2,842 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,842 shares of the business services provider's stock, valued at approximately $689,000.

A number of other institutional investors also recently modified their holdings of BR. Golden State Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the first quarter valued at approximately $29,000. Whipplewood Advisors LLC grew its holdings in Broadridge Financial Solutions by 2,620.0% during the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock worth $33,000 after acquiring an additional 131 shares during the period. Continuum Advisory LLC grew its holdings in Broadridge Financial Solutions by 48.4% during the 1st quarter. Continuum Advisory LLC now owns 141 shares of the business services provider's stock worth $34,000 after acquiring an additional 46 shares during the period. Olde Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the 1st quarter worth $36,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth $34,000. Institutional investors own 90.03% of the company's stock.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,068 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider owned 1,070 shares in the company, valued at $251,685.40. This represents a 49.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 5,056 shares of the 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 transaction, the insider owned 21,167 shares in the company, 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 18,116 shares of company stock worth $4,352,298 in the last 90 days. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

Broadridge Financial Solutions Stock Up 1.2%

NYSE BR traded up $2.80 on Monday, reaching $241.91. The company had a trading volume of 114,353 shares, compared to its average volume of 524,794. The firm has a market capitalization of $28.41 billion, a price-to-earnings ratio of 36.37 and a beta of 0.94. 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, Inc. has a 1-year low of $201.67 and a 1-year high of $247.01. The company's fifty day moving average is $239.76 and its 200-day moving average is $236.55.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping 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 analysts' expectations of $1.86 billion. During the same period in the previous year, the firm posted $2.23 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

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. The ex-dividend date was Thursday, June 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.46%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 52.93%.

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.