2,567 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,567 shares of the business services provider's stock, valued at approximately $622,000.

A number of other hedge funds have also recently bought and sold shares of BR. Whipplewood Advisors LLC boosted its holdings in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Broadridge Financial Solutions during the 4th quarter worth approximately $34,000. Gen Wealth Partners Inc purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $36,000. Curio Wealth LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $45,000. Finally, Promus Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $52,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Thomas P. Carey sold 3,607 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $237.26, for a total transaction 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 approximately $1,441,829.02. The trade was a 37.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the sale, the director now owns 30,892 shares of the company's stock, valued at approximately $7,509,227.36. The trade was a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,116 shares of company stock worth $4,352,298. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR stock traded down $1.10 during trading on Thursday, reaching $237.66. 487,845 shares of the company's stock traded hands, compared to its average volume of 524,650. The firm's 50-day moving average is $238.07 and its 200 day moving average is $235.10. The company has a market capitalization of $27.92 billion, a P/E ratio of 35.74 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a 1 year low of $195.64 and a 1 year high of $247.01. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44.

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, topping the consensus estimate of $2.41 by $0.03. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.23 earnings per share. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is 52.93%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BR. Needham & Company LLC began coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price objective on the stock. Wall Street Zen raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $259.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus 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.