Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. cut its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,245 shares of the business services provider’s stock after selling 182 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Broadridge Financial Solutions were worth $2,203,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BR. Brookstone Capital Management acquired a new position in Broadridge Financial Solutions during the first quarter worth $253,000. Wealth Enhancement Advisory Services LLC raised its holdings in Broadridge Financial Solutions by 86.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,814 shares of the business services provider’s stock worth $6,108,000 after purchasing an additional 13,851 shares during the last quarter. New England Research & Management Inc. acquired a new position in Broadridge Financial Solutions during the first quarter worth $1,465,000. Webster Bank N. A. raised its holdings in Broadridge Financial Solutions by 120.2% during the first quarter. Webster Bank N. A. now owns 447 shares of the business services provider’s stock worth $92,000 after purchasing an additional 244 shares during the last quarter. Finally, Occidental Asset Management LLC increased its position in Broadridge Financial Solutions by 6.1% during the first quarter. Occidental Asset Management LLC now owns 16,329 shares of the business services provider’s stock worth $3,345,000 after buying an additional 936 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now owns 67,215 shares in the company, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.37, for a total value of $6,540,242.43. Following the transaction, the president now owns 67,215 shares in the company, valued at approximately $13,938,374.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laura Matlin sold 673 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $216.00, for a total value of $145,368.00. Following the completion of the transaction, the vice president now owns 5,530 shares in the company, valued at $1,194,480. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,386 shares of company stock worth $28,112,824. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BR shares. JPMorgan Chase & Co. raised their price target on Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. StockNews.com downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada raised their price target on Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $213.33.

Broadridge Financial Solutions Price Performance

Shares of NYSE:BR opened at $216.78 on Friday. The company has a market cap of $25.62 billion, a P/E ratio of 36.99 and a beta of 1.05. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 52 week low of $166.73 and a 52 week high of $224.32. The business has a fifty day simple moving average of $213.22 and a 200-day simple moving average of $205.59.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Tuesday, August 6th. The business services provider reported $3.50 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.01. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.96 billion. Broadridge Financial Solutions had a return on equity of 42.77% and a net margin of 10.73%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 earnings per share. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a $0.88 dividend. The ex-dividend date was Thursday, September 12th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s payout ratio is currently 60.07%.

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.