MBE Wealth Management LLC Invests $357,000 in Broadridge Financial Solutions, Inc. (NYSE:BR)

MBE Wealth Management LLC acquired a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,471 shares of the business services provider's stock, valued at approximately $357,000.

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

Insiders Place Their Bets

In related news, insider Douglas Richard Deschutter sold 5,056 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $239.55, for a total value of $1,211,164.80. Following the transaction, the insider now directly owns 21,167 shares in the company, valued at approximately $5,070,554.85. This trade represents a 19.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction, the director now directly owns 7,242 shares of the company's stock, valued at approximately $1,754,229.66. This represents a 40.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,116 shares of company stock valued at $4,352,298 over the last quarter. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BR shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $259.00 price target on shares of Broadridge Financial Solutions in a report on Monday, May 19th. Needham & Company LLC initiated coverage on Broadridge Financial Solutions in a research report on Tuesday, May 6th. They set a "buy" rating and a $300.00 price objective for the company. Finally, Wall Street Zen upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $250.83.

Broadridge Financial Solutions Stock Up 1.7%

BR stock traded up $4.00 during mid-day trading on Monday, hitting $240.50. The stock had a trading volume of 339,181 shares, compared to its average volume of 524,363. Broadridge Financial Solutions, Inc. has a 1-year low of $195.64 and a 1-year high of $247.01. The company has a fifty day moving average of $238.44 and a 200 day moving average of $235.20. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $28.25 billion, a price-to-earnings ratio of 36.17 and a beta of 0.96.

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 the consensus estimate of $2.41 by $0.03. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. Broadridge Financial Solutions had a net margin of 11.65% and a return on equity of 44.82%. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.23 earnings per share. On average, equities analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 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.