Broadridge Financial Solutions, Inc. (NYSE:BR) Shares Bought by Lyell Wealth Management LP

Lyell Wealth Management LP raised its stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 52.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,977 shares of the business services provider's stock after acquiring an additional 10,334 shares during the period. Lyell Wealth Management LP's holdings in Broadridge Financial Solutions were worth $6,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC raised its position in Broadridge Financial Solutions by 14.9% in the 4th quarter. Global Retirement Partners LLC now owns 2,548 shares of the business services provider's stock valued at $576,000 after purchasing an additional 331 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at $708,000. Kestra Investment Management LLC purchased a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $115,000. Venturi Wealth Management LLC boosted its stake in shares of Broadridge Financial Solutions by 66.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,547 shares of the business services provider's stock worth $576,000 after buying an additional 1,014 shares during the period. Finally, Northstar Asset Management Inc. purchased a new position in shares of Broadridge Financial Solutions during the fourth quarter worth about $2,750,000. Hedge funds and other institutional investors own 90.03% of the company's stock.

Wall Street Analysts Forecast Growth

BR has been the subject of several analyst reports. DA Davidson reaffirmed a "neutral" rating and set 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 target on Broadridge Financial Solutions from $246.00 to $259.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Wolfe Research reiterated a "peer perform" rating on shares of Broadridge Financial Solutions in a research report on Thursday, December 12th. StockNews.com upgraded shares of Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley lifted their target price 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $239.17.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $1.00 during trading on Friday, hitting $235.31. 363,116 shares of the company were exchanged, compared to its average volume of 461,865. The firm's fifty day moving average price is $232.79 and its 200 day moving average price is $223.36. 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 company has a market cap of $27.54 billion, a price-to-earnings ratio of 36.82 and a beta of 1.08. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $244.47.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its 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 quarter last year, the company earned $0.92 EPS. On average, sell-side analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share 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. Investors of record on Thursday, March 13th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's payout ratio is currently 55.09%.

Insider Buying and Selling

In other news, VP Thomas P. Carey sold 15,710 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $230.32, for a total value of $3,618,327.20. Following the sale, the vice president now directly owns 12,146 shares in the company, valued at $2,797,466.72. This represents a 56.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total value of $1,308,256.80. Following the transaction, the director now owns 15,536 shares of the company's stock, valued at $3,734,854.40. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,666 shares of company stock valued at $5,050,766. 1.30% of the stock is owned by insiders.

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.