33,833 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Purchased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 33,833 shares of the business services provider's stock, valued at approximately $6,961,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $25,000. Headinvest LLC acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $32,000. First Command Advisory Services Inc. bought a new stake in Broadridge Financial Solutions during the 3rd quarter valued at approximately $34,000. Stuart Chaussee & Associates Inc. acquired a new position in shares of Broadridge Financial Solutions during the fourth quarter worth approximately $34,000. Finally, Truvestments Capital LLC acquired a new stake in Broadridge Financial Solutions in the 3rd quarter worth $37,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Down 5.4 %

NYSE:BR traded down $10.90 on Wednesday, hitting $190.46. 875,493 shares of the stock were exchanged, compared to its average volume of 497,195. 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 $144.54 and a 52 week high of $210.24. The stock has a market capitalization of $22.43 billion, a price-to-earnings ratio of 33.18 and a beta of 0.98. The company's 50-day moving average price is $200.29 and its 200 day moving average price is $195.66.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing the consensus estimate of $2.24 by ($0.01). Broadridge Financial Solutions had a net margin of 10.82% and a return on equity of 41.12%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. The business's revenue was up 4.9% on a year-over-year basis. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.80 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.20 annualized dividend and a dividend yield of 1.68%. Broadridge Financial Solutions's dividend payout ratio is currently 55.75%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Douglas Richard Deschutter sold 12,200 shares of the firm's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $204.71, for a total transaction of $2,497,462.00. Following the completion of the sale, 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 SEC, which is available at the SEC website. In other news, Director Robert N. Duelks sold 830 shares of the 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 completion of the transaction, the director now owns 5,445 shares in the company, valued at approximately $1,097,603.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 12,200 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 32,480 shares in the company, valued at $6,648,980.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,761 shares of company stock worth $5,223,959. Insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Royal Bank of Canada increased their target price on Broadridge Financial Solutions from $212.00 to $239.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday. DA Davidson reissued a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a report on Wednesday, April 10th. Finally, Raymond James boosted their target price on shares of Broadridge Financial Solutions from $205.00 to $214.00 and gave the stock an "outperform" rating in a research note on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $206.67.

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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