Callan Family Office LLC Makes New Investment in Broadridge Financial Solutions, Inc. (NYSE:BR)

Callan Family Office LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,506 shares of the business services provider's stock, valued at approximately $1,245,000.

Other hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its position in shares of Broadridge Financial Solutions by 11.0% during the third quarter. Van ECK Associates Corp now owns 20,967 shares of the business services provider's stock valued at $4,536,000 after buying an additional 2,079 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of Broadridge Financial Solutions by 7.3% during the third quarter. QRG Capital Management Inc. now owns 7,293 shares of the business services provider's stock valued at $1,568,000 after buying an additional 498 shares during the last quarter. Amalgamated Bank lifted its position in shares of Broadridge Financial Solutions by 4.6% during the third quarter. Amalgamated Bank now owns 26,418 shares of the business services provider's stock valued at $5,681,000 after buying an additional 1,152 shares during the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Broadridge Financial Solutions by 5.1% during the third quarter. Concurrent Investment Advisors LLC now owns 8,838 shares of the business services provider's stock valued at $1,900,000 after buying an additional 425 shares during the last quarter. Finally, Graypoint LLC purchased a new stake in shares of Broadridge Financial Solutions during the third quarter valued at about $216,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 485 shares of the firm's stock in a transaction 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 transaction, the director now owns 4,960 shares in the company, valued at approximately $1,180,132.80. This trade represents a 8.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brett Keller sold 5,442 shares of the firm's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $240.40, for a total value of $1,308,256.80. Following the completion of the transaction, the director now owns 15,536 shares in the company, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,441 shares of company stock worth $1,547,835. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

BR has been the subject of several analyst reports. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Saturday. Wolfe Research restated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. UBS Group upped their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Morgan Stanley upped their price objective on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $239.17.

Broadridge Financial Solutions Stock Performance

NYSE:BR traded up $3.46 during midday trading on Friday, hitting $241.30. The company's stock had a trading volume of 632,797 shares, compared to its average volume of 467,927. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $246.58. The firm's 50 day moving average is $235.35 and its 200-day moving average is $225.40. 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 firm has a market cap of $28.24 billion, a P/E ratio of 37.76 and a beta of 1.05.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.92 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 13th will be given a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a yield of 1.46%. Broadridge Financial Solutions's dividend payout ratio is presently 55.09%.

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.