1,059 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Purchased by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,059 shares of the business services provider's stock, valued at approximately $257,000.

Several other hedge funds have also bought and sold shares of BR. Curio Wealth LLC purchased a new stake in Broadridge Financial Solutions during the fourth quarter valued at $45,000. Northstar Asset Management Inc. bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at $2,750,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Broadridge Financial Solutions in the fourth quarter worth $353,000. Congress Asset Management Co. boosted its stake in Broadridge Financial Solutions by 1.9% in the 4th quarter. Congress Asset Management Co. now owns 83,799 shares of the business services provider's stock worth $18,946,000 after purchasing an additional 1,579 shares in the last quarter. Finally, Lord & Richards Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter valued at about $539,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Price Performance

BR stock traded down $1.42 on Thursday, hitting $239.76. 388,414 shares of the company's stock traded hands, compared to its average volume of 524,132. The company has a current ratio of 1.35, a quick 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. The stock has a market cap of $28.16 billion, a price-to-earnings ratio of 37.52 and a beta of 0.96. The stock has a fifty day moving average of $236.57 and a 200-day moving average of $235.00.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The company's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.23 earnings per share. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS 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. Stockholders of record on Thursday, June 12th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio is 52.93%.

Insider Transactions at Broadridge Financial Solutions

In related news, insider Hope M. Jarkowski sold 1,068 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total value of $251,214.96. Following the transaction, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Maura A. Markus sold 3,556 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the completion of the transaction, the director now owns 30,892 shares in the company, valued at approximately $7,509,227.36. The trade was a 10.32% 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 in the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.