Broadridge Financial Solutions (NYSE:BR) Earns Neutral Rating from Analysts at UBS Group

UBS Group began coverage on shares of Broadridge Financial Solutions (NYSE:BR) in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $250.00 target price on the business services provider’s stock.

A number of other equities analysts also recently commented on BR. Royal Bank of Canada restated an “outperform” rating and set a $246.00 price objective on shares of Broadridge Financial Solutions in a research note on Wednesday, November 6th. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $222.43.

Broadridge Financial Solutions Stock Up 1.2 %

NYSE:BR opened at $230.24 on Thursday. The stock has a 50-day simple moving average of $217.48 and a 200 day simple moving average of $209.14. Broadridge Financial Solutions has a 52-week low of $185.30 and a 52-week high of $230.30. The company has a market cap of $26.91 billion, a PE ratio of 39.83 and a beta of 1.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.39 and a current ratio of 1.39.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions’s dividend payout ratio is 60.90%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 10,757 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the transaction, the vice president now owns 12,689 shares in the company, valued at approximately $2,878,118.98. This trade represents a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leslie A. Brun sold 5,739 shares of Broadridge Financial Solutions stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $210.05, for a total value of $1,205,476.95. Following the sale, the director now directly owns 77,318 shares of the company’s stock, valued at approximately $16,240,645.90. The trade was a 6.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,033 shares of company stock worth $18,149,572 over the last ninety days. Insiders own 1.30% of the company’s stock.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of BR. Bogart Wealth LLC raised its holdings in Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. True Wealth Design LLC increased its position in shares of Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider’s stock worth $32,000 after purchasing an additional 142 shares during the period. EdgeRock Capital LLC acquired a new position in Broadridge Financial Solutions in the second quarter valued at about $32,000. Rothschild Investment LLC bought a new stake in Broadridge Financial Solutions during the second quarter worth about $32,000. Finally, New Covenant Trust Company N.A. acquired a new stake in Broadridge Financial Solutions during the first quarter worth about $34,000. Institutional investors and hedge funds own 90.03% of the company’s stock.

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.