Broadridge Financial Solutions (NYSE:BR) Given Peer Perform Rating at Wolfe Research

Wolfe Research reissued their peer perform rating on shares of Broadridge Financial Solutions (NYSE:BR - Free Report) in a report issued on Thursday morning, Marketbeat Ratings reports.

Other analysts also recently issued reports about the company. Morgan Stanley increased their price objective on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 6th. StockNews.com lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, November 9th. DA Davidson lifted their price objective on shares of Broadridge Financial Solutions from $210.00 to $215.00 and gave the stock a "neutral" rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Finally, UBS Group started 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and a consensus price target of $226.71.

Broadridge Financial Solutions Stock Up 0.1 %

NYSE:BR traded up $0.30 during trading hours on Thursday, reaching $235.89. The company had a trading volume of 321,271 shares, compared to its average volume of 518,702. Broadridge Financial Solutions has a twelve month low of $188.30 and a twelve month high of $237.96. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of 40.78 and a beta of 1.07. The business's 50-day simple moving average is $223.65 and its two-hundred day simple moving average is $212.36.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a return on equity of 41.79% and a net margin of 10.57%. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.09 EPS. The firm's revenue for the quarter was down .6% on a year-over-year basis. On average, equities analysts expect that Broadridge Financial Solutions will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.88 per share. The ex-dividend date is Friday, December 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.49%. Broadridge Financial Solutions's payout ratio is 60.90%.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Douglas Richard Deschutter sold 24,185 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $220.21, for a total transaction of $5,325,778.85. Following the completion of the sale, the insider now directly owns 27,137 shares in the company, valued at $5,975,838.77. The trade was a 47.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Thomas P. Carey sold 10,757 shares of Broadridge Financial Solutions stock in a transaction on Monday, November 11th. The stock was sold at an average price of $226.82, for a total transaction of $2,439,902.74. Following the sale, the vice president now directly owns 12,689 shares of the company's stock, valued at $2,878,118.98. This represents a 45.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 54,532 shares of company stock valued at $12,264,846. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Broadridge Financial Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Qsemble Capital Management LP bought a new stake in Broadridge Financial Solutions in the third quarter valued at $1,412,000. Atria Investments Inc lifted its position in shares of Broadridge Financial Solutions by 9.7% in the 3rd quarter. Atria Investments Inc now owns 29,638 shares of the business services provider's stock worth $6,373,000 after purchasing an additional 2,610 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Broadridge Financial Solutions by 22.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,504 shares of the business services provider's stock worth $7,191,000 after purchasing an additional 6,690 shares during the period. Horizon Kinetics Asset Management LLC bought a new stake in shares of Broadridge Financial Solutions during the 3rd quarter valued at about $483,000. Finally, Legacy Capital Wealth Partners LLC increased its position in shares of Broadridge Financial Solutions by 82.7% during the third quarter. Legacy Capital Wealth Partners LLC now owns 7,107 shares of the business services provider's stock valued at $1,528,000 after buying an additional 3,216 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

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.