Boston Financial Mangement LLC Purchases 4,003 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Boston Financial Mangement LLC boosted its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 1.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 387,849 shares of the business services provider's stock after purchasing an additional 4,003 shares during the period. Broadridge Financial Solutions comprises approximately 2.6% of Boston Financial Mangement LLC's holdings, making the stock its 6th largest position. Boston Financial Mangement LLC owned approximately 0.33% of Broadridge Financial Solutions worth $87,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC lifted its holdings in shares of Broadridge Financial Solutions by 384.0% during the 3rd 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 lifted its stake in Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Fortitude Family Office LLC grew 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 in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth $38,000. Finally, FSA Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the 3rd quarter valued at $39,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Broadridge Financial Solutions Stock Performance

Shares of BR traded down $1.00 during trading hours on Friday, reaching $235.31. 363,116 shares of the company traded hands, compared to its average volume of 461,865. The stock has a market cap of $27.54 billion, a P/E ratio of 36.82 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current ratio of 1.35. The stock's fifty day moving average is $232.79 and its 200 day moving average is $223.36. Broadridge Financial Solutions, Inc. has a 1-year low of $188.30 and a 1-year high of $244.47.

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, beating 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 period in the previous year, the company earned $0.92 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 13th will be given a dividend of $0.88 per share. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.50%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 55.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BR shares. Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. DA Davidson reissued a "neutral" rating and issued a $215.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, January 21st. Royal Bank of Canada upped their target price on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, Wolfe Research reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Broadridge Financial Solutions currently has an average rating of "Hold" and a consensus target price of $239.17.

Insider Activity at Broadridge Financial Solutions

In related news, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the transaction, the director now directly owns 15,536 shares of the company's stock, valued at $3,734,854.40. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Thomas P. Carey sold 15,710 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,666 shares of company stock valued at $5,050,766 in the last 90 days. 1.30% of the stock is owned by corporate insiders.

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.