Geneos Wealth Management Inc. Sells 10,698 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Geneos Wealth Management Inc. reduced its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,351 shares of the business services provider's stock after selling 10,698 shares during the quarter. Geneos Wealth Management Inc.'s holdings in Broadridge Financial Solutions were worth $5,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 0.8% in the first quarter. Vanguard Group Inc. now owns 13,714,442 shares of the business services provider's stock worth $2,135,476,000 after acquiring an additional 108,223 shares during the period. Morgan Stanley grew its stake in shares of Broadridge Financial Solutions by 41.0% in the fourth quarter. Morgan Stanley now owns 7,043,656 shares of the business services provider's stock worth $944,766,000 after acquiring an additional 2,048,184 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Broadridge Financial Solutions by 2.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,488,037 shares of the business services provider's stock worth $511,243,000 after acquiring an additional 96,566 shares during the period. Geode Capital Management LLC grew its stake in shares of Broadridge Financial Solutions by 1.5% in the first quarter. Geode Capital Management LLC now owns 2,519,784 shares of the business services provider's stock worth $368,593,000 after acquiring an additional 37,989 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its stake in shares of Broadridge Financial Solutions by 85.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,230,810 shares of the business services provider's stock worth $299,219,000 after acquiring an additional 1,025,907 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BR. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, March 27th. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Raymond James raised their price objective on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Finally, Evercore ISI reissued an "outperform" rating and issued a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five equities research 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, the company currently has a consensus rating of "Hold" and a consensus target price of $203.17.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 12,731 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $201.02, for a total transaction of $2,559,185.62. Following the transaction, the vice president now owns 13,303 shares in the company, valued at $2,674,169.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Douglas Richard Deschutter sold 22,722 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $199.00, for a total transaction of $4,521,678.00. Following the transaction, the insider now owns 44,680 shares in the company, valued at approximately $8,891,320. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock worth $9,745,637 over the last quarter. Insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock traded up $2.36 on Tuesday, hitting $207.23. 576,895 shares of the company traded hands, compared to its average volume of 527,493. The stock has a market capitalization of $24.41 billion, a P/E ratio of 35.91 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.40 and a current ratio of 1.40. Broadridge Financial Solutions, Inc. has a 52 week low of $139.46 and a 52 week high of $210.24. The business has a 50-day simple moving average of $201.34 and a 200 day simple moving average of $193.14.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Broadridge Financial Solutions's quarterly revenue was up 8.7% on a year-over-year basis. Research analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.75%.

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.

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