarter. Jones Financial Companies Lllp now owns 949,657 shares of the business services provider's stock worth $230,254,000 after purchasing an additional 946,304 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Broadridge Financial Solutions by 577.9% during the 1st quarter. Ameriprise Financial Inc. now owns 1,035,938 shares of the business services provider's stock worth $251,513,000 after buying an additional 883,125 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $106,904,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 1.2%

BR opened at $236.94 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions has a fifty-two week low of $193.85 and a fifty-two week high of $247.01. The firm's fifty day moving average is $237.39 and its 200 day moving average is $235.04. The stock has a market cap of $27.83 billion, a price-to-earnings ratio of 37.08 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping the consensus estimate of $2.41 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.23 EPS. On average, sell-side analysts forecast that Broadridge Financial Solutions will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.49%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 52.93%.

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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