Stephens Inc. AR lowered its position in Broadridge Financial Solutions, Inc. (NYSE:BR – Get Rating) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,132 shares of the business services provider’s stock after selling 76 shares during the period. Stephens Inc. AR’s holdings in Broadridge Financial Solutions were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Dark Forest Capital Management LP purchased a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $25,000. Venture Visionary Partners LLC purchased a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $28,000. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Broadridge Financial Solutions in the third quarter valued at approximately $29,000. Clear Street Markets LLC boosted its position in Broadridge Financial Solutions by 406.3% in the second quarter. Clear Street Markets LLC now owns 243 shares of the business services provider’s stock valued at $35,000 after buying an additional 195 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in Broadridge Financial Solutions by 82.5% in the first quarter. Lumature Wealth Partners LLC now owns 365 shares of the business services provider’s stock valued at $57,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.
Broadridge Financial Solutions Trading Up 0.1 %
Shares of BR stock opened at $150.26 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 1.23 and a quick ratio of 1.23. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 34.15 and a beta of 0.93. The stock has a 50 day simple moving average of $141.59 and a 200-day simple moving average of $151.09. Broadridge Financial Solutions, Inc. has a 1-year low of $131.35 and a 1-year high of $183.33.
Broadridge Financial Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 5th. Stockholders of record on Thursday, December 15th were paid a dividend of $0.725 per share. This represents a $2.90 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, December 14th. Broadridge Financial Solutions’s payout ratio is 65.91%.
Insider Buying and Selling
In related news, Director Thomas J. Perna sold 42,417 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $147.57, for a total transaction of $6,259,476.69. Following the completion of the sale, the director now directly owns 29,704 shares in the company, valued at $4,383,419.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on BR. Raymond James decreased their price target on Broadridge Financial Solutions from $189.00 to $180.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. DA Davidson decreased their price target on Broadridge Financial Solutions to $160.00 in a report on Thursday, October 27th. StockNews.com began coverage on Broadridge Financial Solutions in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wolfe Research decreased their price target on Broadridge Financial Solutions from $137.00 to $135.00 in a report on Thursday, January 5th. Finally, TheStreet downgraded Broadridge Financial Solutions from a “b” rating to a “c+” rating in a report on Wednesday, November 2nd.
Broadridge Financial Solutions Profile
Broadridge Financial Solutions, Inc engages in the provision of investor communications and technology solutions to banks, broker-dealers, mutual funds, and corporate issuers. It operates through the following segments: Investor Communication Solutions and Global Technology and Operations. The Investor Communication Solutions segment offers services for broker-dealer investor communication, customer communication, corporate issuer, advisor solutions, and mutual fund and retirement solutions.
- Get a free copy of the StockNews.com research report on Broadridge Financial Solutions (BR)
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