Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Purchased by Walter Public Investments Inc.

Walter Public Investments Inc. grew its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 16.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 87,033 shares of the business services provider's stock after purchasing an additional 12,569 shares during the period. Broadridge Financial Solutions comprises approximately 3.9% of Walter Public Investments Inc.'s portfolio, making the stock its 7th biggest position. Walter Public Investments Inc. owned about 0.07% of Broadridge Financial Solutions worth $21,102,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BR. Golden State Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the first quarter worth $29,000. Whipplewood Advisors LLC raised its position in shares of Broadridge Financial Solutions by 2,620.0% in the first 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 period. Continuum Advisory LLC lifted its stake in shares of Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock valued at $34,000 after buying an additional 46 shares in the last quarter. Olde Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the 1st quarter valued at approximately $36,000. Finally, Minot DeBlois Advisors LLC bought a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $34,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 1.5%

BR traded down $3.69 during midday trading on Friday, reaching $234.90. 639,405 shares of the company's stock traded hands, compared to its average volume of 528,364. Broadridge Financial Solutions, Inc. 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. The firm has a fifty day moving average of $239.64 and a two-hundred day moving average of $236.08. The stock has a market capitalization of $27.59 billion, a price-to-earnings ratio of 35.32 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Broadridge Financial Solutions's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. On average, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Thursday, June 12th were issued a $0.88 dividend. The ex-dividend date 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 currently 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 5,056 shares of the business's stock in a transaction that occurred on 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 transaction, the insider owned 21,167 shares in the company, valued at $5,070,554.85. The trade was a 19.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela L. Carter sold 4,829 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 completion of the sale, the director owned 7,242 shares of the company's stock, valued at $1,754,229.66. This trade represents a 40.00% 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 ninety days. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC assumed coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $250.83.

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.