Greykasell Wealth Strategies Inc. Buys Shares of 1,205 Broadridge Financial Solutions, Inc. (NYSE:BR)

Greykasell Wealth Strategies Inc. bought a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,205 shares of the business services provider's stock, valued at approximately $272,000.

Other hedge funds also recently made changes to their positions in the company. Qsemble Capital Management LP acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth $1,412,000. Horizon Kinetics Asset Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth $483,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Broadridge Financial Solutions by 53.5% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,768 shares of the business services provider's stock worth $2,434,000 after acquiring an additional 3,753 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of Broadridge Financial Solutions by 98.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,433 shares of the business services provider's stock worth $550,000 after acquiring an additional 1,204 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Broadridge Financial Solutions in the 3rd quarter worth $2,251,000. Institutional investors and hedge funds own 90.03% of the company's stock.

Broadridge Financial Solutions Trading Up 1.8 %

BR stock traded up $4.17 during midday trading on Wednesday, reaching $235.40. 518,734 shares of the company's stock traded hands, compared to its average volume of 472,434. The company has a market capitalization of $27.55 billion, a P/E ratio of 36.84 and a beta of 1.05. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.35 and a quick ratio of 1.35. Broadridge Financial Solutions, Inc. has a fifty-two week low of $188.30 and a fifty-two week high of $246.58. The business has a 50-day moving average price of $235.61 and a two-hundred day moving average price of $226.37.

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Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly 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 quarter in the previous year, the business earned $0.92 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.50%. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Wall Street Analyst Weigh In

BR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Royal Bank of Canada increased their price target on shares of Broadridge Financial Solutions from $246.00 to $259.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. increased their price target 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. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a report on Thursday, December 12th. Finally, UBS Group increased their price target 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions has a consensus rating of "Hold" and an average target price of $239.17.

Insider Activity

In related news, Director Robert N. Duelks sold 485 shares of Broadridge Financial Solutions stock in a transaction on 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. The trade was a 8.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $235.43, for a total transaction of $22,590,921.08. Following the completion of the sale, the chief executive officer now owns 169,788 shares of the company's stock, valued at approximately $39,973,188.84. This trade represents a 36.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,754 shares of company stock worth $29,397,793 over the last 90 days. Company insiders own 1.30% of the company's stock.

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.