Brokerages Set Broadridge Financial Solutions, Inc. (NYSE:BR) Target Price at $226.71

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $226.71.

Several equities research analysts recently commented on BR shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $246.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an “equal weight” rating in a report on Wednesday, November 6th. DA Davidson increased their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. StockNews.com lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th.

Broadridge Financial Solutions Trading Up 1.3 %

NYSE BR opened at $227.34 on Friday. Broadridge Financial Solutions has a one year low of $188.30 and a one year 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. The firm has a market cap of $26.57 billion, a P/E ratio of 39.33 and a beta of 1.07. The stock’s 50-day moving average is $225.51 and its 200-day moving average is $214.39.

Broadridge Financial Solutions (NYSE:BR) last announced its earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate 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 firm 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 business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts anticipate that Broadridge Financial Solutions will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 annualized dividend and a yield of 1.55%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 60.90%.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the transaction, the insider now owns 27,137 shares in the company, valued at approximately $5,975,838.77. This trade represents a 47.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the completion of the sale, the vice president now owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,532 shares of company stock worth $12,264,846 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its position in Broadridge Financial Solutions by 4.3% during the third quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider’s stock worth $33,898,000 after purchasing an additional 6,552 shares during the period. American Trust acquired a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth about $2,233,000. Tidal Investments LLC boosted its holdings in shares of Broadridge Financial Solutions by 43.7% during the 3rd quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider’s stock worth $3,290,000 after buying an additional 4,654 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Broadridge Financial Solutions in the 3rd quarter valued at about $3,530,000. Finally, World Investment Advisors LLC raised its holdings in Broadridge Financial Solutions by 10.9% in the 3rd quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider’s stock valued at $909,000 after acquiring an additional 416 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

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.