Mindset Wealth Management LLC Has $446,000 Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Mindset Wealth Management LLC lifted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,971 shares of the business services provider’s stock after purchasing an additional 54 shares during the quarter. Mindset Wealth Management LLC’s holdings in Broadridge Financial Solutions were worth $446,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wayfinding Financial LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $223,000. Whittier Trust Co. of Nevada Inc. grew its position in shares of Broadridge Financial Solutions by 14.8% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 713 shares of the business services provider’s stock valued at $161,000 after purchasing an additional 92 shares during the period. Teacher Retirement System of Texas grew its position in shares of Broadridge Financial Solutions by 48.4% in the 4th quarter. Teacher Retirement System of Texas now owns 207,029 shares of the business services provider’s stock valued at $46,807,000 after purchasing an additional 67,500 shares during the period. Royal London Asset Management Ltd. boosted its position in Broadridge Financial Solutions by 7.4% during the 4th quarter. Royal London Asset Management Ltd. now owns 102,356 shares of the business services provider’s stock worth $23,142,000 after acquiring an additional 7,051 shares during the last quarter. Finally, Bestgate Wealth Advisors LLC acquired a new position in Broadridge Financial Solutions during the 4th quarter worth approximately $255,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Down 0.6 %

BR opened at $233.90 on Friday. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $246.58. The stock’s fifty day simple moving average is $235.82 and its 200 day simple moving average is $226.48. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock has a market cap of $27.37 billion, a PE ratio of 36.60 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the previous year, the firm posted $0.92 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions’s payout ratio is 55.09%.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Laura Matlin sold 514 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total transaction of $124,182.40. Following the transaction, the vice president now owns 6,602 shares in the company, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the transaction, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock worth $29,397,793 in the last 90 days. Company insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on BR. Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. DA Davidson reaffirmed a “neutral” rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Morgan Stanley upped their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Royal Bank of Canada increased their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, UBS Group increased their price objective on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Hold” and an average price target of $239.17.

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.