Cwm LLC Acquires 231 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Cwm LLC lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,272 shares of the business services provider’s stock after buying an additional 231 shares during the quarter. Cwm LLC’s holdings in Broadridge Financial Solutions were worth $1,564,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BR. EdgeRock Capital LLC purchased a new stake in Broadridge Financial Solutions in the second quarter valued at about $32,000. Rothschild Investment LLC purchased a new position in shares of Broadridge Financial Solutions in the second quarter worth $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Broadridge Financial Solutions during the first quarter worth $34,000. Family Firm Inc. purchased a new stake in shares of Broadridge Financial Solutions during the second quarter valued at $37,000. Finally, McClarren Financial Advisors Inc. increased its position in shares of Broadridge Financial Solutions by 65.5% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 197 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Broadridge Financial Solutions Price Performance

BR opened at $221.91 on Wednesday. The stock’s 50-day moving average price is $212.35 and its 200 day moving average price is $204.83. 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 $224.32. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 37.87 and a beta of 1.05.

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

Broadridge Financial Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were paid a $0.88 dividend. The ex-dividend date was Thursday, September 12th. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. This is a boost from Broadridge Financial Solutions’s previous quarterly dividend of $0.80. Broadridge Financial Solutions’s payout ratio is currently 60.07%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the stock in a transaction on Thursday, August 8th. The stock was 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 approximately $1,194,480. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Broadridge Financial Solutions news, President Christopher John Perry sold 162 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $210.00, for a total transaction of $34,020.00. Following the completion of the transaction, the president now owns 67,267 shares of the company’s stock, valued at approximately $14,126,070. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Laura Matlin sold 673 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the transaction, the vice president now owns 5,530 shares in the company, valued at approximately $1,194,480. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,386 shares of company stock worth $28,112,824. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BR. JPMorgan Chase & Co. raised their price target on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Royal Bank of Canada upped their price target on shares of Broadridge Financial Solutions from $239.00 to $246.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, StockNews.com upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $213.33.

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.