Thurston Springer Miller Herd & Titak Inc. Boosts Stock Holdings in Broadridge Financial Solutions, Inc. (NYSE:BR)

Thurston Springer Miller Herd & Titak Inc. increased its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 53.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,768 shares of the business services provider's stock after purchasing an additional 3,753 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Broadridge Financial Solutions were worth $2,434,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BR. NBC Securities Inc. raised its position in shares of Broadridge Financial Solutions by 0.8% in the 3rd quarter. NBC Securities Inc. now owns 5,951 shares of the business services provider's stock worth $1,279,000 after purchasing an additional 45 shares during the last quarter. Avestar Capital LLC grew its holdings in shares of Broadridge Financial Solutions by 4.0% during the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider's stock valued at $268,000 after buying an additional 48 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Broadridge Financial Solutions by 2.5% during the second quarter. Brighton Jones LLC now owns 2,173 shares of the business services provider's stock valued at $428,000 after buying an additional 52 shares during the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of Broadridge Financial Solutions by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 10,804 shares of the business services provider's stock valued at $2,128,000 after acquiring an additional 54 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Broadridge Financial Solutions by 2.8% in the 3rd quarter. Huntington National Bank now owns 2,233 shares of the business services provider's stock worth $480,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 90.03% of the company's stock.

Insiders Place Their Bets

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

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR traded up $0.97 during trading on Wednesday, hitting $228.09. The company's stock had a trading volume of 372,182 shares, compared to its average volume of 532,120. The company has a 50-day moving average of $228.96 and a 200-day moving average of $217.36. 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 has a market cap of $26.66 billion, a price-to-earnings ratio of 39.46 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 12 month low of $188.30 and a 12 month high of $237.96.

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 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm earned $1.09 earnings per share. The company's quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio is presently 60.90%.

Wall Street Analyst Weigh In

BR has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday, November 6th. 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. Morgan Stanley boosted their target price 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. UBS Group assumed coverage on shares of Broadridge Financial Solutions in a report on Thursday, November 21st. They set a "neutral" rating and a $250.00 price target on the stock. Finally, Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average price target of $226.71.

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.