Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Reduces Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,593 shares of the business services provider's stock after selling 12,269 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.24% of Broadridge Financial Solutions worth $58,114,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BR. OFI Invest Asset Management acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $25,000. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $32,000. BKM Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $37,000. First Command Advisory Services Inc. acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $34,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Activity at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 12,200 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total value of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares of the company's stock, valued at approximately $6,648,980.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 12,200 shares of the firm's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the transaction, the insider now directly owns 32,480 shares of the company's stock, valued at approximately $6,648,980.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert N. Duelks sold 830 shares of the firm's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $201.58, for a total transaction of $167,311.40. Following the transaction, the director now directly owns 5,445 shares in the company, valued at $1,097,603.10. The disclosure for this sale can be found here. Insiders have sold 48,483 shares of company stock valued at $9,745,637 in the last ninety days. Insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Stock Up 0.4 %

Shares of BR traded up $0.85 during midday trading on Monday, reaching $194.23. The stock had a trading volume of 318,416 shares, compared to its average volume of 512,714. Broadridge Financial Solutions, Inc. has a 1-year low of $139.52 and a 1-year high of $210.24. The company's fifty day simple moving average is $200.66 and its two-hundred day simple moving average is $194.34. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 33.84 and a beta of 0.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.40 and a quick ratio of 1.40.

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

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date was Thursday, March 14th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Raymond James upped 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. Royal Bank of Canada increased their target price 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. Evercore ISI reiterated an "outperform" rating and set a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Finally, DA Davidson reiterated a "neutral" rating and set a $185.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $206.67.

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.

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