Motley Fool Wealth Management LLC Sells 2,941 Shares of Broadridge Financial Solutions, Inc. (NYSE:BR)

Motley Fool Wealth Management LLC cut its position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,769 shares of the business services provider's stock after selling 2,941 shares during the period. Broadridge Financial Solutions comprises about 1.2% of Motley Fool Wealth Management LLC's portfolio, making the stock its 19th largest position. Motley Fool Wealth Management LLC owned approximately 0.10% of Broadridge Financial Solutions worth $24,679,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC increased its position in shares of Broadridge Financial Solutions by 384.0% during the third quarter. Bogart Wealth LLC now owns 121 shares of the business services provider's stock worth $26,000 after acquiring an additional 96 shares in the last quarter. EdgeRock Capital LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. Rothschild Investment LLC bought a new stake in shares of Broadridge Financial Solutions during the second quarter worth $32,000. True Wealth Design LLC grew its position in Broadridge Financial Solutions by 2,028.6% in the third quarter. True Wealth Design LLC now owns 149 shares of the business services provider's stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Finally, Family Firm Inc. bought a new position in Broadridge Financial Solutions in the second quarter valued at $37,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Chairman Richard J. Daly sold 21,938 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $207.66, for a total transaction of $4,555,645.08. Following the sale, the chairman now directly owns 105,094 shares of the company's stock, valued at $21,823,820.04. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Thomas P. Carey sold 15,710 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $230.32, for a total transaction 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. The trade was a 56.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 94,004 shares of company stock valued at $20,562,422 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR traded up $1.26 during mid-day trading on Wednesday, reaching $233.48. 113,479 shares of the company were exchanged, compared to its average volume of 520,008. The company's 50-day simple moving average is $220.97 and its 200-day simple moving average is $211.02. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $27.29 billion, a P/E ratio of 40.35 and a beta of 1.07. Broadridge Financial Solutions, Inc. has a twelve month low of $188.30 and a twelve month high of $237.74.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Tuesday, November 5th. The business services provider reported $1.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.03. Broadridge Financial Solutions had a net margin of 10.57% and a return on equity of 41.79%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter last year, the company posted $1.09 EPS. Broadridge Financial Solutions's quarterly revenue was down .6% compared to the same quarter last year. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.52 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Friday, December 13th. Broadridge Financial Solutions's dividend payout ratio is currently 60.90%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Broadridge Financial Solutions from $224.00 to $225.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Morgan Stanley raised their target price on shares of Broadridge Financial Solutions from $200.00 to $207.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 6th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $246.00 target price on shares of Broadridge Financial Solutions in a research report on Wednesday, November 6th. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, November 9th. Finally, UBS Group started coverage on shares of Broadridge Financial Solutions in a research note on Thursday, November 21st. They issued a "neutral" rating and a $250.00 price target for the company. 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, the stock presently has a consensus rating of "Hold" and a consensus target price of $222.43.

Broadridge Financial Solutions 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.