American Trust Acquires New Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

American Trust bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,386 shares of the business services provider's stock, valued at approximately $2,233,000.

A number of other hedge funds have also modified their holdings of BR. Bogart Wealth LLC raised its stake in shares of Broadridge Financial Solutions by 384.0% in the third 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 during the last quarter. EdgeRock Capital LLC bought a new position in Broadridge Financial Solutions in the 2nd quarter valued at $32,000. Rothschild Investment LLC acquired a new position in Broadridge Financial Solutions in the second quarter worth $32,000. True Wealth Design LLC grew its holdings in shares of Broadridge Financial Solutions by 2,028.6% during 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 last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at $37,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 15,710 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the completion of the sale, the vice president now owns 12,146 shares of the company's stock, valued at approximately $2,797,466.72. This trade represents a 56.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maura A. Markus sold 3,880 shares of the firm's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $227.02, for a total transaction of $880,837.60. Following the transaction, the director now directly owns 27,788 shares in the company, valued at approximately $6,308,431.76. This represents a 12.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Down 0.6 %

Shares of NYSE:BR traded down $1.47 during trading on Friday, hitting $233.53. 366,698 shares of the company were exchanged, compared to its average volume of 517,704. The stock has a market cap of $27.30 billion, a price-to-earnings ratio of 40.83 and a beta of 1.07. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 1.63. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $237.96. The firm has a fifty day moving average price of $224.07 and a two-hundred day moving average price of $212.52.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data 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. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $1.09 EPS. Broadridge Financial Solutions's revenue for the quarter was down .6% compared to the same quarter last year. As a group, research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Friday, December 13th. Broadridge Financial Solutions's payout ratio is presently 60.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. UBS Group started coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a "neutral" rating and a $250.00 target price on the stock. Morgan Stanley lifted their price target on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $226.71.

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.