Czech National Bank Grows Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Czech National Bank raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 6.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 26,877 shares of the business services provider's stock after purchasing an additional 1,533 shares during the period. Czech National Bank's holdings in Broadridge Financial Solutions were worth $6,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Minot DeBlois Advisors LLC bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $34,000. Gen Wealth Partners Inc bought a new position in Broadridge Financial Solutions in the 4th quarter worth $36,000. Global X Japan Co. Ltd. bought a new position in Broadridge Financial Solutions in the 4th quarter worth $41,000. Curio Wealth LLC purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth $45,000. Finally, Promus Capital LLC purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth $52,000. Institutional investors own 90.03% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on BR. Royal Bank of Canada restated an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC started coverage on Broadridge Financial Solutions in a research note on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $250.83.

Insider Transactions at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 22,357 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $235.23, for a total value of $5,259,037.11. Following the completion of the transaction, the president now owns 52,524 shares of the company's stock, valued at approximately $12,355,220.52. This trade represents a 29.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hope M. Jarkowski sold 1,068 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $235.22, for a total value of $251,214.96. Following the sale, the insider now directly owns 1,070 shares in the company, valued at $251,685.40. The trade was a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,873 shares of company stock valued at $31,337,863 in the last ninety days. Corporate insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock traded up $0.16 during mid-day trading on Wednesday, hitting $244.17. The company had a trading volume of 435,024 shares, compared to its average volume of 523,773. The company has a 50-day moving average price of $236.07 and a 200 day moving average price of $234.36. Broadridge Financial Solutions, Inc. has a 12-month low of $192.68 and a 12-month high of $247.01. The company has a market capitalization of $28.68 billion, a price-to-earnings ratio of 38.21 and a beta of 0.98. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company 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 business earned $2.23 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be issued a dividend of $0.88 per share. The ex-dividend date is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 52.93%.

Broadridge Financial Solutions Company 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.