Raleigh Capital Management Inc. Has $218,000 Stock Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Raleigh Capital Management Inc. grew its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5,250.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 963 shares of the business services provider’s stock after buying an additional 945 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. NBC Securities Inc. lifted its stake in Broadridge Financial Solutions by 0.8% in the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider’s stock valued at $1,279,000 after acquiring an additional 45 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Broadridge Financial Solutions by 4.0% in the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider’s stock valued at $268,000 after purchasing an additional 48 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Broadridge Financial Solutions by 5.5% in the fourth quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider’s stock worth $248,000 after purchasing an additional 57 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 during the last quarter. Finally, Huntington National Bank grew its position in Broadridge Financial Solutions by 2.8% in the third quarter. Huntington National Bank now owns 2,233 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 61 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Analyst Ratings Changes

BR has been the topic of several analyst reports. Morgan Stanley upped their target price on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. UBS Group initiated coverage on Broadridge Financial Solutions in a report on Thursday, November 21st. They issued a “neutral” rating and a $250.00 price objective for the company. Wolfe Research restated a “peer perform” rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, DA Davidson reiterated a “neutral” rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday. Six investment 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, the company currently has an average rating of “Hold” and a consensus price target of $226.71.

Broadridge Financial Solutions Stock Up 0.8 %

NYSE BR opened at $236.77 on Friday. The business has a fifty day moving average price of $229.95 and a two-hundred day moving average price of $218.71. The stock has a market capitalization of $27.68 billion, a PE ratio of 40.96 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $237.96. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions’s payout ratio is 60.90%.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas P. Carey sold 10,757 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the sale, the vice president now owns 12,689 shares of the company’s stock, valued at approximately $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total value of $5,325,778.85. Following the sale, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. The trade was a 47.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by company insiders.

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.