Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry Sells 17,534 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) President Christopher John Perry sold 17,534 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the completion of the transaction, the president now directly owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 21st, Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $210.22, for a total transaction of $1,366,640.22.
• On Monday, August 19th, Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.00, for a total value of $34,020.00.
• 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 value of $63,000.00.
• On Wednesday, August 14th, Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $207.37, for a total value of $6,540,242.43.

Broadridge Financial Solutions Price Performance

BR stock opened at $210.52 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. The company’s fifty day simple moving average is $209.52 and its 200 day simple moving average is $203.03. Broadridge Financial Solutions, Inc. has a 12-month low of $166.73 and a 12-month high of $223.81. The firm has a market cap of $24.57 billion, a price-to-earnings ratio of 35.92 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last announced 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. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the previous year, the business earned $3.21 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 earnings per share for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.67%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. The ex-dividend date is Thursday, September 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 54.61%.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds have recently modified their holdings of BR. Vanguard Group Inc. grew its stake in shares of Broadridge Financial Solutions by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock valued at $2,866,238,000 after buying an additional 39,537 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Broadridge Financial Solutions by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,168,197 shares of the business services provider’s stock worth $853,898,000 after acquiring an additional 28,180 shares in the last quarter. Capital International Investors grew its stake in Broadridge Financial Solutions by 0.3% in the first quarter. Capital International Investors now owns 3,061,983 shares of the business services provider’s stock valued at $627,278,000 after acquiring an additional 7,970 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Broadridge Financial Solutions by 3.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,496,678 shares of the business services provider’s stock valued at $306,609,000 after acquiring an additional 43,958 shares in the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Broadridge Financial Solutions by 0.6% during the second quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider’s stock worth $218,447,000 after purchasing an additional 6,634 shares during the period. Institutional investors own 90.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BR. JPMorgan Chase & Co. raised their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. DA Davidson reaffirmed a “neutral” rating and set a $185.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, June 11th. StockNews.com upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada increased their price objective on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

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.