Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Motley Fool Wealth Management LLC

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Broadridge Financial Solutions by 10.4% in the first quarter, owning 98,286 shares, which accounts for about 1.4% of its total portfolio.
• Broadridge Financial Solutions recently announced a dividend increase to $0.975 per share from $0.88, representing an annual yield of 1.5%.
• Research analysts have shown positive sentiment towards Broadridge, with multiple firms upgrading their ratings and increasing price targets, while the consensus rating remains a "Hold" with a target of $261.50.

Motley Fool Wealth Management LLC lowered its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,286 shares of the business services provider's stock after selling 11,354 shares during the quarter. Broadridge Financial Solutions accounts for 1.4% of Motley Fool Wealth Management LLC's portfolio, making the stock its 19th biggest holding. Motley Fool Wealth Management LLC owned about 0.08% of Broadridge Financial Solutions worth $23,831,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BR. Nuveen LLC bought a new stake in Broadridge Financial Solutions during the 1st quarter valued at $91,445,000. Aigen Investment Management LP bought a new stake in Broadridge Financial Solutions during the 1st quarter valued at $1,351,000. Strengthening Families & Communities LLC raised its position in Broadridge Financial Solutions by 3.0% during the 1st quarter. Strengthening Families & Communities LLC now owns 13,153 shares of the business services provider's stock valued at $3,164,000 after purchasing an additional 386 shares in the last quarter. King Luther Capital Management Corp raised its position in Broadridge Financial Solutions by 3.7% during the 1st quarter. King Luther Capital Management Corp now owns 265,380 shares of the business services provider's stock valued at $64,344,000 after purchasing an additional 9,391 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of Broadridge Financial Solutions in the 1st quarter worth $770,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.4%

NYSE:BR traded up $0.96 during mid-day trading on Friday, hitting $260.19. 256,734 shares of the company's stock traded hands, compared to its average volume of 585,675. The company has a fifty day moving average of $245.10 and a 200 day moving average of $239.62. Broadridge Financial Solutions, Inc. has a twelve month low of $206.95 and a twelve month high of $271.91. The company has a market capitalization of $30.48 billion, a P/E ratio of 36.70 and a beta of 0.94. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share for the quarter, beating the consensus estimate of $3.51 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 EPS. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions's previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 49.65%.

Insider Buying and Selling

In other news, Director Maura A. Markus sold 3,556 shares of the company's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the sale, the director owned 30,892 shares in the company, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Christopher John Perry sold 7,036 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the completion of the sale, the president owned 48,813 shares in the company, valued at $12,824,151.36. The trade was a 12.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,477 shares of company stock worth $5,093,784 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

BR has been the subject of several recent research reports. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $259.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Needham & Company LLC boosted their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley boosted their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and a consensus target price of $261.50.

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.