Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) CEO Timothy C. Gokey sold 95,956 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now owns 169,788 shares in the company, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Broadridge Financial Solutions Price Performance
NYSE:BR opened at $224.73 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. The stock's 50 day moving average price is $235.46 and its two-hundred day moving average price is $225.77. The firm has a market capitalization of $26.30 billion, a price-to-earnings ratio of 35.17 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12-month low of $188.30 and a 12-month high of $246.58.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the business earned $0.92 EPS. On average, analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.
Broadridge Financial Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is 55.09%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their target price on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. StockNews.com upgraded Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Finally, DA Davidson restated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus price target of $239.17.
Read Our Latest Report on Broadridge Financial Solutions
Hedge Funds Weigh In On Broadridge Financial Solutions
Several institutional investors and hedge funds have recently made changes to their positions in the company. Adero Partners LLC grew its position in Broadridge Financial Solutions by 2.5% during the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock worth $415,000 after buying an additional 45 shares in the last quarter. Sunburst Financial Group LLC grew its position in Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock worth $229,000 after buying an additional 46 shares in the last quarter. Nicolet Advisory Services LLC grew its position in Broadridge Financial Solutions by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,010 shares of the business services provider's stock worth $224,000 after buying an additional 46 shares in the last quarter. Avestar Capital LLC grew its position in Broadridge Financial Solutions by 4.0% during the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider's stock worth $268,000 after buying an additional 48 shares in the last quarter. Finally, Advisors Capital Management LLC grew its position in Broadridge Financial Solutions by 3.5% during the fourth quarter. Advisors Capital Management LLC now owns 1,440 shares of the business services provider's stock worth $326,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company's stock.
About Broadridge Financial Solutions
(
Get Free Report)
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.
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