Broadridge Financial Solutions, Inc. (NYSE:BR) Receives Consensus Rating of "Hold" from Brokerages

Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) has been given a consensus rating of "Hold" by the eight ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $226.71.

A number of equities research analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price objective for the company. StockNews.com cut Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. DA Davidson lifted their price objective on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Royal Bank of Canada restated an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. Finally, Morgan Stanley raised their price target on 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.

Broadridge Financial Solutions Price Performance

NYSE BR traded up $3.12 during trading hours on Thursday, reaching $231.21. 422,879 shares of the stock traded hands, compared to its average volume of 521,188. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a 50 day simple moving average of $229.13 and a two-hundred day simple moving average of $217.43. Broadridge Financial Solutions has a 1 year low of $188.30 and a 1 year high of $237.96. The company has a market cap of $27.03 billion, a price-to-earnings ratio of 40.00 and a beta of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to analysts' expectations of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. Broadridge Financial Solutions's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. On average, analysts predict that Broadridge Financial Solutions will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.52%. Broadridge Financial Solutions's payout ratio is presently 60.90%.

Insider Activity at Broadridge Financial Solutions

In other news, VP Thomas P. Carey sold 15,710 shares of Broadridge Financial Solutions stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now owns 12,146 shares of the company's stock, valued at approximately $2,797,466.72. The trade was a 56.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Douglas Richard Deschutter sold 24,185 shares of the business's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the transaction, the insider now owns 27,137 shares in the company, valued at $5,975,838.77. This represents a 47.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,532 shares of company stock worth $12,264,846 in the last 90 days. Company insiders own 1.30% of the company's stock.

Institutional Trading of Broadridge Financial Solutions

Several large investors have recently bought and sold shares of BR. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $44,746,000. Assenagon Asset Management S.A. grew its stake in Broadridge Financial Solutions by 3,197.8% in the third quarter. Assenagon Asset Management S.A. now owns 204,366 shares of the business services provider's stock worth $43,945,000 after purchasing an additional 198,169 shares during the period. Benjamin Edwards Inc. raised its holdings in Broadridge Financial Solutions by 2,302.8% in the third quarter. Benjamin Edwards Inc. now owns 147,004 shares of the business services provider's stock worth $31,618,000 after purchasing an additional 140,886 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Broadridge Financial Solutions during the third quarter valued at $274,650,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Broadridge Financial Solutions by 97.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 198,878 shares of the business services provider's stock valued at $42,765,000 after buying an additional 98,275 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

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.