Laurion Capital Management LP Decreases Stake in Broadridge Financial Solutions, Inc. (NYSE:BR)

Laurion Capital Management LP reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,500 shares of the business services provider's stock after selling 9,264 shares during the period. Laurion Capital Management LP's holdings in Broadridge Financial Solutions were worth $1,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Curio Wealth LLC purchased a new position in Broadridge Financial Solutions in the fourth quarter valued at $45,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Broadridge Financial Solutions by 53.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider's stock valued at $2,434,000 after buying an additional 3,753 shares during the period. Miracle Mile Advisors LLC grew its position in shares of Broadridge Financial Solutions by 98.0% during the fourth quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider's stock worth $550,000 after buying an additional 1,204 shares in the last quarter. Park Place Capital Corp grew its position in shares of Broadridge Financial Solutions by 31.3% during the fourth quarter. Park Place Capital Corp now owns 5,831 shares of the business services provider's stock worth $1,318,000 after buying an additional 1,391 shares in the last quarter. Finally, Crown Oak Advisors LLC raised its holdings in Broadridge Financial Solutions by 10.8% in the fourth quarter. Crown Oak Advisors LLC now owns 36,376 shares of the business services provider's stock valued at $8,224,000 after acquiring an additional 3,553 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

NYSE BR traded up $2.79 during trading hours on Thursday, hitting $240.28. The company had a trading volume of 360,625 shares, compared to its average volume of 532,059. The business has a 50 day moving average of $233.76 and a 200-day moving average of $232.23. The company has a market cap of $28.22 billion, a PE ratio of 37.60 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 1-year low of $192.68 and a 1-year high of $247.01. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $1.86 billion. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 EPS. As a group, equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders 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 yield of 1.46%. The ex-dividend date is Thursday, June 12th. Broadridge Financial Solutions's payout ratio is currently 52.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Morgan Stanley lifted their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. DA Davidson reiterated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Royal Bank of Canada boosted their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Five research 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 target price of $250.83.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 3,607 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $237.26, for a total value of $855,796.82. Following the transaction, the vice president now directly owns 6,077 shares of the company's stock, valued at approximately $1,441,829.02. The trade was a 37.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total transaction of $115,396.05. Following the completion of the sale, the director now directly owns 4,960 shares in the company, valued at approximately $1,180,132.80. The trade was a 8.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,473 shares of company stock worth $29,072,366. 1.30% of the stock is owned by company insiders.

Broadridge Financial Solutions Company 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.