Broadridge Financial Solutions, Inc. (NYSE:BR) Receives $226.71 Consensus Target Price from Analysts

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

Several brokerages have recently issued reports on BR. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a research report on Thursday, November 21st. They set a "neutral" rating and a $250.00 price target on the stock. Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 price target on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, DA Davidson boosted their target price on Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th.

Broadridge Financial Solutions Trading Up 0.8 %

Shares of NYSE:BR traded up $1.83 during mid-day trading on Friday, reaching $226.01. 1,178,626 shares of the company were exchanged, compared to its average volume of 520,574. Broadridge Financial Solutions has a 1 year low of $188.30 and a 1 year high of $237.96. 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 firm's 50-day simple moving average is $225.34 and its 200 day simple moving average is $213.88. The firm has a market cap of $26.42 billion, a price-to-earnings ratio of 39.10 and a beta of 1.07.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. Equities research analysts forecast that Broadridge Financial Solutions will post 8.52 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm 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 dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. Broadridge Financial Solutions's dividend payout ratio is currently 60.90%.

Insider Activity

In related news, VP Thomas P. Carey sold 10,757 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $226.82, for a total value of $2,439,902.74. Following the completion of the sale, the vice president now directly owns 12,689 shares of the company's stock, valued at $2,878,118.98. The trade was a 45.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value 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. The trade was a 12.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,532 shares of company stock worth $12,264,846. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Broadridge Financial Solutions

A number of hedge funds have recently modified their holdings of BR. Principal Financial Group Inc. boosted its stake in shares of Broadridge Financial Solutions by 4.3% during the third quarter. Principal Financial Group Inc. now owns 157,645 shares of the business services provider's stock worth $33,898,000 after buying an additional 6,552 shares during the period. American Trust purchased a new stake in Broadridge Financial Solutions during the 3rd quarter valued at approximately $2,233,000. Tidal Investments LLC lifted its position in Broadridge Financial Solutions by 43.7% during the 3rd quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider's stock worth $3,290,000 after acquiring an additional 4,654 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $3,530,000. Finally, World Investment Advisors LLC grew its stake in shares of Broadridge Financial Solutions by 10.9% in the 3rd quarter. World Investment Advisors LLC now owns 4,229 shares of the business services provider's stock valued at $909,000 after purchasing an additional 416 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other 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.