Crew Capital Management Ltd. Sells 2,092 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Crew Capital Management Ltd. lessened its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 51.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,972 shares of the business services provider's stock after selling 2,092 shares during the period. Crew Capital Management Ltd.'s holdings in Broadridge Financial Solutions were worth $446,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC bought a new stake in Broadridge Financial Solutions during the third quarter valued at about $216,000. Harbor Capital Advisors Inc. lifted its position in shares of Broadridge Financial Solutions by 56.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,386 shares of the business services provider's stock valued at $2,018,000 after buying an additional 3,391 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Broadridge Financial Solutions by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 20,967 shares of the business services provider's stock valued at $4,536,000 after acquiring an additional 2,079 shares during the period. Asset Management One Co. Ltd. increased its holdings in Broadridge Financial Solutions by 14.4% in the 3rd quarter. Asset Management One Co. Ltd. now owns 52,361 shares of the business services provider's stock worth $11,259,000 after acquiring an additional 6,608 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in Broadridge Financial Solutions by 7.3% during the 3rd quarter. QRG Capital Management Inc. now owns 7,293 shares of the business services provider's stock worth $1,568,000 after acquiring an additional 498 shares during the period. Institutional investors own 90.03% of the company's stock.

Insider Transactions at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 485 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $237.93, for a total value of $115,396.05. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brett Keller sold 5,442 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. In the last quarter, insiders sold 6,441 shares of company stock worth $1,547,835. 1.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BR shares. Morgan Stanley upped their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the stock an "equal weight" rating in a research report 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 increased their price objective on shares of 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 reissued a "peer perform" rating on shares of Broadridge Financial Solutions in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Broadridge Financial Solutions from $231.00 to $249.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $239.17.

Broadridge Financial Solutions Price Performance

BR traded up $0.51 during trading on Wednesday, hitting $242.34. 702,535 shares of the company traded hands, compared to its average volume of 467,290. The company has a market cap of $28.36 billion, a PE ratio of 37.93 and a beta of 1.05. The stock's 50-day simple moving average is $234.55 and its two-hundred day simple moving average is $224.86. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $246.58. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.64.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating 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 quarter last year, the company earned $0.92 earnings per share. As a group, sell-side 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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be issued a $0.88 dividend. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.45%. Broadridge Financial Solutions's dividend payout ratio (DPR) 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.