Stuart R. Levine Sells 25,260 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) Stock

Broadridge Financial Solutions, Inc. (NYSE:BR) Director Stuart R. Levine sold 25,260 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $126.27, for a total transaction of $3,189,580.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:BR traded up $1.09 during midday trading on Thursday, reaching $126.67. The company’s stock had a trading volume of 1,045,839 shares, compared to its average volume of 843,832. The firm has a market capitalization of $14.23 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 2.43 and a beta of 0.72. Broadridge Financial Solutions, Inc. has a twelve month low of $91.34 and a twelve month high of $138.24. The firm has a fifty day moving average price of $130.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.30 and a quick ratio of 1.30.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $1.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.72. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. Broadridge Financial Solutions had a net margin of 11.05% and a return on equity of 46.61%. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 earnings per share. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 5.13 EPS for the current year.



The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th will be paid a $0.54 dividend. The ex-dividend date is Thursday, September 12th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.49. Broadridge Financial Solutions’s dividend payout ratio is presently 41.63%.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Broadridge Financial Solutions by 0.9% in the second quarter. Vanguard Group Inc. now owns 14,484,063 shares of the business services provider’s stock valued at $1,849,324,000 after purchasing an additional 134,732 shares during the period. Janus Henderson Group PLC grew its position in shares of Broadridge Financial Solutions by 17.7% in the first quarter. Janus Henderson Group PLC now owns 7,824,319 shares of the business services provider’s stock valued at $811,304,000 after purchasing an additional 1,177,867 shares during the period. Morgan Stanley grew its position in shares of Broadridge Financial Solutions by 945.4% in the second quarter. Morgan Stanley now owns 3,337,325 shares of the business services provider’s stock valued at $426,109,000 after purchasing an additional 3,018,094 shares during the period. Baillie Gifford & Co. acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $243,622,000. Finally, Nuveen Asset Management LLC grew its position in shares of Broadridge Financial Solutions by 909.0% in the second quarter. Nuveen Asset Management LLC now owns 1,190,667 shares of the business services provider’s stock valued at $152,024,000 after purchasing an additional 1,072,664 shares during the period. Hedge funds and other institutional investors own 84.28% of the company’s stock.

A number of analysts have recently weighed in on BR shares. Raymond James lowered shares of Broadridge Financial Solutions from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. SunTrust Banks increased their price objective on shares of Broadridge Financial Solutions from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. ValuEngine lowered shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. DA Davidson lowered shares of Broadridge Financial Solutions from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a research note on Wednesday, May 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $129.20.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. 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 offers ProxyEdge, an electronic proxy delivery and voting solution.

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Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

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