Proficio Capital Partners LLC Acquires New Shares in Broadridge Financial Solutions, Inc. (NYSE:BR)

Proficio Capital Partners LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,995 shares of the business services provider's stock, valued at approximately $25,773,000. Proficio Capital Partners LLC owned approximately 0.10% of Broadridge Financial Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the business. J.W. Cole Advisors Inc. bought a new position in Broadridge Financial Solutions in the 3rd quarter valued at $222,000. First Trust Direct Indexing L.P. lifted its stake in shares of Broadridge Financial Solutions by 22.0% during the third quarter. First Trust Direct Indexing L.P. now owns 4,795 shares of the business services provider's stock valued at $1,031,000 after acquiring an additional 864 shares during the period. Goldstone Financial Group LLC bought a new position in Broadridge Financial Solutions in the third quarter valued at about $217,000. US Bancorp DE increased its position in Broadridge Financial Solutions by 4.5% in the third quarter. US Bancorp DE now owns 55,270 shares of the business services provider's stock worth $11,885,000 after purchasing an additional 2,385 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in Broadridge Financial Solutions during the 3rd quarter worth about $45,000. 90.03% of the stock is owned by institutional investors.

Broadridge Financial Solutions Stock Performance

BR traded down $0.78 on Tuesday, reaching $244.05. The company had a trading volume of 399,312 shares, compared to its average volume of 465,010. The stock has a market cap of $28.56 billion, a P/E ratio of 38.39 and a beta of 1.08. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.35 and a current 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 company's fifty day moving average is $234.25 and its 200 day moving average is $224.62.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its earnings results on Friday, January 31st. The business services provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.32 by $0.24. Broadridge Financial Solutions had a return on equity of 44.40% and a net margin of 11.36%. During the same period in the prior year, the business earned $0.92 EPS. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, March 13th. This represents a $3.52 annualized dividend and a dividend yield of 1.44%. Broadridge Financial Solutions's dividend payout ratio (DPR) is presently 55.09%.

Insider Buying and Selling

In related news, VP Laura Matlin sold 514 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $241.60, for a total value of $124,182.40. Following the completion of the transaction, the vice president now owns 6,602 shares of the company's stock, valued at $1,595,043.20. The trade was a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert N. Duelks sold 485 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $237.93, for a total transaction of $115,396.05. Following the sale, the director now directly owns 4,960 shares of the company's stock, valued at $1,180,132.80. This represents a 8.91 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,441 shares of company stock valued at $1,547,835. 1.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BR has been the subject of several analyst reports. DA Davidson reiterated a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, January 21st. UBS Group lifted their price objective on shares of Broadridge Financial Solutions from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted 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. StockNews.com downgraded shares of Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Morgan Stanley lifted their price target on shares of Broadridge Financial Solutions from $207.00 to $222.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $239.17.

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.