Sowell Financial Services LLC Buys Shares of 2,180 Broadridge Financial Solutions, Inc. (NYSE:BR)

Sowell Financial Services LLC purchased a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,180 shares of the business services provider's stock, valued at approximately $529,000.

A number of other institutional investors have also recently made changes to their positions in BR. Whipplewood Advisors LLC lifted its holdings in shares of Broadridge Financial Solutions by 2,620.0% in the 1st quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider's stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Minot DeBlois Advisors LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $34,000. Gen Wealth Partners Inc bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $36,000. Curio Wealth LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $45,000. Finally, Promus Capital LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $52,000. Institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 0.6%

Shares of NYSE:BR traded down $1.42 during trading on Friday, reaching $236.37. 739,210 shares of the company were exchanged, compared to its average volume of 526,117. The firm has a market capitalization of $27.76 billion, a PE ratio of 35.54 and a beta of 0.96. The business's fifty day simple moving average is $238.36 and its 200-day simple moving average is $235.15. Broadridge Financial Solutions, Inc. has a 12-month low of $195.64 and a 12-month high of $247.01. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.32 and a quick ratio of 1.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.41 by $0.03. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company posted $2.23 earnings per share. On average, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS 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. Stockholders 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 dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 12th. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 52.93%.

Insider Transactions at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,068 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $235.22, for a total transaction of $251,214.96. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maura A. Markus sold 3,556 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $243.08, for a total transaction of $864,392.48. Following the transaction, the director now owns 30,892 shares in the company, valued at approximately $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,116 shares of company stock valued at $4,352,298. 1.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on BR shares. Needham & Company LLC started coverage on shares of Broadridge Financial Solutions in a report on Tuesday, May 6th. They issued a "buy" rating and a $300.00 price target for the company. Wall Street Zen raised 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 reissued an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company 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.