3,130 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Acquired by Atlas Legacy Advisors LLC

Atlas Legacy Advisors LLC bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,130 shares of the business services provider's stock, valued at approximately $708,000.

Several other institutional investors also recently modified their holdings of BR. Bogart Wealth LLC raised its stake in Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after buying an additional 96 shares during the last quarter. True Wealth Design LLC increased 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 valued at $32,000 after acquiring an additional 142 shares in the last quarter. Fortitude Family Office LLC increased its holdings in shares of Broadridge Financial Solutions by 246.7% during the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after acquiring an additional 111 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth about $38,000. Finally, FSA Wealth Management LLC purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at about $39,000. 90.03% of the stock is currently owned by institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded down $1.00 during midday trading on Friday, hitting $235.31. 363,116 shares of the stock traded hands, compared to its average volume of 461,865. The firm has a market capitalization of $27.54 billion, a P/E ratio of 36.82 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $244.47. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a 50-day moving average of $232.75 and a two-hundred day moving average of $223.18.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates 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, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is 55.09%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Laura Matlin sold 514 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the transaction, the vice president now owns 6,602 shares of the company's stock, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the business'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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,666 shares of company stock worth $5,050,766. 1.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BR. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Wednesday. DA Davidson restated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Morgan Stanley increased their target price on Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. UBS Group boosted their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada upped their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $239.17.

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.