Insider Selling: Broadridge Financial Solutions, Inc. (NYSE:BR) Director Sells 485 Shares of Stock

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) Director Robert N. Duelks sold 485 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the sale, the director now directly owns 4,960 shares of the company's stock, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Broadridge Financial Solutions Stock Performance

Broadridge Financial Solutions stock traded down $2.55 during mid-day trading on Tuesday, reaching $242.29. 752,706 shares of the company's stock were exchanged, compared to its average volume of 466,288. The business's fifty day simple moving average is $234.25 and its 200 day simple moving average is $224.62. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.64. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $246.58. The firm has a market capitalization of $28.35 billion, a PE ratio of 37.92 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.24. Broadridge Financial Solutions had a net margin of 11.36% and a return on equity of 44.40%. During the same period in the prior year, the company posted $0.92 EPS. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio (DPR) is 55.09%.

Institutional Trading of Broadridge Financial Solutions

A number of large investors have recently bought and sold shares of the company. True Wealth Design LLC increased its holdings in Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after acquiring an additional 142 shares during the last quarter. Minot DeBlois Advisors LLC bought a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at approximately $34,000. Fortitude Family Office LLC raised its position in shares of Broadridge Financial Solutions by 246.7% in the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock valued at $35,000 after purchasing an additional 111 shares during the period. Gen Wealth Partners Inc purchased a new stake in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $36,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Broadridge Financial Solutions in the 3rd quarter worth approximately $38,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BR shares. Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. DA Davidson reiterated a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Royal Bank of Canada increased their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. UBS Group lifted their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Thursday, February 27th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $239.17.

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.