Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,495 shares of the business services provider's stock after selling 2,946 shares during the period. US Bancorp DE's holdings in Broadridge Financial Solutions were worth $12,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $804,952,000 after acquiring an additional 1,186,555 shares during the period. Barclays PLC lifted its stake in Broadridge Financial Solutions by 2.5% during the 4th quarter. Barclays PLC now owns 1,648,527 shares of the business services provider's stock valued at $372,713,000 after acquiring an additional 40,506 shares during the period. Stifel Financial Corp lifted its stake in Broadridge Financial Solutions by 1.3% during the 4th quarter. Stifel Financial Corp now owns 1,615,131 shares of the business services provider's stock valued at $365,177,000 after acquiring an additional 20,716 shares during the period. Northern Trust Corp lifted its stake in Broadridge Financial Solutions by 24.4% during the 4th quarter. Northern Trust Corp now owns 1,604,783 shares of the business services provider's stock valued at $362,825,000 after acquiring an additional 314,323 shares during the period. Finally, Invesco Ltd. lifted its stake in Broadridge Financial Solutions by 3.9% during the 4th quarter. Invesco Ltd. now owns 1,461,011 shares of the business services provider's stock valued at $330,320,000 after acquiring an additional 55,080 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on BR. Royal Bank Of Canada restated an "outperform" rating and set a $259.00 price objective on shares of Broadridge Financial Solutions in a research note 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 upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. 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 Stock Performance

BR opened at $244.61 on Monday. 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 price of $241.40 and a 200 day moving average price of $237.96. Broadridge Financial Solutions, Inc. has a 1 year low of $206.29 and a 1 year high of $257.65. The stock has a market cap of $28.73 billion, a P/E ratio of 36.78 and a beta of 0.94.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (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 during the quarter, compared to analysts' expectations of $1.86 billion. During the same period in the previous year, the business posted $2.23 EPS. The business's revenue was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Thursday, June 12th. Broadridge Financial Solutions's payout ratio is currently 52.93%.

Insider Transactions at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,556 shares of the business's stock in a transaction on 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 approximately $7,509,227.36. The trade was a 10.32% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pamela L. Carter sold 4,829 shares of the business's stock in a transaction 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 directly owned 7,242 shares of the company's stock, valued at approximately $1,754,229.66. The trade was a 40.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,116 shares of company stock worth $4,352,298. Insiders own 1.30% of the company's stock.

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.

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