Caliber Wealth Management LLC KS Buys Shares of 1,482 Broadridge Financial Solutions, Inc. (NYSE:BR)

Key Points

• Caliber Wealth Management LLC KS acquired 1,482 shares of Broadridge Financial Solutions for approximately $359,000, marking a new position during the first quarter.
• Broadridge Financial Solutions has a market cap of $29.84 billion and reported an EPS of $2.44 for the last quarter, beating analyst estimates.
• The company declared a quarterly dividend of $0.88, which equates to an annualized dividend of $3.52, yielding 1.39%.

Caliber Wealth Management LLC KS bought a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,482 shares of the business services provider's stock, valued at approximately $359,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth $580,000. Sei Investments Co. raised its holdings in Broadridge Financial Solutions by 2.6% in the 4th quarter. Sei Investments Co. now owns 30,034 shares of the business services provider's stock worth $6,790,000 after purchasing an additional 763 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in Broadridge Financial Solutions by 5.5% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 1,194 shares of the business services provider's stock worth $270,000 after purchasing an additional 62 shares during the period. Korea Investment CORP raised its holdings in Broadridge Financial Solutions by 15.9% in the 4th quarter. Korea Investment CORP now owns 88,400 shares of the business services provider's stock worth $19,986,000 after purchasing an additional 12,149 shares during the period. Finally, Elo Mutual Pension Insurance Co raised its holdings in Broadridge Financial Solutions by 13.2% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 11,883 shares of the business services provider's stock worth $2,687,000 after purchasing an additional 1,385 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $0.49 during trading on Wednesday, reaching $248.46. 103,787 shares of the stock traded hands, compared to its average volume of 560,448. The company has a market capitalization of $29.18 billion, a price-to-earnings ratio of 37.32 and a beta of 0.94. The business has a fifty day simple moving average of $240.80 and a two-hundred day simple moving average of $237.44. 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, Inc. has a 52-week low of $206.29 and a 52-week high of $257.65.

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 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 analyst estimates of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.82% and a net margin of 11.65%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, June 12th. This represents a $3.52 annualized dividend and a yield of 1.42%. Broadridge Financial Solutions's dividend payout ratio is currently 52.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BR shares. Needham & Company LLC started coverage on Broadridge Financial Solutions in a report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price target on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Finally, Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $250.83.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Maura A. Markus sold 3,556 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the sale, the director owned 30,892 shares of the company's stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $239.55, for a total transaction of $1,211,164.80. Following the completion of the sale, the insider directly owned 21,167 shares of the company's stock, valued at approximately $5,070,554.85. The trade was a 19.28% decrease in their position. 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 quarter. 1.30% of the stock is currently owned by insiders.

Broadridge Financial Solutions 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.