Proficio Capital Partners LLC Takes $25.77 Million Position in Broadridge Financial Solutions, Inc. (NYSE:BR)

Proficio Capital Partners LLC acquired a new position in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 113,995 shares of the business services provider's stock, valued at approximately $25,773,000. Proficio Capital Partners LLC owned 0.10% of Broadridge Financial Solutions as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Adero Partners LLC grew its position in shares of Broadridge Financial Solutions by 2.5% during the fourth quarter. Adero Partners LLC now owns 1,837 shares of the business services provider's stock worth $415,000 after purchasing an additional 45 shares in the last quarter. Sunburst Financial Group LLC grew its position in shares of Broadridge Financial Solutions by 4.8% during the fourth quarter. Sunburst Financial Group LLC now owns 1,011 shares of the business services provider's stock worth $229,000 after purchasing an additional 46 shares in the last quarter. Avestar Capital LLC grew its position in shares of Broadridge Financial Solutions by 4.0% during the third quarter. Avestar Capital LLC now owns 1,248 shares of the business services provider's stock worth $268,000 after purchasing an additional 48 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in Broadridge Financial Solutions by 3.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,528 shares of the business services provider's stock valued at $345,000 after buying an additional 52 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Broadridge Financial Solutions by 5.5% during the 4th quarter. UMB Bank n.a. now owns 1,097 shares of the business services provider's stock valued at $248,000 after buying an additional 57 shares in the last quarter. Institutional investors own 90.03% of the company's stock.

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Broadridge Financial Solutions Trading Down 0.2 %

Shares of Broadridge Financial Solutions stock traded down $0.36 on Tuesday, reaching $231.11. The company had a trading volume of 420,063 shares, compared to its average volume of 472,349. Broadridge Financial Solutions, Inc. has a 1 year low of $188.30 and a 1 year high of $246.58. 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 firm has a market cap of $27.04 billion, a price-to-earnings ratio of 36.17 and a beta of 1.05. The firm's 50-day moving average price is $235.52 and its two-hundred day moving average price is $226.24.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The business services provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $0.92 earnings per share. As a group, research 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 dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, March 13th. Broadridge Financial Solutions's dividend payout ratio is currently 55.09%.

Analyst Ratings Changes

Several research firms have weighed in on BR. Royal Bank of Canada raised their price target on 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. raised their price target on Broadridge Financial Solutions from $231.00 to $249.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. UBS Group raised their price target on Broadridge Financial Solutions from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. DA Davidson restated a "neutral" rating and set a $215.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their price target on 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 issued a buy rating to the company's stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of "Hold" and a consensus target price of $239.17.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Brett Keller sold 5,442 shares of Broadridge Financial Solutions stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $240.40, for a total transaction of $1,308,256.80. Following the completion of the sale, the director now directly owns 15,536 shares of the company's stock, valued at $3,734,854.40. The trade was a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy C. Gokey sold 95,956 shares of Broadridge Financial Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $235.43, for a total value of $22,590,921.08. Following the sale, the chief executive officer now directly 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,754 shares of company stock valued at $29,397,793. Insiders own 1.30% of the company's stock.

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.