Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 18.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,541 shares of the business services provider's stock after purchasing an additional 4,591 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Broadridge Financial Solutions were worth $6,679,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC increased its position 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. Wilmington Savings Fund Society FSB purchased a new position in Broadridge Financial Solutions in the third quarter valued at $3,530,000. Tidal Investments LLC increased its holdings in Broadridge Financial Solutions by 43.7% in the third quarter. Tidal Investments LLC now owns 15,300 shares of the business services provider's stock valued at $3,290,000 after buying an additional 4,654 shares during the last quarter. American Trust acquired a new stake in Broadridge Financial Solutions in the third quarter valued at $2,233,000. Finally, Principal Financial Group Inc. lifted its holdings in Broadridge Financial Solutions by 4.3% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BR shares. UBS Group raised their target price on Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, April 22nd. DA Davidson reiterated a "neutral" rating and set a $215.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions has an average rating of "Hold" and a consensus price target of $241.00.

Broadridge Financial Solutions Price Performance

BR stock traded up $2.63 on Tuesday, reaching $239.81. The company had a trading volume of 621,436 shares, compared to its average volume of 527,018. The company's fifty day moving average is $234.50 and its 200 day moving average is $230.94. The company has a market cap of $28.06 billion, a P/E ratio of 37.53 and a beta of 1.06. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $247.01.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS 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 quarter in the previous year, the firm posted $0.92 earnings per share. On average, 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 company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th were paid a $0.88 dividend. The ex-dividend date was Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.47%. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, CEO Timothy C. Gokey sold 95,956 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the sale, the chief executive officer now directly owns 169,788 shares of the company's stock, valued at $39,973,188.84. The trade was a 36.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the vice president now directly owns 6,602 shares in the company, valued at $1,595,043.20. This trade represents a 7.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,754 shares of company stock worth $29,397,793. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions 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.