WASHINGTON TRUST Co Has $14.15 Million Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

WASHINGTON TRUST Co decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,376 shares of the business services provider's stock after selling 1,504 shares during the period. WASHINGTON TRUST Co's holdings in Broadridge Financial Solutions were worth $14,154,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BR. MorganRosel Wealth Management LLC lifted its holdings in Broadridge Financial Solutions by 17.7% during the first quarter. MorganRosel Wealth Management LLC now owns 4,000 shares of the business services provider's stock worth $970,000 after buying an additional 602 shares during the period. Amalgamated Bank raised its holdings in Broadridge Financial Solutions by 1.1% in the first quarter. Amalgamated Bank now owns 26,061 shares of the business services provider's stock worth $6,319,000 after purchasing an additional 279 shares in the last quarter. Barnes Pettey Financial Advisors LLC raised its holdings in Broadridge Financial Solutions by 20.0% in the first quarter. Barnes Pettey Financial Advisors LLC now owns 1,200 shares of the business services provider's stock worth $291,000 after purchasing an additional 200 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the first quarter valued at about $29,000. Finally, BSW Wealth Partners grew its position in shares of Broadridge Financial Solutions by 3.2% in the 1st quarter. BSW Wealth Partners now owns 1,686 shares of the business services provider's stock worth $409,000 after buying an additional 52 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, 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 value of $864,392.48. Following the completion of the sale, the director directly owned 30,892 shares of the company's stock, valued at $7,509,227.36. This represents a 10.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela L. Carter sold 4,829 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $242.23, for a total transaction of $1,169,728.67. Following the completion of the transaction, the director directly owned 7,242 shares in the company, valued at approximately $1,754,229.66. This represents a 40.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,116 shares of company stock worth $4,352,298 over the last three months. Company insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

NYSE:BR traded down $7.70 during mid-day trading on Wednesday, hitting $237.03. 412,605 shares of the company's stock traded hands, compared to its average volume of 531,971. Broadridge Financial Solutions, Inc. has a 1 year low of $198.18 and a 1 year high of $247.01. The firm's 50 day simple moving average is $239.25 and its 200 day simple moving average is $235.46. The company has a market cap of $27.84 billion, a PE ratio of 35.65 and a beta of 0.95. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.32 and a current ratio of 1.32.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted 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 44.82% and a net margin of 11.65%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the previous year, the business earned $2.23 EPS. Broadridge Financial Solutions's revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Thursday, June 12th will be issued 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 1.49%. Broadridge Financial Solutions's dividend payout ratio (DPR) is 52.93%.

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.