Signal Advisors Wealth LLC Boosts Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Signal Advisors Wealth LLC raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 18.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,536 shares of the business services provider's stock after purchasing an additional 3,340 shares during the period. Signal Advisors Wealth LLC's holdings in Broadridge Financial Solutions were worth $5,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BR. Whipplewood Advisors LLC raised its position in shares of Broadridge Financial Solutions by 2,620.0% during the 1st 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 stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $34,000. Gen Wealth Partners Inc acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $36,000. Global X Japan Co. Ltd. acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $41,000. Finally, Curio Wealth LLC acquired a new stake in shares of Broadridge Financial Solutions during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

BR traded up $0.56 during trading on Friday, hitting $245.45. 309,800 shares of the stock were exchanged, compared to its average volume of 523,343. The stock has a fifty day moving average price of $236.25 and a two-hundred day moving average price of $234.69. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01. The firm has a market capitalization of $28.83 billion, a P/E ratio of 38.41 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 announced its earnings results on Thursday, May 1st. The business services provider reported $2.44 earnings per share for the quarter, beating 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business posted $2.23 EPS. The company's revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

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 paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $3.52 annualized dividend and a dividend yield of 1.43%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 52.93%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions 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 sale, the director now directly owns 30,892 shares in the company, valued at $7,509,227.36. The trade was a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Hope M. Jarkowski sold 1,068 shares of Broadridge Financial Solutions stock in a transaction that occurred 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 completion of the sale, the insider now owns 1,070 shares in the company, valued at approximately $251,685.40. This trade represents a 49.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,072 shares of company stock worth $26,943,219. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.