Broadridge Financial Solutions, Inc. (NYSE:BR – Get Free Report) President Christopher John Perry sold 17,534 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $213.41, for a total transaction of $3,741,930.94. Following the transaction, the president now directly owns 50,237 shares of the company’s stock, valued at approximately $10,721,078.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Christopher John Perry also recently made the following trade(s):
- On Wednesday, August 21st, Christopher John Perry sold 6,501 shares of Broadridge Financial Solutions stock. The stock was sold at an average price of $210.22, for a total value of $1,366,640.22.
- On Monday, August 19th, Christopher John Perry sold 162 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.00, for a total value of $34,020.00.
- On Friday, August 16th, Christopher John Perry sold 300 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $210.00, for a total transaction of $63,000.00.
- On Wednesday, August 14th, Christopher John Perry sold 31,539 shares of Broadridge Financial Solutions stock. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43.
Broadridge Financial Solutions Stock Up 0.7 %
Shares of NYSE BR opened at $211.95 on Friday. The stock has a 50-day moving average price of $209.72 and a two-hundred day moving average price of $203.13. The company has a market cap of $24.74 billion, a price-to-earnings ratio of 36.17 and a beta of 1.05. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.55. Broadridge Financial Solutions, Inc. has a 12 month low of $166.73 and a 12 month high of $223.81.
Broadridge Financial Solutions Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a $0.88 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $3.52 annualized dividend and a yield of 1.66%. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 54.61%.
Institutional Trading of Broadridge Financial Solutions
Several institutional investors and hedge funds have recently modified their holdings of BR. Vanguard Group Inc. grew its holdings in Broadridge Financial Solutions by 0.3% during the first quarter. Vanguard Group Inc. now owns 13,991,206 shares of the business services provider’s stock valued at $2,866,238,000 after purchasing an additional 39,537 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Broadridge Financial Solutions by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,168,197 shares of the business services provider’s stock worth $853,898,000 after purchasing an additional 28,180 shares during the period. Capital International Investors grew its stake in shares of Broadridge Financial Solutions by 0.3% in the first quarter. Capital International Investors now owns 3,061,983 shares of the business services provider’s stock worth $627,278,000 after purchasing an additional 7,970 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Broadridge Financial Solutions by 3.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,496,678 shares of the business services provider’s stock valued at $306,609,000 after purchasing an additional 43,958 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in shares of Broadridge Financial Solutions by 0.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 1,108,867 shares of the business services provider’s stock worth $218,447,000 after acquiring an additional 6,634 shares in the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
BR has been the subject of a number of analyst reports. Royal Bank of Canada boosted their price objective on Broadridge Financial Solutions from $239.00 to $246.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. StockNews.com raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. Finally, DA Davidson restated a “neutral” rating and issued a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.33.
Get Our Latest Stock Report on Broadridge Financial Solutions
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.
Further Reading
- Five stocks we like better than Broadridge Financial Solutions
- High Flyers: 3 Natural Gas Stocks for March 2022
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- There Are Different Types of Stock To Invest In
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.