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

Fiduciary Family Office LLC purchased a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,489 shares of the business services provider's stock, valued at approximately $535,000.

A number of other large investors have also modified their holdings of BR. Bogart Wealth LLC increased its position in shares of Broadridge Financial Solutions by 384.0% in the 3rd quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock valued at $26,000 after acquiring an additional 96 shares during the period. EdgeRock Capital LLC acquired a new position in shares of Broadridge Financial Solutions in the second quarter valued at about $32,000. Rothschild Investment LLC purchased a new position in shares of Broadridge Financial Solutions in the second quarter worth about $32,000. New Covenant Trust Company N.A. purchased a new position in shares of Broadridge Financial Solutions in the first quarter worth about $34,000. Finally, Family Firm Inc. acquired a new stake in shares of Broadridge Financial Solutions during the second quarter worth about $37,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Laura Matlin sold 673 shares of the business's stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $216.00, for a total transaction of $145,368.00. Following the completion of the sale, the vice president now directly owns 5,530 shares in the company, valued at approximately $1,194,480. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Laura Matlin sold 673 shares of the business's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $216.00, for a total transaction of $145,368.00. Following the transaction, the vice president now directly owns 5,530 shares in the company, valued at approximately $1,194,480. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Christopher John Perry sold 31,539 shares of the company's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $207.37, for a total transaction of $6,540,242.43. Following the sale, the president now directly owns 67,215 shares of the company's stock, valued at approximately $13,938,374.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,386 shares of company stock valued at $28,112,824. 1.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada reissued an "outperform" rating and set a $246.00 target price on shares of Broadridge Financial Solutions in a report on Wednesday. Morgan Stanley increased their price target on Broadridge Financial Solutions from $200.00 to $207.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a report on Tuesday, August 20th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $217.83.

Broadridge Financial Solutions Price Performance

BR stock traded up $1.02 during mid-day trading on Wednesday, reaching $219.32. 753,771 shares of the company's stock were exchanged, compared to its average volume of 521,053. The company has a market cap of $25.64 billion, a price-to-earnings ratio of 37.05 and a beta of 1.05. Broadridge Financial Solutions, Inc. has a 12-month low of $175.21 and a 12-month high of $225.29. The stock's 50 day moving average is $213.71 and its 200 day moving average is $206.50. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.08 and a quick ratio of 1.08.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The business services provider reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.73% and a return on equity of 42.77%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The firm's revenue was down .6% compared to the same quarter last year. On average, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.51 EPS for the current year.

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.