Broadridge Financial Solutions, Inc. (NYSE:BR) Director Brett Keller Sells 5,442 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the transaction, the director now owns 15,536 shares in the company, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded up $2.03 during mid-day trading on Monday, hitting $242.45. The company had a trading volume of 333,911 shares, compared to its average volume of 481,162. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $242.87. The stock has a market cap of $28.37 billion, a price-to-earnings ratio of 37.94 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.39. The firm's 50 day simple moving average is $231.87 and its two-hundred day simple moving average is $221.83.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BR. Royal Bank of Canada upped their target price on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, DA Davidson restated a "neutral" rating and issued a $215.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $239.17.

Institutional Trading of Broadridge Financial Solutions

Several hedge funds have recently added to or reduced their stakes in BR. Bogart Wealth LLC lifted its holdings in Broadridge Financial Solutions by 384.0% in the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock worth $26,000 after purchasing an additional 96 shares during the period. True Wealth Design LLC boosted its stake in 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 buying an additional 142 shares in the last quarter. Fortitude Family Office LLC grew its holdings in 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 worth $35,000 after acquiring an additional 111 shares during the period. Hazlett Burt & Watson Inc. bought a new stake in Broadridge Financial Solutions in the third quarter worth about $38,000. Finally, Global X Japan Co. Ltd. acquired a new stake in Broadridge Financial Solutions in the 4th quarter valued at about $41,000. Institutional investors own 90.03% of the company's stock.

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.