Apollon Wealth Management LLC Buys 26,799 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Apollon Wealth Management LLC boosted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 335.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 34,790 shares of the business services provider's stock after acquiring an additional 26,799 shares during the quarter. Apollon Wealth Management LLC's holdings in Broadridge Financial Solutions were worth $8,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Curio Wealth LLC acquired a new position in Broadridge Financial Solutions in the 4th quarter valued at $45,000. CWA Asset Management Group LLC increased its holdings in Broadridge Financial Solutions by 6.8% in the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider's stock valued at $332,000 after buying an additional 87 shares during the period. D.A. Davidson & CO. acquired a new position in Broadridge Financial Solutions in the first quarter worth about $217,000. Golden State Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 1st quarter worth approximately $29,000. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 9.6% during the first quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider's stock valued at $279,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.4%

NYSE BR traded up $0.83 during trading hours on Monday, hitting $236.01. 313,197 shares of the company traded hands, compared to its average volume of 529,976. The stock has a market capitalization of $27.72 billion, a price-to-earnings ratio of 35.49 and a beta of 0.94. Broadridge Financial Solutions, Inc. has a twelve month low of $200.63 and a twelve month high of $247.01. The business's 50-day moving average is $239.64 and its 200-day moving average is $236.20. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.41 by $0.03. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the company earned $2.23 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share 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 paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

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 transaction, the director directly owned 30,892 shares of the company's stock, valued at $7,509,227.36. This trade represents a 10.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela L. Carter sold 4,829 shares of the 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 sale, the director owned 7,242 shares in the company, valued at $1,754,229.66. This represents a 40.00% 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 over the last three months. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

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