Motley Fool Wealth Management LLC Sells 5,129 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Motley Fool Wealth Management LLC reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 109,640 shares of the business services provider's stock after selling 5,129 shares during the quarter. Broadridge Financial Solutions makes up about 1.3% of Motley Fool Wealth Management LLC's holdings, making the stock its 19th largest position. Motley Fool Wealth Management LLC owned about 0.09% of Broadridge Financial Solutions worth $24,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. True Wealth Design LLC boosted its holdings in shares of Broadridge Financial Solutions by 2,028.6% in the 3rd quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock worth $32,000 after buying an additional 142 shares during the last quarter. Fortitude Family Office LLC raised its position in Broadridge Financial Solutions by 246.7% in the fourth quarter. Fortitude Family Office LLC now owns 156 shares of the business services provider's stock worth $35,000 after acquiring an additional 111 shares during the period. FSA Wealth Management LLC purchased a new position in Broadridge Financial Solutions in the third quarter valued at about $39,000. Global X Japan Co. Ltd. bought a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at approximately $41,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have weighed in on BR. StockNews.com raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Royal Bank of Canada increased their price target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Wolfe Research reaffirmed a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. UBS Group lifted their target price on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $241.00.

Insider Buying and Selling

In other news, VP Laura Matlin sold 514 shares of the business's stock in a transaction dated 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 sale, the vice president now owns 6,602 shares of the company's stock, valued at approximately $1,595,043.20. The trade was a 7.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the transaction, the director now directly owns 4,960 shares in the company, valued at $1,180,132.80. This trade represents a 8.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 124,754 shares of company stock worth $29,397,793. Insiders own 1.30% of the company's stock.

Broadridge Financial Solutions Price Performance

Shares of BR traded down $1.29 during midday trading on Friday, hitting $237.60. 420,572 shares of the company traded hands, compared to its average volume of 509,626. Broadridge Financial Solutions, Inc. has a one year low of $188.30 and a one year high of $246.58. The firm has a market cap of $27.80 billion, a P/E ratio of 37.18 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. The stock has a 50-day moving average of $236.97 and a 200-day moving average of $227.66.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted 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 net margin of 11.36% and a return on equity of 44.40%. During the same quarter last year, the firm posted $0.92 EPS. As a group, sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is 55.09%.

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.