NBC Securities Inc. Purchases 5,791 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

NBC Securities Inc. increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 115,820.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,796 shares of the business services provider's stock after acquiring an additional 5,791 shares during the period. NBC Securities Inc.'s holdings in Broadridge Financial Solutions were worth $1,405,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BR. Minot DeBlois Advisors LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $34,000. Gen Wealth Partners Inc bought a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $36,000. Global X Japan Co. Ltd. bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at $41,000. Curio Wealth LLC bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at $45,000. Finally, Promus Capital LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth $52,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Up 0.1%

Shares of BR traded up $0.16 during mid-day trading on Wednesday, reaching $244.17. The company's stock had a trading volume of 435,024 shares, compared to its average volume of 523,773. The company has a market cap of $28.68 billion, a price-to-earnings ratio of 38.21 and a beta of 0.98. The business has a fifty day moving average of $236.07 and a 200 day moving average of $234.36. 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, Inc. has a 1 year low of $192.68 and a 1 year high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data 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. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the business earned $2.23 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Thursday, June 12th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is presently 52.93%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Broadridge Financial Solutions

In related news, Director Pamela L. Carter sold 4,829 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total value of $1,169,728.67. Following the completion of the sale, the director now directly owns 7,242 shares in the company, valued at approximately $1,754,229.66. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the transaction, the chief executive officer now directly owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,873 shares of company stock valued at $31,337,863. Corporate insiders own 1.30% of the company's stock.

About Broadridge Financial Solutions

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.