LVW Advisors LLC Acquires 948 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

LVW Advisors LLC grew its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 75.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,207 shares of the business services provider’s stock after purchasing an additional 948 shares during the period. LVW Advisors LLC’s holdings in Broadridge Financial Solutions were worth $452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Headinvest LLC bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at $32,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $34,000. Manchester Capital Management LLC increased its stake in shares of Broadridge Financial Solutions by 57.1% in the 4th quarter. Manchester Capital Management LLC now owns 165 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 60 shares during the last quarter. BKM Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $37,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at $39,000. Institutional investors own 90.03% of the company’s stock.

Insider Activity

In other news, Director Robert N. Duelks sold 3,473 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total value of $687,862.38. Following the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Robert N. Duelks sold 3,473 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $198.06, for a total transaction of $687,862.38. Following the transaction, the director now directly owns 22,588 shares of the company’s stock, valued at approximately $4,473,779.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.40, for a total value of $501,000.00. Following the transaction, the vice president now directly owns 9,361 shares in the company, valued at $1,875,944.40. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Broadridge Financial Solutions Trading Down 0.2 %

NYSE BR opened at $196.56 on Tuesday. The business’s 50-day moving average price is $198.15 and its two-hundred day moving average price is $200.02. Broadridge Financial Solutions, Inc. has a 12 month low of $161.85 and a 12 month high of $210.24. The firm has a market capitalization of $23.23 billion, a PE ratio of 33.54 and a beta of 1.04. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.55.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $2.05 EPS. The company’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Friday, June 14th. Broadridge Financial Solutions’s dividend payout ratio is 54.61%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BR shares. DA Davidson restated a “neutral” rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Royal Bank of Canada restated an “outperform” rating and set a $239.00 price objective on shares of Broadridge Financial Solutions in a research report on Friday. Evercore ISI restated an “outperform” rating and set a $230.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, March 26th. Finally, StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus target price of $206.67.

About Broadridge Financial Solutions

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.