MCF Advisors LLC Increases Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

MCF Advisors LLC lifted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,220 shares of the business services provider’s stock after buying an additional 68 shares during the quarter. MCF Advisors LLC’s holdings in Broadridge Financial Solutions were worth $276,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Atomi Financial Group Inc. raised its position in Broadridge Financial Solutions by 39.7% during the fourth quarter. Atomi Financial Group Inc. now owns 4,104 shares of the business services provider’s stock worth $928,000 after acquiring an additional 1,166 shares during the period. Transform Wealth LLC raised its holdings in shares of Broadridge Financial Solutions by 2.7% during the fourth quarter. Transform Wealth LLC now owns 41,450 shares of the business services provider’s stock valued at $9,408,000 after acquiring an additional 1,098 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Broadridge Financial Solutions by 5.7% in the fourth quarter. Ballentine Partners LLC now owns 1,720 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 92 shares in the last quarter. Addenda Capital Inc. boosted its stake in shares of Broadridge Financial Solutions by 11.2% in the fourth quarter. Addenda Capital Inc. now owns 51,548 shares of the business services provider’s stock worth $11,693,000 after acquiring an additional 5,209 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Broadridge Financial Solutions by 12.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 526 shares of the business services provider’s stock worth $119,000 after purchasing an additional 57 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 15,710 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares in the company, valued at approximately $2,797,466.72. The trade was a 56.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,532 shares of company stock worth $12,264,846. Company insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Price Performance

Shares of BR opened at $233.93 on Wednesday. The firm has a market capitalization of $27.34 billion, a price-to-earnings ratio of 40.47 and a beta of 1.08. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm’s fifty day simple moving average is $229.66 and its 200-day simple moving average is $218.47. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.09 earnings per share. Equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is currently 60.90%.

Analyst Ratings Changes

A number of research firms recently weighed in on BR. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. UBS Group initiated coverage on Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a “neutral” rating and a $250.00 target price for the company. Morgan Stanley upped their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. Finally, DA Davidson increased their price objective on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has a consensus rating of “Hold” and a consensus target price of $226.71.

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.