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

Shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $239.17.

Several research firms recently commented on BR. StockNews.com downgraded Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" 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. Royal Bank of Canada upped their price objective on Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, DA Davidson reiterated a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st.

Broadridge Financial Solutions Stock Up 0.1 %

BR traded up $0.32 during midday trading on Monday, reaching $242.70. 344,379 shares of the company were exchanged, compared to its average volume of 465,861. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.39 and a current ratio of 1.35. The company's fifty day moving average price is $232.39 and its 200 day moving average price is $222.32. The company has a market cap of $28.40 billion, a price-to-earnings ratio of 37.98 and a beta of 1.08. Broadridge Financial Solutions has a one year low of $188.30 and a one year high of $243.63.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its 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 return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the firm posted $0.92 EPS. As a group, analysts expect that Broadridge Financial Solutions will post 8.53 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 currently 55.09%.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Laura Matlin sold 514 shares of the stock in a transaction on 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 represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett Keller sold 5,442 shares of the stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the transaction, the director now directly owns 15,536 shares in the company, valued at approximately $3,734,854.40. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,666 shares of company stock valued at $5,050,766. 1.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BR. Bogart Wealth LLC grew its stake in shares of 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 boosted 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 worth $32,000 after purchasing an additional 142 shares during the period. Fortitude Family Office LLC boosted 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 worth $35,000 after purchasing an additional 111 shares during the period. Hazlett Burt & Watson Inc. purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $38,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter worth about $39,000. 90.03% of the stock is owned by institutional investors.

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.