Broadridge Financial Solutions, Inc. (NYSE:BR) President Sells $34,020.00 in Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry sold 162 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the sale, the president now owns 67,267 shares of the company’s stock, valued at $14,126,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Christopher John Perry also recently made the following trade(s):

• On Friday, August 16th, Christopher John Perry sold 300 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $210.00, for a total transaction of $63,000.00.
• On Wednesday, August 14th, Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $207.37, for a total transaction of $6,540,242.43.

Broadridge Financial Solutions Stock Up 0.3 %

Shares of NYSE BR traded up $0.61 during mid-day trading on Monday, reaching $209.32. 713,031 shares of the company’s stock traded hands, compared to its average volume of 525,171. The stock has a market cap of $24.74 billion, a P/E ratio of 35.72 and a beta of 1.04. The business has a 50-day simple moving average of $205.06 and a 200 day simple moving average of $201.47. Broadridge Financial Solutions, Inc. has a 1-year low of $166.73 and a 1-year high of $223.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.01. The firm had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $3.21 earnings per share. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.88 per share. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.07%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $213.00 to $224.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Finally, DA Davidson restated a “neutral” rating and issued a $185.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, June 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $213.17.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BR. LifeSteps Financial Inc. bought a new position in shares of Broadridge Financial Solutions during the first quarter valued at about $32,000. EdgeRock Capital LLC bought a new stake in Broadridge Financial Solutions in the second quarter worth about $32,000. Rothschild Investment LLC bought a new stake in Broadridge Financial Solutions in the second quarter worth about $32,000. Stuart Chaussee & Associates Inc. bought a new stake in Broadridge Financial Solutions in the fourth quarter worth about $34,000. Finally, Manchester Capital Management LLC raised its position in Broadridge Financial Solutions by 57.1% in the fourth quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock worth $34,000 after acquiring an additional 60 shares during the period. 90.03% of the stock is owned by institutional investors.

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.