13,786 Shares in Broadridge Financial Solutions, Inc. (NYSE:BR) Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,786 shares of the business services provider's stock, valued at approximately $2,824,000. Broadridge Financial Solutions makes up approximately 1.7% of Peak Financial Advisors LLC's holdings, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in BR. First PREMIER Bank boosted its stake in Broadridge Financial Solutions by 69.2% in the first quarter. First PREMIER Bank now owns 330 shares of the business services provider's stock valued at $68,000 after buying an additional 135 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of Broadridge Financial Solutions by 5.2% in the 1st quarter. Ballentine Partners LLC now owns 1,572 shares of the business services provider's stock valued at $322,000 after purchasing an additional 77 shares in the last quarter. Unique Wealth LLC grew its holdings in shares of Broadridge Financial Solutions by 16.3% during the 1st quarter. Unique Wealth LLC now owns 1,461 shares of the business services provider's stock valued at $299,000 after purchasing an additional 205 shares during the last quarter. &PARTNERS acquired a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $425,000. Finally, Running Oak Capital LLC increased its position in Broadridge Financial Solutions by 8.9% during the 1st quarter. Running Oak Capital LLC now owns 56,188 shares of the business services provider's stock worth $11,511,000 after purchasing an additional 4,580 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

Insider Activity

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 3,473 shares of the company's stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the sale, the director now owns 22,588 shares of the company's stock, valued at $4,473,779.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Thomas P. Carey sold 2,500 shares of Broadridge Financial Solutions stock in a transaction on Monday, May 20th. The shares were sold at an average price of $200.40, for a total value of $501,000.00. Following the completion of the sale, the vice president now owns 9,361 shares in the company, valued at approximately $1,875,944.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert N. Duelks sold 3,473 shares of the business's stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $198.06, for a total transaction of $687,862.38. Following the transaction, the director now owns 22,588 shares in the company, valued at approximately $4,473,779.28. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Broadridge Financial Solutions Trading Up 0.5 %

Shares of Broadridge Financial Solutions stock traded up $1.05 during trading on Monday, hitting $201.84. The company's stock had a trading volume of 384,609 shares, compared to its average volume of 513,816. The stock has a market cap of $23.85 billion, a price-to-earnings ratio of 34.44 and a beta of 1.03. Broadridge Financial Solutions, Inc. has a 52 week low of $157.21 and a 52 week high of $210.24. The stock has a 50-day moving average price of $197.63 and a two-hundred day moving average price of $199.81. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.39 and a quick ratio of 1.39.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported $2.23 EPS for the quarter, missing analysts' consensus estimates of $2.24 by ($0.01). Broadridge Financial Solutions had a net margin of 10.92% and a return on equity of 40.88%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 7.72 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.80 dividend. The ex-dividend date is Friday, June 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.59%. Broadridge Financial Solutions's dividend payout ratio (DPR) is currently 54.61%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BR. StockNews.com cut shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Friday, June 14th. DA Davidson restated a "neutral" rating and set a $185.00 price objective on shares of Broadridge Financial Solutions in a research report on Tuesday, June 11th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $230.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $206.67.

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.